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How to Buy Bitcoin and Crypto with Webster Bank

How to Buy Bitcoin and Crypto with Webster Bank

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March 15, 2023
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Summary: Webster Bank does not directly offer any products or services that enable its customers to buy Bitcoin and crypto through its online banking platform. This means that investors will need to sign up for a safe and regulated digital asset exchange in the United States to transfer USD from their accounts and invest in the asset class.

For investors looking to get started with a secure and reliable platform, we recommend eToro. They are a FinCEN and FINRA-licensed exchange that offers over 70 cryptos and thousands of stocks, ETFs, commodities and other assets. eToro offers instant and free ACH transfers from Webster Bank and is trusted by over 18 million investors in the US.

Table of Contents

Best Crypto Exchange for Webster Bank

Platform Highlights

  • Fast and free US Dollar deposits for Webster Bank customers.
  • Trade over 4000 assets including Crypto, Stocks, and more.
  • Licensed and regulated by both the FinCEN and the FINRA.
eToro - Webster Bank
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How to buy Crypto with Webster Bank

As outlined above, the safest and easiest way to invest in Bitcoin, Ethereum, Solana, and other cryptocurrencies with Webster Bank is through a FINRA & FinCEN regulated exchange. After analyzing the top brokers in the US, we reccomend eToro because their exchange offers instant USD deposits from Webster Bank via ACH Transfers, Debit/Credit Cards, Apple Pay, Google Play, and Bank Transfers.

Here is a simple 4 step guide to help you get started:

  1. Create an account on eToro and complete your verification (personal or company).
  2. Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
  3. Connect your Webster Bank account or Debit/Credit Card to quickly deposit US Dollars.
  4. The final step is to find the Cryptocurrency you want to buy and execute your trade.
Buy Crypto with Webster Bank.
Buy Crypto with Webster Bank.

Is Webster Bank Crypto-Friendly?

Yes, Webster Bank is crypto-friendly. They have been working with cryptocurrency companies for years and have built up a good reputation in the space. They offer banking services to both individuals and businesses involved in cryptocurrency. Webster Bank has a good relationship with many major exchanges and wallets, so you should have no trouble using their services for your cryptocurrency needs.

There is nothing stated in Webster Banks's terms and conditions that would prohibit its customers from investing in digital assets. Additionally, there have been no reports of users' funds being frozen when transferring to and from regulated exchanges.

What are the Fees to Buy Crypto?

The fees to invest in crypto assets will vary from exchange to exchange. That said, eToro is one of the cheaper platforms in the US with zero-fee deposits, zero commission trading and tight spreads around 1% depending on the coin or token you choose to trade. This is significantly more competitive than popular retail brokers like Coinbase and Kraken who charge over 1.49% per tade.

About Webster Bank

Webster Bank is a regional bank headquartered in Waterbury, Connecticut. The bank has over $20 billion in assets and offers a full range of banking, lending, and investment services to individuals, families, and businesses in the communities it serves.

Founded in 1935, Webster Bank is one of the largest banks in New England and has a long history of helping customers achieve their financial goals. The bank operates more than 200 branches and over 400 ATMs in Connecticut, Massachusetts, Rhode Island, and New York. Webster Bank is a member of the FDIC and an equal housing lender.

Final Thoughts

In conclusion, although Webster Bank does not directly provide cryptocurrency purchasing options through its online banking platform, it remains a crypto-friendly bank. To invest in cryptocurrencies like Bitcoin, Ethereum, Solana, and others, we recommend using eToro, a FinCEN and FINRA-licensed exchange that allows instant and free ACH transfers from Webster Bank.

With competitive fees and a wide range of assets, eToro is a reliable choice for investors seeking a secure platform. To get started, simply create an account, complete verification, deposit funds, and begin trading your desired cryptocurrency

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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