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How to buy Crypto with Woodforest Bank
As stated above, the easiest way to invest in Cryptocurrencies via your Woodforest Bank account is through the most secure exchange in the US, eToro. They offer free and instant USD deposits from Woodforest accounts to trade over 4000 assets including Crypto, Stocks, ETFs, Commodities, Indices and Fiat Currencies.
You can get started via Woodforest with this simple guide:
- Create a free account on eToro and complete the verification requirements.
- Click 'Deposit Funds', pick a method and transfer USD from Woodforest.
- Go to the search bar, find the token you want to buy and click 'Trade'.
- Enter the amount you want of USD you want to invest and tap 'Open Trade'.
What are the fees to buy Crypto?
The fees to invest in Cryptocurrency differ depending on what method you use. If you're using the eToro exchange, there are no fees to deposit USD, but there is a $5 fee when withdrawing funds to your Woodforest account. To buy and sell Cryptocurrency there is a 1% commission that eToro takes, which means if you buy $100 worth of Bitcoin, you will receive $99 worth.
Woodforest Bank Cryptocurrency Policy
Woodforest National Bank has taken a positive stance on Cryptocurrency, recognizing its potential to completely transform the financial industry and provide greater financial access and inclusion. The bank has partnered with leading exchanges like eToro to offer a secure method for buying, selling, and holding digital assets. There is nothing stated in the banks policies that prohibit its clients from investing in Crypto.
About Woodforest Bank
Woodforest National Bank is a privately held bank headquartered in The Woodlands, Texas. It was founded in 1980 and has since expanded to over 700 branches across 17 different states in the United States. These states include Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, Missouri, New York, North Carolina, Ohio, Pennsylvania, South Carolina and Texas.
The bank has received numerous accolades for its services, including being named one of Forbes' Best Banks in America for the past four consecutive years. The bank has also been recognized for its community involvement, earning awards such as the J.D. Power Award for Retail Banking Satisfaction and the Corporate Social Responsibility Award from the Greater Houston Partnership.
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Final Thoughts
To recap, although Woodforest Bank does not offer any Cryptocurrency-investing services directly, it does support its customers by allowing them to deposit USD into FINRA-regulated digital asset exchanges. Our team determined that eToro was the best option as it offers a vast array of features including both trading and staking services, plus much more.
