Summary: KeyBank does not offer any Cryptocurrency-investing services to its customers. This means that its clients will need to sign up to a regulated exchange in the United States and transfer USD from their KeyBank account to the platform in order to invest in the asset class.

After comparing the top digital asset exchanges in the United States, our team of experts concluded that eToro is the best choice for KeyBank account holders. They offer free and instant USD deposits to buy and sell over 4000 assets including Cryptocurrencies like Bitcoin and Ethereum, Stocks, Commodities, ETFs and more.

Best Crypto Exchange for KeyBank

Platform Highlights

  • Free and instant US Dollar deposits for KeyBank customers.
  • Buy and sell 4000+ assets including Crypto, Stocks, and more.
  • Licensed and regulated by both the FinCEN and the FINRA.
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How to buy Crypto with KeyBank

Following our detailed investigation, we found that eToro is the best Cryptocurrency exchange for KeyBank customers. It is a secure and FINRA-regulated multi-asset exchange that accepts USD deposits via Credit/Debit Card, ACH, Bank Transfer, and PayPal to buy and sell six asset classes including Crypto, Stocks, Indices, Commodities, ETFs, and Fiat Currencies.

Follow this step-by-step guide to buy Crypto with KeyBank:

  1. Open a free account on eToro and complete the sign-up process.
  2. Click 'Deposit Funds', select a method and transfer funds from KeyBank.
  3. Go to the search bar, find the token you want to buy, and click 'Trade'.
  4. Enter the amount of USD you want to invest and tap 'Open Trade'.
How to buy Crypto with KeyBank.
How to buy Crypto with KeyBank.

What are the fees to buy Crypto?

The fees to buy and sell Crypto vary depending on what exchange you use. eToro for example, does not charge any fees to deposit funds to its platform but does charge a $5 fee for withdrawals to your bank account. The only additional cost that the exchange charges is a 1% fee on all Crypto transactions including any time you buy or sell a token.

KeyBank Cryptocurrency Policy

As mentioned earlier, KeyBank allows its customers to buy and sell digital assets through secure, licensed platforms. This means they will not freeze your account for depositing funds into FINRA-regulated crypto trading platforms, although they may if you are using offshore exchanges that are not licensed in the United States. There is nothing stated in the bank's policies that prohibits users from investing in Crypto.

About KeyBank

KeyBank is a regional bank headquartered in Cleveland, Ohio, with more than 1,100 branches and 1,400 ATMs across 15 states. It 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.

The bank is committed to fostering financial wellness for its customers and communities and has implemented several initiatives to support this goal, such as financial educational programs, community development loans, and environmental sustainability efforts. It is also recognized for its strong corporate culture, diversity and inclusion practices, and philanthropic giving.


Final Thoughts

KeyBank is one of the leading banks in the USA and provides a wide range of banking products and services but unfortunately does not offer a Cryptocurrency investing feature. As previously stated, the best way to invest in Crypto with KeyBank is by going through the Cryptocurrency exchange, eToro. It is a highly secure and regulated platform that offers six asset classes, low fees, and 24/7 support.

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.