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How to buy Crypto with Woodforest Bank

How to buy Crypto with Woodforest Bank

Karen Tren
Fact Checked
Sep 14, 2022

Summary: Woodforest National Bank does not offer any services which enable its customers to buy or sell Bitcoin and Crypto directly through their online banking platform.

This means that Woodforest customers will need to sign up to a FINRA licensed and regulated cryptocurrency exchange like eToro US to buy and sell digital assets.

Table of Contents

Best Woodforest Bank Crypto Exchange

Platform Highlights

  • Fast and Cheap USD deposits from Woodforest Bank.
  • Trade 70+ Cryptos & 7,000+ Stocks, ETFs and more.
  • Zero fees or trading commissions on Crypto & Stocks.

Can I buy Cryptocurrencies with Woodforest Bank?

The Woodforest Bank online banking platform does not offer any digital asset trading services, such as cryptocurrency trading. This is because they do not support the necessary infrastructure to facilitate digital asset transfers or custody through cryptocurrency wallets.

The only way you can buy Bitcoin, Ethereum, Solana or other Cryptos from your Woodforest Bank account is by signing up to a licensed and regulated trading brokerage based in the USA.


How to buy Crypto or Bitcoin with Woodforest Bank Online

The easiest way to invest in cryptocurrencies via your Woodforest Bank account is through a trusted broker like eToro. They offer fast and cheap US Dollar (USD) deposits from Woodforest accounts to trade over 60 of the top cryptocurrencies, and thousands of Stocks, ETFs, Commodities, Options, Treasuries, and more.

You can get started via Woodforest with this simple guide:

Step 1: Sign up to the eToro US trading platform and verify your identity.

Step 2: Select the 'Deposit Funds' button on your eToro Dashboard.

Woodforest National Bank transfer

Step 3: Select 'USD' as your Fiat currency and 'Bank Transfer' to send funds from your Woodforest National Bank account.

Step 4: Login to your Woodforest Bank account and send USD to the direct deposit details provided to you by eToro.

Credit One Bank Wire

Step 5: Once the money is in your account, you will be able to buy or sell any asset available on the platform for zero commissions.

Once you complete your purchase of a Crypto like Bitcoin, Ethereum or Solana - it will automatically be stored in your eToro Managed Crypto Wallet for secure custody. You can withdraw it onto a personal wallet, or to another exchange at any time.


About Woodforest Bank

Woodforest National Bank is a full-service bank offering a wide range of personal and business banking products and services in the United States.The bank was founded in 1980 and is headquartered in The Woodlands, Texas.

Woodforest Bank has over 750 branches across 17 states, including Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New York, North Carolina, Ohio, Pennsylvania, South Carolina and Texas.

Woodforest National Bank

Woodforest National Bank is a member of the FDIC (Federal Deposit Insurance Corporation) and is regulated by the Office of the Comptroller of the Currency (OCC). This means that your deposits at Woodforest National Bank are protected up to $250,000 per account.

They offer a wide range of personal banking products and services, including checking and savings accounts, credit cards, loans, and more. The bank also offers a full range of business banking products and services, including loans, lines of credit, and more.

If you're looking for a full-service bank that offers a wide range of personal and business banking products and services, Woodforest National Bank is a great choice.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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