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Buy Crypto or Bitcoin with KeyBank

Buy Crypto or Bitcoin with KeyBank

Alysha Jane
Fact Checked
Jan 4, 2023

Summary: KeyBank does not directly offer cryptocurrency investing products or services through its online banking platform. This means that customers will need to sign up to a regulated exchange in the United States to transfer USD from their KeyBank account to invest in the asset class.

Our top pick for US investors is Uphold. They offer fast and cheap USD deposits from KeyBank to trade and stake over 200 cryptocurrencies with low fees. Their platform is regulated by FinCEN in the USA and is one of the only exchanges that has a real-time audited proof-of-reserves.

Table of Contents

Best Crypto Exchange for KeyBank

Platform Highlights

  • Trade 200+ Cryptos with fast & cheap USD Deposits via KeyBank ACH Transfer or Credit/Debit Card.
  • Regulated by FinCEN in the USA and has an audited Proof-of-Reserves.
  • Feature-rich platform with Crypto Staking and hundreds of Stocks, ETFs & Metals to trade.
Uphold - KeyBank
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Audited Proof of Reserves
Audited Proof of Reserves

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.


How to buy Crypto or Bitcoin with KeyBank

As mentioned above, the best way to buy cryptocurrencies like Bitcoin and Ethereum with KeyBank is through a licensed and regulated crypto broker. We recommend Uphold because they are regulated in the USA and offer the best overall user experience for KeyBank account holders with fast and cheap USD deposits via Bank Transfer (ACH), Debit Card and Credit Card.

The guide below is a high-level overview on how to get started.

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
  3. Deposit Funds: Connect your KeyBank account or Debit/Credit Card to quickly deposit USD.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Connect KeyBank account and deposit USD.

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.

About KeyBank

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

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.

Final Thoughts

KeyBank is one of the leading banks in the USA and provides a wide range of banking products and services. They do not offer native crypto services but customers can use their bank account to deposit USD into regulated and licensed crypto exchanges if they want to invest in digital currencies.

We recommend Uphold because they are regulated by FinCEN in the USA and offer the best overall user experience for KeyBank account holders. They also have an audited Proof-of-Reserves and a feature-rich platform with Crypto Staking and hundreds of Stocks, ETFs & Metals to trade.

Alysha Jane

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

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