Summary: Comenity Bank does not offer a cryptocurrency-investing feature to its customers. However, its clients can deposit USD to a licensed and regulated digital asset exchange in the US to invest in crypto. The exchange must be regulated by the country's regulatory authorities, such as FinCEN or FINRA to ensure regulatory compliance in the country.
After evaluating dozens of crypto trading platforms, our experts found eToro as the number one option for Comenity Bank clients. It offers all the popular cryptocurrencies like Bitcoin and thousands of other assets, such as stocks, ETFs, indices, commodities, and fiat currencies. eToro is widely regarded as the most secure and trusted trading platform in the country.
Best Exchange for US Banks
Platform Highlights
- 3,000+ Cryptos, Stocks, Commodities, ETFs & More.
- Globally licensed trading platform the FINRA & FinCEN.
- Low trading fees and tight spreads on all assets.
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Can I Buy Bitcoin with Comenity Bank?
Comenity Bank does not permit buying cryptocurrencies like Bitcoin with its credit card but allows users to invest in digital assets through other methods. The best way to buy Bitcoin or other tokens is through a licensed cryptocurrency exchange in the United States. It is important to exercise caution and only use a FinCEN or FINRA-regulated crypto trading platform.
How to Buy Bitcoin and Crypto with Comenity Bank
The easiest and fastest way for Comenity Bank customers to buy Bitcoin and other cryptocurrencies is through a trusted digital asset exchange in the US, such as eToro. The platform accepts USD deposits via credit/debit cards, bank transfers, PayPal, Neteller, and Skrill.
Comenity Bank customers can start trading crypto with this quick guide:
- Create an account with eToro US trading platform and provide identification.
- Click the 'Deposit Funds' button and pick USD as your fiat currency.
- Select a payment method and deposit USD from Comenity Bank.
- Find the token you want in the search bar and execute the trade.
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Is Comenity Bank Crypto-friendly?
Yes, it is considered a crypto-friendly bank, and it allows its users to invest in digital assets through regulated cryptocurrency exchanges. There may be some restrictions on certain cards, we recommend checking with Comenity Bank before making any crypto purchases.
What Is Comenity Bank?
Comenity Bank is a subsidiary of Bread Financial (formerly Alliance Data System Corporation). It is a retail bank that provides credit card services. Its parent company offers a variety of credit card and loyalty programs. It is headquartered in Columbus, Ohio, and is a member of the FDIC. With Comenity credit card, customers can maintain the account and make payments online. Many exclusive perks, including cashback, come with the credit card.
Final Thoughts
To wrap up, Comenity Bank does not offer a cryptocurrency investing feature to its customers. However, they may be able to purchase crypto assets like Bitcoin or Ethereum through a regulated digital asset exchange in the US. Our expert analysis revealed eToro as the best option for Comenity clients, as it allows exposure to various asset classes, has low fees, and provides a secure environment to invest in cryptocurrencies.
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Author
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
