Summary: You cannot buy Bitcoin directly through KeyBank online. You will need to sign up to a trusted exchange in the United States to deposit US Dollars to invest in digital assets.
If you are looking to get started quickly, we recommend eToro for low fees and fast deposits from KeyBank via ACH Transfer or Debit Card and Credit Card.
- 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 Crypto with KeyBank?
As at time of writing, KeyBank does not offer any native services to buy or sell Bitcoin, Ethereum and other digital currencies. With that said, they do allow their customer to deposit US Dollars into trusted and regulated cryptocurrency exchanges if they want to invest in the asset class.
It is important that customers avoid using off-shore exchanges because KeyBank may freeze your bank account due to risk of fraudulent activities. This is why recommend trusted exchanges like eToro or Coinbase.
How to buy Crypto or Bitcoin with KeyBank online
The best way to buy Bitcoin with a KeyBank account is by depositing USD into a low-fee exchange that offers a wide range of ways to get exposure to BTC. We recommend eToro because they are a trusted and regulated platform in the United States with over 18 million users.
The guide below is a high-level overview on how to get started.
- Sign up to eToro US and verify your information.
- Deposit USD via Bank Transfer from your KeyBank online banking account.
- Find the asset you want to invest in via their 'Discover' page.
- Input the USD amount you want to invest and execute your trade.
KeyBank Crypto Policy
As mentioned earlier, KeyBank does let customers buy and sell digital assets through regulated and licensed platforms. This means they will not freeze your account for depositing funds into crypto trading platforms, although they may do so if you are using offshore exchanges that are not licensed in the United States.
This means you will need to be careful when selecting exchanges if you are looking to buy long-tail altcoins and other exotic tokens.
KeyBank is one of the leading banks in the USA with a strong presence across the country. KeyBank is a subsidiary of KeyCorp, which is one of the largest financial services companies in the world. They provide a wide range of banking products and services to both individuals and businesses.
KeyBank has a strong focus on community banking and is committed to helping its customers succeed. Their bank is licensed and regulated by the United States government and deposits are FDIC insured..
KeyBank offers a wide range of banking products and services, including checking and savings accounts, credit cards, mortgages, loans, and more. Their online banking platform is easy to use and provides a great way to manage your finances. KeyBank's mobile app is also very user-friendly and allows you to bank on the go.
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.