Unfortunately Capital One Bank does not currently support the buying, selling and trading of cryptocurrencies on their platform.
However, as a Capital One Bank account holder you can connect your bank account directly to a trusted cryptocurrency exchange in the United States like eToro.
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How to buy Crypto with Capital One Bank
When buying cryptocurrency we recommend using a trusted cryptocurrency exchange like eToro to start your investing journey. You can directly deposit US Dollars from your Capital One Bank account instantly and with very low fees. Their platform most importantly offers zero trading fees - which is unlike popular exchanges like Coinbase who charge up to 3.99% per deposit and 1% per trade.
Please follow the below guide to get started:
- Sign up to eToro USA
- Deposit your USD from Capital One Bank via ACH Transfer
- Find the cryptocurrency you want to buy
- Input the USD amount and click buy
Capital One Bank Cryptocurrency Policy
In early to mid 2019, Capital One Banks social media team took to twitter claiming they would "not approve crypto-related transactions", meaning their clients could not purchase or sell crypto using their Capital One accounts. However, in 2020 they retracted their statement and now are allowing their users to use their funds to invest in cryptocurrencies.
Trading and Bank Fees
The fees that users need to consider as a Capital One Bank account holder to start buying digital assets are deposit fees and trading fees.
When you deposit US Dollars from your Capital One Bank account into some cryptocurrency investing platforms like eToro, it will be completely free. The next fee you will be charged is once you've deposited your USD onto the exchange when you buy cryptocurrency. Fortunately for eToro users, and some other exchanges like Crypto.com, there are no commissions on transactions.