Key Takeaway: First Republic Bank do not offer any native services that allows their customers to buy or sell Bitcoin and other cryptocurrencies through their Wealth Management solutions.
As a client of First Republic, you may want to speak to one of their licensed brokers to get more information on the asset class and whether it suits your investment strategy.
- Fast and Cheap US Dollar deposits from US Banks and ACH Transfer.
- Trade over 70 Cryptocurrencies on a trusted and regulated platform.
- Low and variable trading fees with tight spreads.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
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Can I buy Bitcoin with First Republic Bank
First Republic Bank are one of the largest private banking and wealth management institutions in the United States. They offer a wide suite of services that provides their clients with access to individualized wealth management solutions to help them grow their net-worth and protect them against financial risks.
That said, they do not currently provide their customers with any access to buy Bitcoin, Ethereum and other cryptocurrencies through their platform. First Republic Bank customers will need to use a US regulated and licensed cryptocurrency exchange to buy and hold digital assets.
How to buy Crypto with a First Republic Bank Account
If you are looking to get access to digital asset markets from your First Republic Bank account, we recommend the eToro platform. They are the best crypto exchange that is licensed and lets you buy cryptocurrencies like Bitcoin, Ethereum, Solana and many others with low trading fees.
You can follow the simple guide below to get started.
- Sign up to the eToro US platform.
- Deposit USD via Bank Transfer from your First Republic Bank account.
- Find the cryptocurrency, or stock related to digital assets you want to buy.
- Input the USD amount you want to buy and execute the trade.
Is First Republic Crypto-Friendly?
While Republic Bank does not offer any direct services for digital assets, they do not have any internal policies that prohibits their customers from buying cryptocurrencies themselves. This means that you are safe to buy Bitcoin and digital assets from licensed platforms like eToro, Coinbase or many other exchanges.
Overall, First Republic is a crypto-friendly bank and customers do not need to worry about engaging in the digital asset ecosystem.
About First Republic Bank
First Republic Bank is a leading private bank in the United States. The Bank 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. First Republic Bank has been ranked as one of the top 10 private banks in the United States by Forbes magazine for four consecutive years.
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First Republic Bank was founded in 1985 by John D. Robinson and eight other partners. The Bank 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.
First Republic's clients include individuals, families, businesses, and nonprofit organizations. The Bank’s private wealth management group provides investment management, trust and estate planning, and family office services to its high net worth clients. First Republic Investment Management, the Bank’s asset management affiliate, offers a range of investment products and services to individuals, families, and institutions.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.
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