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Can I buy Crypto or Bitcoin with Citibank?

As at time of writing, 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. With that said, it is likely that a cryptocurrency offering for their institutional clients is around the corner because they have been bolstering their crypto teams internally.

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How to buy Crypto with a Citibank Account

As a Citibank customer, you can still buy cryptocurrency by depositing USD at a regulated digital asset trading platform. We recommend eToro USA because they are secure and offer zero fees to trade cryptos, stocks, ETFs, commodities and bonds. Their platform is a significantly cheaper alternative to exchanges like Coinbase who charge exorbitant fees of up to 3% per trade.

You can follow the simple guide below to get started.

  1. Sign up to eToro USA
  2. Deposit USD via Bank Transfer from your Citibank Account (see below)
  3. Find the cryptocurrency you want to buy
  4. Select 'Buy' and execute your trade
Buy Crypto Citibank
Deposit USD from Citibank to eToro via Bank Transfer

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Citibank Crypto 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.

Visit eToro
Posted 
Mar 6, 2022
 in 
Crypto Banks
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