Summary: Citibank does not offer any native services for their retail banking clients to buy or sell cryptocurrencies like Bitcoin, Ethereum, Avalanche, Solana and other tokens. That said, they do allow customers to withdraw USD from Citibank online banking account to a licensed exchange.
If you are looking for a regulated broker in the US, we recommend a platform like eToro that offers fast and cheap USD deposits from Citibank to trade over 70 different Cryptocurrencies.
- Fast and Cheap US Dollar deposits from Citibank via ACH Transfer or Debit/Credit Card.
- Trade over 70 Cryptocurrencies on a Trusted and Regulated platform.
- Low and variable trading fees with tight spreads.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Table of Contents
Does Citibank offer Cryptocurrency?
The short answer is no, Citibank does not offer digital asset investing services for their retail customers. The bank only offers crypto custody and investing services for high-net worth investors through their partnership with Metaco.
How to buy Crypto with a Citibank Account
The easiest way to buy cryptocurrency Bitcoin with a Citibank Online account is by depositing US Dollars into a licensed and regulated digital asset platform. You can deposit USD with a Bank Transfer, PayPal or your Citibank Credit Card with a platform like eToro US. We recommend eToro USA because they are America's largest and most trusted mult-asset brokerage that offers fast USD deposits from Citibank accounts.
You can get started with this simple guide:
- Step 1: Sign up to the eToro US platform and verify your identity.
- Step 2: Select the 'Deposit Funds' button on the bottom of your eToro Dashboard.
- Step 3: Select USD as your preferred fiat currency, and your preferred deposit method. Bank Transfer or Credit Card/Debit Card are the best options for Citibank holders.
- Step 4: Once the USD hits your account, navigate through their platform to buy any available asset.
For more information about this platform, you can read our comprehensive eToro Review.
Citibank Cryptocurrency Policy
Given that Citibank has been aggressively hiring and adding to their cryptocurrency team internally highlights that they take a very progressive stance toward digital assets. Further, on review of their banking policies we can confirm that they do not prohibit customers from buying, selling or trading cryptocurrencies or NFTs.
This ultimately means that you are safe to deposit USD into regulated platforms like eToro to get access to digital assets.
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.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
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