Summary: First Republic Bank does not offer any Cryptocurrency-investing services through its Wealth Management solutions. The only secure method available in the United States is by going through a FINRA-regulated digital asset exchange. Simply sign up to a platform, deposit USD from First Republic, and invest in a variety of Cryptocurrencies like Bitcoin or Ethereum.
We discovered that eToro was the best option as it is the most trusted exchange in the US and is regulated by FINRA & FinCEN. It offers free and instant deposits to First Republic Bank account holders and allows them to invest their USD in over 4000 assets which are comprised of Crypto, Stocks, Indices, Fiat Currencies, ETFs, and Commodities.
Best Crypto Exchange for First Republic Bank
Platform Highlights
- Free and fast USD deposits for First Republic Bank customers.
- Buy and sell 4000+ assets including Crypto, Stocks, and more.
- Licensed and regulated by both the FinCEN and the FINRA.
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How to buy Crypto with First Republic Bank
As previously stated, the best method available to First Republic Bank customers is to buy Cryptocurrency through regulated and licensed digital asset exchanges. eToro is the number one choice as it offers free and instant USD deposits via ACH, Bank Transfer, Credit/Debit Card, PayPal, and Skrill.
First Republic Bank customers can buy Crypto with this easy guide:
- Open a free account on eToro and complete the verification requirements.
- Click 'Deposit Funds', pick a method, and transfer USD from First Republic Bank.
- 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?
There are two fees that eToro charges customers when engaging with the platform. There are no fees to deposit USD to the exchange, however, there is a $5 fee when you withdraw USD from eToro to a bank account. The only additional fee is the 1% trading fee, which is a commission taken by the exchange every time you buy or sell a Cryptocurrency.
First Republic Bank Cryptocurrency Policy
While Republic Bank does not offer any direct services for digital assets, it doesn't have any policies that prohibit its customers from buying Cryptocurrencies through FINRA-regulated exchanges. This means that it is safe to buy Bitcoin and other digital assets from licensed platforms like eToro.
About First Republic Bank
First Republic Bank is a leading private bank in the United States that provides its clients with a full range of banking and wealth management services, including personal banking, investment banking, commercial banking, private banking, and trust and estate planning. It has been ranked as one of the top 10 private banks in the US by Forbes magazine for four consecutive years.
The bank was founded in 1985 by John D. Robinson and eight other partners. It is headquartered in San Francisco, California, and has over 70 offices nationwide. First Republic Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is an Equal Housing Lender.
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Final Thoughts
First Republic is a leading private banking and wealth management institution in the United States. Although it doesn't directly offer crypto, the bank does allow its clients to buy Bitcoin and other Cryptocurrencies through regulated digital asset exchanges. After comparing the top platforms in the US, we concluded that eToro was the best option as it offers high security, low fees, a wide range of assets, and more.
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Author
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
