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How to Buy Crypto with Citizens Bank

How to Buy Crypto with Citizens Bank

Adrian Graham
Fact Checked
Feb 3, 2023

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 regulated crypto exchange to deposit USD from their bank account to trade digital assets.

Our top pick for US investors is Uphold. Their platform offer fast & cheap USD deposits from Citizens Bank to trade and stake over 250 cryptocurrencies with low fees. The Uphold exchange is licensed and regulated by FiNCEN in the USA and boast over 10 million users across the country.

Table of Contents

Best Crypto Exchange for Citizens Bank

Platform Highlights

  • Fast and cheap USD deposits via Citizens Bank to Trade & Stake 250+ Cryptocurrencies.
  • Regulated by FinCEN in the USA and has an audited Proof-of-Reserves.
  • Trusted by over 10 million retail and institutional investors.
Uphold - Citizens Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to buy Bitcoin and Crypto 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 Uphold for Citizens Bank account holders because they offer fast and cheap USD deposits to trade and stake over 250 cryptocurrencies. Their exchange also offers hundreds of stocks, ETFs, metals and other assets all in one platform available on Web, iOS and Android.

You can follow our simple step-by-step guide below to get started:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
  3. Deposit Funds: Connect your Citizens Bank account or Debit/Credit Card to quickly deposit USD.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Connect your Citizens Bank account to deposit USD.

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 Uphold. 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
Citizens Bank Online.

Final Thoughts

In conclusion, citizens Bank does not offer crypto services directly, but customers can safely purchase cryptocurrencies by using a regulated exchange such as Uphold. This platform offers fast and cheap USD deposits from citizens Bank to trade over 200 cryptocurrencies with low fees. Customers can easily connect their citizens Bank account and start trading quickly and securely. As always, we recommend researching different exchanges to find the right platform for individual needs.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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