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Buy Bitcoin and Crypto with Credit One Bank

Buy Bitcoin and Crypto with Credit One Bank

Adrian Graham
Fact Checked
Oct 26, 2022

Summary: Credit One does not directly offer any products or services to buy cryptocurrencies like Bitcoin and Ethereum through their online banking platform. That said, they do allow customers to deposit funds into regulated crypto exchanges to invest in the asset class.

We recommend the eToro platform for Credit One account holders because they offer instant and free ACH transfers from your bank account on their exchange. They are also one of the few platforms that accept Credit One credit cards as a deposit method.

Table of Contents

Best Crypto Platform for Credit One Bank

Platform Highlights

  • Fast and Cheap US Dollar deposits from Credit One Bank via ACH Transfer or Debit/Credit Card.
  • Trade over 80 crypto assets with low fees on one of the world's largest and most trusted exchanges.
  • Feature-rich platform that offers Stocks, ETFs, Commodities, Currenices (Forex) and more.

Does Credit One Bank offer Crypto?

Credit One Bank does not currently offer any digital assets services which enable its customers to trade, or custody their crypto assets with the bank. Their executive team has also not announced any plans to offer any services related to cryptocurrencies in the near future.

This means that Credit One Bank account holders will need to find a FINRA-licensed digital asset trading platform to legally buy & sell cryptocurrencies. With this method, you can transfer funds via ACH transfer, debit card or credit card to start investing in the asset class directly from your Credit One online banking account.

Credit One Banking App.

How to buy Crypto with Credit One

As mentioned above, the easiest way to buy and sell digital with your Credit One Bank account online is through the eToro US trading platform. They are a FINRA-licensed broker that offers fast and cheap US Dollar (USD) deposits to trade over 80 cryptocurrencies and thousands of Stocks, ETFs, Commodities, Options, and more.

You can get started 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.
  • Step 3: Select 'USD' as your Fiat currency and 'Bank Transfer' to send funds from your Credit One Bank account, or Credit One Credit Card.
  • Step 4: Once the money is in your account, you will be able to buy or sell any asset available on the platform for zero commissions.
Deposit Funds from Credit One Bank
Deposit Funds from Credit One to invest in Crypto.

Credit One Bank Digital AssetPolicy

Credit One is a crypto-friendly bank that allows its customers to invest in cryptocurrencies through licensed and regulated broker's in the United States. They are also one of the few banks that do not prohibit investors from buying digital assets with the Credit One credit card. The only relevant policy for digital asset investors is that they must use FINRA and SEC licensed brokers that are based in the United States.

About Credit One Bank

Credit One Bank is a leading credit card issuer in the United States. The company offers a variety of credit cards for consumers with different credit profiles and needs. The bank also offers several perks and benefits to its cardholders, including cash-back rewards, no annual fee, and no foreign transaction fees.

The company was founded in 1984 and is headquartered in Las Vegas, Nevada. Credit One Bank has over 2 million customers and more than $5 billion in assets. Credit One Bank is a subsidiary of Capital One Financial Corporation, which is publicly traded on the Nasdaq stock exchange under the ticker symbol COF.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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