Summary: Capital One currently doesn't facilitate direct cryptocurrency purchases. However, it enables customers to transfer USD from their accounts or Capital One credit cards to a regulated digital asset exchange for crypto transactions.

Our seasoned team evaluated 30 potential exchanges for Capital One customers, considering features, fees, asset variety, security, and customer support. We concluded that eToro leads the pack in the US, offering free, immediate deposits via bank transfers and credit/debit card transactions.

Best Crypto Exchange for Capital One Bank

Platform Highlights

  • Free and fast USD deposits for Capital One customers to buy and sell Crypto.
  • Invest 4000+ assets which include Crypto, Stocks, Indices, Commodities, and more.
  • Licensed with FinCEN as a Money Services Business & is a registered member of FINRA.
eToro - Capital One
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Table of Contents

Can I Buy Crypto with Capital One?

Currently, Capital One does not support purchasing, trading, or holding digital currencies through their online banking system, mobile app, or at any of their branch locations. To invest in cryptocurrencies like Bitcoin and Ethereum, it's recommended to use a reputable, regulated cryptocurrency exchange within the United States. Once you've deposited US dollars into the selected platform, you can securely buy, sell, and trade digital assets in compliance with US regulations.

How to Buy Bitcoin and Crypto with Capital One

For those with Capital One accounts who are interested in the world of cryptocurrency investment, we recommend exploring a trustworthy digital asset platform such as eToro. Capital One account holders can conveniently purchase and sell cryptocurrencies by transferring USD directly from their accounts to eToro. A plethora of payment options are available, encompassing PayPal, Skrill, Bank Transfers, ACH, and even Capital One Credit Cards.

Here is a concise guide to embarking on your cryptocurrency investment venture using your Capital One online account:

  1. Create a free account on eToro and complete the signup process.
  2. Tap 'Deposit Funds', select a method, and transfer USD from Capital One.
  3. Go to the search bar, find the token you want to buy, and tap 'Trade'.
  4. Input the amount you want to invest in the token and tap 'Open Trade'.
How to buy Crypto with Capital One.

Capital One Cryptocurrency Policy

Capital One is a bank that embraces cryptocurrency transactions, enabling its customers to transfer USD into approved and regulated exchanges. Consequently, customers can lawfully purchase, sell, and trade digital assets on platforms like eToro or other exchanges accredited by the US financial regulators.

However, it's crucial to clarify that while Capital One facilitates these transactions, it does not currently provide any specific products or services related to cryptocurrencies and has no immediate plans to introduce such offerings.

Fees to Buy Crypto

The cost to invest in digital assets through eToro is relatively low when compared to other popular exchanges like Coinbase which charge up to an excess of 4% on deposits. eToro doesn't charge anything to deposit funds to its exchange and withdrawals are capped at $5 per transaction. As for the trading (buy/sell) fee, it is 1% for Cryptocurrency and completely free for stocks and ETFs.

About Capital One

Capital One is a multinational financial institution based in the United States. Founded in 1994, it offers a range of banking products and services to individuals, small businesses, and commercial clients. These include credit cards, auto loans, home loans, banking, and investment services. It is known for its technological innovations, such as its online banking platform and mobile app.

In addition to its products and services, Capital One is committed to corporate social responsibility and sustainability. The company has implemented various initiatives to reduce its overall environmental footprint and support communities in need. It has also won a variety of awards including the Forbes 50th most valuable brand in the world, with an estimated brand value of $17.5 billion.

Capital One.

Final Thoughts

In summary, while Capital One doesn't provide direct crypto services, it allows USD transfers to regulated exchanges like eToro. Capital One customers can seamlessly start their crypto journey using various payment methods, including their credit cards. Even without offering crypto-specific services, Capital One supports legal crypto investments. eToro, with lower fees, is a recommended platform for trading digital assets for Capital One customers stepping into the crypto realm.

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