Key Takeaway: Comenity Bank does not directly offer any products or services which enable customers to buy and sell cryptocurrencies through their online banking platform. Comenity users will need to sign up to a FINRA-licensed exchange to deposit USD if they want to invest in digital assets.
If you are looking to get started quickly, we recommend the eToro US broker because they offer fast and cheap US Dollar deposits via Comenity Bank and Comenity Mastercard.
- 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.
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How to Buy Crypto with Comenity Bank
The easiest way to invest in cryptocurrencies with a Comenity Bank account is through a licensed digital asset trading platform. With this method, customers can deposit US Dollars via ACH transfer or Comenity Mastercard deposit to buy and sell cryptos like Bitcoin and Ethereum.
In the 4-step guide below, we outline how to get started with eToro, which is a leading brokerage in the USA with over 18 million users.
- 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 with Comenity Bank.
- Find your Crypto: Once your account is funded, find the crypto-asset you want to buy.
- Execute your trade: Input the USD amount you want to invest and execute your trade.
Comenity Bank Crypto Policy
Comenity Bank has a policy in place regarding cryptocurrency. The bank does not currently allow the use of credit cards to purchase cryptocurrency. In addition, Comenity Bank does not allow customers to use debit cards or checking accounts to buy cryptocurrency. However, customers are able to use their Comenity Bank savings account to do so. This policy may be subject to change in the future.
Comenity Bank's policy on cryptocurrency is designed to protect customers from the volatile nature of the market. By prohibiting the use of credit and debit cards, the bank ensures that customers cannot overspend on cryptocurrencies and rack up large amounts of debt. The savings account policy allows customers to still invest in cryptocurrency if they choose to do so, but limits their exposure to the market.
About Comenity Bank
Comenity Bank is a retail bank that provides credit card services to consumers through more than 150 retailers across the United States. The company offers a variety of credit cards with different reward programs and interest rates. Comenity Bank is headquartered in Columbus, Ohio and is a member of the FDIC and an Equal Housing Lender.
The company was founded in 1831 as The Commercial National Bank of Cincinnati. In 1994, the bank changed its name to Comenity Bank.
The bank offers a variety of credit cards, including cards for retail stores, restaurants, gas stations, and more. The company also offers a variety of personal loans, including home equity loans and lines of credit. If you're looking for a credit card from Comenity Bank, make sure to compare offers and terms before applying. You can use our credit card comparison tool to find the best credit card for your needs.