What is South State Bank
South State Bank is a regional bank with over 140 branches located throughout the Southeast United States. It offers traditional banking services such as checking and savings accounts, mortgages, credit cards, and loans. The bank also provides online and mobile banking solutions for its customers.
It regrettably does not offer any investment services, so if you want to buy crypto with South State Bank, you will need to use a licensed digital asset exchange. Uphold is widely regarded to be the best cryptocurrency investing platform in the US as it is the only one that provides audited proof-of-reserves highlighting users' funds are always held 1:1.
How to buy Crypto with South State Bank online
The most secure and affordable way to buy cryptocurrencies with South State Bank is through Uphold. South State Bank customers can deposit funds to Uphold via a variety of methods including Bank Transfer, ACH, Credit Card, Debit Card, Google Pay, Apple Pay, and more. You can follow the short guide below to buy BTC from your South State account:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the fiat currency you want to deposit on the Uphold platform.
- Deposit Funds: Connect your South State Bank account or Debit/Credit Card to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
South State Bank Crypto Policy
As of the time of writing, South State Bank does not ban its customers if they are seen to be engaging in the digital asset ecosystem. Clients of South State are safe to deposit and withdraw US Dollars from licensed and regulated exchanges like the Uphold platform. If you are caught using off-shore trading platforms like BitMex or Gate.io, the bank may ban your account or freeze your funds.
Always ensure that you are using FINRA or SEC-regulated exchanges like Uphold that are transparent in their holdings.
South State Bank does not provide a direct way to purchase cryptocurrencies. However, you can use the Uphold platform for free and instant deposits from your South State Bank account or card. If you choose to purchase digital assets on other platforms, please check with South State Bank first in order to avoid any legal trouble.