Buy Bitcoin with Lloyds Bank

[✓] last verified 2026-01-28·Reviewed by BankToBTC Team

Data from bank docs & FCA registers · How we verify · Report an error

Credit cards blocked since 2018. Debit transfers to FCA exchanges allowed.

Supported payment methods: faster-payments, bacs

Last verified: Jan 28, 2026

Top Exchanges for Lloyds Bank

• Kraken
• Coinbase
• eToro

Step-by-step guide to buying Bitcoin with Lloyds Bank

Most Lloyds Bank users fund a regulated exchange using Faster Payments under FCA rules. Start with step one below.

1. Pick an FCA-registered exchange
   Choose an FCA-registered exchange for better transfer acceptance and clearer compliance.
2. Create your exchange account
   Sign up and enable two factor authentication.
3. Complete identity verification
   Verify your identity so deposits are enabled.
4. Get the payee details and reference
   Select Faster Payments in the deposit section and note the sort code, account number, and reference.
5. Pay from the Lloyds app
   Open the Lloyds app, tap Pay and Transfer then Pay someone new, add the payee, and approve; enter the reference exactly as shown.
6. Wait for funds to arrive
   Most Faster Payments arrive within minutes, but new payees may be delayed by checks or confirmation prompts.
7. Purchase Bitcoin
   Place your BTC order once funds clear.
8. Secure your Bitcoin
   Move BTC to a personal wallet if you want self custody.

Frequently Asked Questions

Can I buy Bitcoin with Lloyds Bank?

Yes, most customers do it by sending a Faster Payment to a UK exchange. Lloyds Banking Group has blocked crypto purchases on credit cards, and debit card attempts can be hit and miss, so bank transfer is usually the better path for exchange funding.

Why did my Lloyds debit card get declined on a crypto exchange checkout?

Many exchanges are treated as higher risk merchants and Lloyds can decline card payments to prevent fraud or debt funded crypto buys. If you can, switch to Faster Payments, because bank transfer funding is more consistent than card checkout for crypto.

Do Club Lloyds accounts have different Faster Payment limits for exchange deposits?

Payment limits at Lloyds are mainly channel-based rather than a Club Lloyds perk. Check the Lloyds payment limits page, then plan your first exchange deposit around the online and app caps rather than assuming the account tier changes it.

How do I increase my Lloyds app transfer limit before I send money to an exchange?

Lloyds publishes payment limits and explains how they apply across channels. Review your current limits first, then request a change ahead of time if you plan a large deposit. Doing this before you add a new payee reduces the chance you hit both a new payee friction point and a limit at the same time.

When would a Lloyds CHAPS payment make sense for crypto, and what is the fee?

CHAPS is for large same day payments during business hours. It can be useful if your online Faster Payment cap is too low, but it does not guarantee an exchange will credit faster than FPS, because exchanges still run internal checks. Lloyds lists CHAPS fees and the submission process on its CHAPS help pages.

What tends to trigger Lloyds fraud checks on first time crypto exchange transfers?

Common triggers include a brand new payee, an unusually large first payment, repeated retries after a decline, or payments made while on the phone with someone coaching you. Banks have tightened scam controls as crypto related losses have risen, so expect extra prompts when the pattern looks risky.

Evidence & Verification

This page references 4 sources: Lloyds Crypto Card Ban, Lloyds Crypto Scam Warning, Lloyds Payment Limits. Information was compiled from official sources and user reports.

Sources:

• Lloyds Crypto Card Ban
• Lloyds Crypto Scam Warning
• Lloyds Payment Limits
• FCA Cryptoasset Register

How we verify · Report an error

Information can change without notice. Always verify current policies directly with your bank and exchange before making transactions.