Summary: Capital One does not currently support the buying, selling and trading of cryptocurrencies through their online bank platform. The only method available for Capital One account holders to invest in digital assets is by signing up to a regulated crypto broker.
If you are looking to get started quickly, we recommend the eToro platform because they accept fast and cheap ACH deposits from Capital One to trade crypto.
- 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.
Table of Contents
Can I buy Crypto with Capital One?
No, Capital One bank does not offer any products or services that enable its customers to buy and sell cryptocurrencies directly through the online banking platform. This is because Capital One does not support the necessary infrastructure to offer cryptocurrency custody and trading on their Web and Mobile App.
That said, Capital One does allow its customers to withdraw US Dollars (USD) from their accounts to licensed and regulated digital asset brokers in the USA.
How to buy Crypto with Capital One online?
The best way to buy cryptocurrencies like Bitcoin and Ethereum with a Capital One account is with the eToro trading platform. They offer fast and cheap US Dollar deposits from Capital One bank customers to buy over 70 cryptocurrencies and stake them to earn interest.
You can get started with this simple 4 step guide:
- Create an account: Sign up to the eToro US trading platform and verify your identity.
- Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit USD from a Capital One bank transfer or Capital One Credit Card or Debit Card.
- Find your Crypto: Once the USD hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the USD amount you want to invest and execute your trade.
Capital One Bank Crypto 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.
How to buy Crypto with a Capital One Credit Card
The easiest and cheapest way to buy crypto with a Capital One Credit Card in the US is also with the eToro trading platform. They offer fast and safe US Dollar deposits from Capital One Credit Card's and even Capital One 360 accounts.
All you need to do is select the 'Deposit Funds' button at the bottom of your screen and input your Capital One Credit Card details as shown below.
About Capital One Bank
Capital One is a national bank that offers banking and financial services to consumers, businesses, and government entities. Capital One has more than 1,000 branches and ATMs across the United States and offers a full range of deposit products, including checking, savings, money market, and certificates of deposit accounts.
The bank also offers lending products, including credit cards, auto loans, home equity lines of credit, and personal loans. In addition to banking and lending products, Capital One Bank provides a full range of financial services, including investment advice, wealth management, and insurance products.
Capital One Bank is a subsidiary of Capital One Financial Corporation, a Fortune 500 company. Capital One Financial Corporation is a diversified financial services company with operations in the United States, Canada, and the United Kingdom. Capital One Financial Corporation's subsidiaries include Capital One Bank, Capital One Auto Finance, and Capital One Investing.
Headquartered in McLean, Virginia, Capital One Bank has more than $250 billion in assets and more than 2 million customers. Capital One Bank is a member of the FDIC and is an Equal Housing Lender.
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.