Summary: Yes, you can buy Bitcoin with a Chase Bank account. The best way to do this is to connect your Chase Bank Online account to a cryptocurrency exchange.

We recommend eToro because they are regulated in the USA, have fast USD deposit methods for Chase Bank and zero fees to buy or sell crypto.

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Can I buy Bitcoin with Chase Bank?

Chase Bank and J.P. Morgan Securities both do not offer their clients the ability to buy or sell cryptocurrencies like Bitcoin, Ethereum, Solana, Avalanche and Dogecoin in the United States. However, as a Chase Bank account holder you can connect your bank account to a trusted cryptocurrency exchange in the USA like eToro.

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How to buy Crypto with Chase Bank

As mentioned earlier, we recommend a trusted cryptocurrency exchange like eToro to start your investing journey. They allow you to deposit US Dollars from a Chase Bank Account instantly and with very low deposit fees.

Their platform is licensed in the United States and enables you to buy or sell cryptocurrencies, stocks, ETFs, commodities and more with USD for low fees. The guide below is a high level overview on how to get started.

Step One: Sign up to eToro US and complete your identity verification.

Step Two: Select the 'Deposit Funds' button at the bottom left of your eToro Dashboard.

Deposit Funds from Chase Bank onto eToro

Step Three: Select 'Bank Transfer' as your preferred deposit method and USD as your currency.

USD Bank Transfer from Chase Online

Step Four: Send USD to the unique deposit details provided to you by eToro. The image below is an example, and will not be the one you need to use.

Chase bank deposit details

Step Five: Your USD deposit should arrive shortly after you complete your bank transfer from Chase Online. Once you receive the USD, you will be able to buy any Crypto or Stock listed on eToro.

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Chase Bank Cryptocurrency Policy

JPMorgan Chase Bank CEO Jamie Dimon has historically flip flopped on his positioning with respect to cryptocurrency since it broke the mainstream in 2017. However, his most recent views are more bullish toward the digital asset space which ultimately means Chase Bank account holders can freely transact with regulated cryptocurrency exchanges.

Back in 2017, the were some issues with Chase Bank freezing client funds if they were caught transferring US Dollars into some cryptocurrency exchanges. That has since cleared and ultimately enables account holders to seamlessly get access to crypto.

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Can I buy Crypto with Chase Quickpay?

The only reliable way to buy Bitcoin or cryptocurrencies with Chase Quickpay is through a peer-to-peer exchange like Paxful or Local Bitcoins. This will link you up with a direct seller who will connect with you to setup the Bitcoin transfer.

This way has a lot of risks because you're dealing with random individuals, so we recommend sticking to secure and regulated crypto platforms in the USA.

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Trading and Bank Fees

The fees you need to consider as a Chase account holder to start buying digital assets are deposit fees and trading fees.

When you deposit USD from your Chase account into some platforms like eToro, it will be completely free. The next fee you will be charged is after your deposit USD onto the exchange when you buy cryptocurrency. Fortunately for eToro users, and some other exchanges like Robinhood, there are no commissions on transactions.

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Posted 
Mar 25, 2022
 in 
Crypto Banks
 category

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