How to buy Crypto with Credit One
The easiest and fastest way to buy and sell Crypto with a Credit One Bank account is through eToro. It is a FinCEN-licensed exchange that offers free and instant US Dollar deposits to trade over 4000 assets including Crypto, Stocks, ETFs, Fiat Currencies, Indices and Commodities. Simply transfer funds to eToro via Bank Transfer, ACH Transfer, Credit/Debit Card or PayPal.
Get started with thie simple four step guide:
- Create a free account on eToro and complete the verification process.
- Click 'Deposit Funds', pick a method, and transfer USD from Credit One.
- Go to the search bar, find the token you want to buy, and click 'Trade'.
- Enter the amount you want to invest and tap 'Open Trade'.
What are the fees to buy Crypto?
The fees are almost non-existent to invest in Cryptocurrencies if you use the eToro exchange. This is because the platform provides free and fast USD deposits and the cost to withdraw funds is only $5 per transaction. The only fee applied when investing in Crypto is the trading fee, which is 1% of your total transaction amount. This is much lower than other exchanges like Coinbase who charge 3%.
Credit One Bank Cryptocurrency Policy
Credit One is a Crypto-friendly bank that allows its customers to invest in digital assets through licensed and regulated broker's in the US. 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 licensed brokers that is based in the United States.
About Credit One
Credit One is a financial institution that provides credit cards to consumers with less-than-perfect credit scores. Founded in 1984, the company has over 10 million registered users and is headquartered in Las Vegas, Nevada. It provides a range of card options including cash back, travel, and gas reward cards, as well as free credit score tracking and credit monitoring services.
One of the key benefits of Credit One is they can help customers build or rebuild their credit scores. The bank reports to all three major credit bureaus, which means that a Credit One credit card can improve a customer's creditworthiness over time. It is strongly committed to providing excellent customer service, and offers 24/7 customer support via phone and online chat.
After carefully evaluating the top exchanges available in the US, we determined that the best option for Credit One Bank customers is eToro. It is a multi-asset exchange that offers free and instant deposits to buy and sell 6 asset classes, including over 90 Cryptocurrencies like Bitcoin and Ethereum. eToro is a feature-rich platform that has copy trading services and a virtual trading platform.