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How to Buy Crypto with Citibank
The safest and easiest way to buy Cryptocurrencies like Bitcoin and Ethereum with Citibank is with the Uphold exchange. They offer fast ACH Transfers and other USD deposit methods from Citi to trade over 200 crypto assets and hundreds of stocks, ETFs and metals in one platform.
You can get started in minutes with 4 simple steps:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
- Deposit Funds: Connect your Citibank account or Debit/Credit Card to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the crypto you want to buy and execute your trade.
Citibank Cryptocurrency Policy
Citibank is a crypto-friendly bank in the United States that does not ban customers for engaging in crypto asset transactions. The bank has a very progressive stance toward digital assets and is one of the few US-banks that are actively building out a department to service their institutional clients.
However, for retail banking customers, Citibank does not offer any native services to buy or sell digital assets. Customers must turn to 3rd party platforms to purchase crypto with their bank accounts.
Does Citi Block Crypto Purchases?
No, Citi does not block cryptocurrency purchases when using a regulated exchange in the USA. Customers are able to withdraw USD from their Citibank online banking account and use it to buy cryptocurrencies on licensed exchanges.
Citibank Institutional Crypto Offering
It is rumoured that Citibank will soon be releasing a product that will provide their institutional customers with access to crypto markets. This is off the back of an announcement on behalf of Citibank outlining that they have been bolstering their crypto teams internally.
About Citibank
Citibank is one of the leading banks in the United States. It offers a wide range of banking products and services to customers across the country. Citibank was founded in 1812 and has since grown to become one of the largest banks in the country.
They have a long history of providing quality banking products and services to its customers. The bank has a strong commitment to customer service and provides a variety of ways for customers to bank with ease. Citibank offers online banking, mobile banking, and branch banking options for customers who want convenient access to their accounts.
Citibank is headquartered in New York City and has operations in the United States, Europe, the Middle East, Africa, Latin America, and Asia Pacific. They are a subsidiary of Citigroup Inc, one of the world's largest financial services companies. Citigroup Inc. has operations in more than 100 countries and employs more than 250,000 people.
Final Thoughts
In conclusion, although Citibank does not offer a native service for retail banking clients to buy or sell cryptocurrencies, it is still a crypto-friendly bank in the USA. It is possible to purchase digital assets through 3rd party platforms like Uphold using a bank account or credit card linked to your Citibank account. Citibank is reportedly building a department to service its institutional clients and may soon offer a product that provides access to crypto markets.
