Summary: The best way to buy Crypto or Bitcoin with a Fifth Third Bank account is by transferring USD from your online banking account, into a regulated exchange.
We recommend the eToro platform because they are a licensed exchange that offers free USD deposits and free cryptocurrency trading.
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Can I buy Crypto with Fifth Third Bank?
There is no way to buy Bitcoin or cryptocurrencies directly through Fifth Third Bank or the Fifth Third online banking platform. The only way to buy digital assets is by depositing USD from your Fifth Third account into a Cryptocurrency exchange or multi-asset brokerage.
How to buy Crypto with Fifth Third
The best way to buy Crypto through a Fifth Third Bank account is with the eToro multi-asset trading brokerage. They offer cryptocurrencies, stocks, commodities, options and free USD deposits from Fifth Third account holders.
You can follow the simple guide below to get started:
- Sign up to eToro
- Verify your identity and submit KYC information
- Select 'Deposit Funds' and 'Bank Transfer' for USD to get transfer details
- Deposit USD from your Fifth Third account into eToro
- Find the crypto you want to buy and select 'Trade'
- Execute your order and you've bought Crypto!
Fifth Third Crypto Policy
Fifth Third Bank does not prohibit their customers from investing in Bitcoin, cryptocurrencies or other aspects of the rapidly growing meta-economy. This means you can safely deposit USD into licensed crypto exchanges to trade any available asset.
Fees for buying Bitcoin with Fifth Third
There are two main fees you need to be mindful of when buying Cryptocurrency with a Fifth Third Bank - these are:
- Deposit Fees: The fees you pay to deposit USD to an exchange
- Trading Fees: The fee charged to buy Bitcoin with USD
With the eToro platform, both the Deposit Fees and Trading Fees are completely free for customers depositing USD from a Fifth Third bank account. This makes them the most fee-friendly option available.