Summary: As at time of writing, Citizens Bank does not offer any services for their customers to buy or sell cryptocurrencies through their online banking platform, or through a banking branch.
This means Citizens Bank customers will need to sign up to a licensed trading platform like eToro to deposit USD from their Citizens Bank Online account to trade digital assets.
- Fast and Cheap US Dollar deposits from US Banks and ACH Transfer.
- 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.
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How to buy Bitcoin with Citizens Bank
The best way to buy Bitcoin or Crypto with a Citizens Bank account is by signing up to a regulated exchange in the United States. We recommend eToro for Citizens Bank account holders because they offer fast and cheap USD deposits to trade and stake cryptocurrencies.
Follow the guide below to get started.
- Sign up to eToro.
- Deposit USD via Bank Transfer from Citizens Bank Online or a Debit Card/Credit Card.
- Find the Crypto you want to buy in the eToro 'Discover' page.
- Input the USD amount and execute the trade.
Citizens Bank Cryptocurrency Policy
There are no current banking policies that prohibit Citizens Bank account holders from buying or selling cryptocurrencies. This means that you are safe to deposit or withdraw US Dollars (USD) from regulated digital currency platforms like eToro. We recommend avoiding off-shore exchanges, which may increase the risk of a bank freeze.
What is Citizens Bank?
Citizens Bank is a regional bank headquartered in Providence, Rhode Island. It is the 19th largest bank in the United States with over $130 billion in assets and more than 1,200 branches across 11 states. The bank offers a full range of banking products and services for both individuals and businesses, including checking and savings accounts, loans, credit cards, and investment products.
The bank was founded in 1828 and is one of the oldest banks in the United States. The bank has a long history of serving the communities in which it operates and is committed to helping its customers achieve financial success. Citizens Bank is a member of the FDIC and is an equal housing lender.
Citizens Bank Deposit Fees
The fees to deposit USD from your Citizens Bank Online account onto eToro are 0.2% per bank transfer. This is much cheaper than alternatives like Coinbase who charge up to 3% for a US Dollar deposit, then clip another 1% when you trade on their platform.
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.