How to buy crypto (Bitcoin) at Sainbury’s Bank?
Wondering if you can buy Bitcoin at Sainbury’s Bank? Unfortunately, the answer is no! At the moment, you cannot buy crypto at Sainbury’s Bank, nor is it possible to buy crypto at Sainbury’s supermarkets. However, by following the steps in this article, you can still buy crypto with your Sainbury’s bank account without any problems.
How to buy crypto at Sainbury’s Bank?
Step 1: register with a crypto exchange
First, you need a registration with a crypto exchange. In the overview below, you can immediately see at which parties you can buy & sell crypto without any problems:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Sainbury's after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: preparing your account
Before you can use your account, you must first activate it. You can activate your account by uploading a copy of your passport. That way, the exchange can verify that you really exist.
After your account is activated, you can immediately deposit funds using your Sainbury’s Bank account. You simply transfer the amount you want to invest from your Sainbury’s Bank account to the account at the exchange. It is important that your bank account is also in your name, otherwise the transaction will not be processed properly.
Step 3: buy crypto with your Sainbury’s Bank account
You now have everything you need to buy crypto with your Sainbury’s Bank account! First, decide which crypto you want to buy: this could, of course, be Bitcoin or Ethereum. However, you can choose between hundreds of different altcoins at most crypto exchanges.
Then, within the platform, navigate to the crypto you want to buy and enter the amount you want to invest. You can then send the order directly to the exchange, which will buy the crypto for you within seconds to minutes!
Some additional tips for crypto investments at Sainbury’s Bank
It is wise to evaluate your investments regularly: that way, you can determine whether the crypto still fits within your portfolio. If it does not, you can also sell the crypto again immediately with an order & transfer the money to your Sainbury’s Bank account.
It may further be wise to apply dollar cost averaging. With dollar cost averaging, you invest in a particular crypto at different times. That way, you can achieve an average return on your crypto investment.
Finally, it is very important to watch out for your security; as there are many scammers active and you will not be the first to be robbed.
About Sainbury’s Bank
You probably know Sainsbury’s as one of the biggest supermarkets in the UK. The supermarket has also launched its own financial services under the name Sainsbury’s Bank. The company offers online banking and you can also go there for a credit card or for various insurance policies.
Sainbury’s Bank does not offer crypto itself, but the company sees the power of crypto. In fact, Sainbury’s is working with Unilever and others on a blockchain-based project. Incidentally, with a workaround, you can use crypto to pay for groceries, for example. However, by opening an account with a crypto exchange, you make this a lot easier.
Can you buy Bitcoin at Sainbury’s Bank?
You cannot buy Bitcoin or ether from Sainbury’s Bank. However, by closely following the steps in this article, you can invest in various crypto currencies with your Sainbury’s Bank account without any problem. In that case, make sure you open an account with a reliable crypto exchange; that way, you avoid big losses!