Summary: BMO Harris currently does not offer a feature for clients to buy cryptocurrencies such as Bitcoin and Ethereum through their digital banking app. As a result, BMO Harris clients will have to create an account with an exchange licensed by FinCEN to invest in digital assets.
Our recommendation for investors based in the United States is eToro. It allows fast, fee-free USD transfers from BMO Harris and offers a wide array of cryptocurrencies with no trading fees and competitive spreads. Licensed by FINRA and FinCEN, eToro is a trusted platform for over 10 million users in the US.
Best Crypto Exchange for BMO Harris Bank
Platform Highlights
- Free and instant US Dollar deposits for BMO Harris Bank customers.
- Trade 4000+ assets including Crypto, Stocks, Commodities and more.
- Licensed with FinCEN as a Money Services Business & is a member of FINRA.
Can I Buy Crypto with BMO Harris?
At the moment, BMO Harris does not facilitate cryptocurrency transactions via its online banking, mobile app, or physical locations. If you're interested in venturing into the cryptocurrency sphere, it would be recommended to utilize a dependable, US-regulated cryptocurrency exchange. Once you've deposited USD into your selected platform, you are then able to buy, sell, and trade cryptocurrencies in compliance with US legal standards.
How to Buy Bitcoin and Crypto with BMO Harris
The easiest and safest way to invest in digital assets with a BMO Harris Bank account is through a FinCEN-licensed cryptocurrency exchange. With this method, BMO Harris Bank customers can transfer US Dollars via ACH Transfer, debit card or credit card from their account to a licensed broker to buy and sell cryptos like Bitcoin, Ethereum and Solana.
In the guide below, we outline a simple 4-step process to start investing with our recommended broker eToro:
- Create a free account on eToro and complete the signup process.
- Tap 'Deposit Funds', select a method, and transfer USD from BMO Harris.
- Go to the search bar, find the token you want to buy, and tap 'Trade'.
- Input the amount you want to invest in the token and tap 'Open Trade'.

Is BMO Harris Bank Crypto Friendly?
Yes, BMO Harris is a crypto-friendly bank that enables its US clients to deposit and withdraw US Dollars from regulated digital asset service exchanges. However, BMO Harris clients should use FINRA-regulated platforms such as eToro to purchase Crypto. We advise against using offshore and unregulated exchanges like Binance, as this could potentially lead to the freezing of your bank account.
Fees for buying Bitcoin with BMO
When buying Bitcoin via BMO Harris, remember deposit and trading fees. Deposits to exchanges can incur fees, as can buying Bitcoin with USD. With eToro, however, BMO Harris customers pay no deposit or trading fees. The only cost is the spread, typically around 1% per trade, which is less than other platforms like Kraken or Coinbase that charge over 2.99%. BMO Harris and eToro thus make crypto investments more economical.
About BMO Bank
BMO Harris Bank is a leading financial institution in the United States. It offers a wide range of services, including personal banking, commercial banking, and wealth management. The bank was founded in 1882 and is headquartered in Chicago, Illinois. It is regulated by the Federal Reserve System.
The bank has a strong focus on providing excellent customer service. It has a team of knowledgeable and experienced bankers who are ready to assist customers with their banking needs. The bank also offers online and mobile banking services. These services allow customers to conduct transactions and manage their accounts from anywhere in the world.

Final Thoughts
In conclusion, BMO Harris doesn't currently support direct cryptocurrency transactions, but clients can still invest in digital assets using licensed exchanges like eToro. As a crypto-friendly bank, BMO Harris allows seamless USD transfers to eToro, offering fee-free deposits and trading, with only a competitive spread to consider.
By choosing eToro, BMO Harris customers can confidently invest in cryptocurrencies while adhering to US legal standards and avoiding offshore or unregulated exchanges that could jeopardize their accounts.
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Author
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.