Summary: Current Bank account holders can invest securely in cryptocurrency through trusted and regulated digital asset exchanges. While direct trading services are not provided by Current Bank, it allows users to interact with trading platforms authorized by the Financial Crimes Enforcement Network (FinCEN) that accept deposits in USD.
Based on an extensive analysis of top exchanges, Kraken has been chosen as the best option for Current Bank account holders. This platform, governed under FinCEN regulations in the United States, offers both trading and staking on a comprehensive array of over 200 crypto tokens, at competitive rates in a safe and regulated environment.
Can I Buy Bitcoin with Current Bank?
Absolutely, Current Bank account holders can purchase Bitcoin and several other digital currencies by transferring money to a verified cryptocurrency exchange in the USA. We recommend choosing a trading platform that is registered with FinCEN and relevant financial regulatory agencies. Simply deposit funds from your Current Bank account to a secure exchange to begin swapping USD for crypto assets.
How to Buy Crypto with Current Bank
Current Bank customers interested in digital asset investment can do so through a trusted exchange such as Kraken. As a US-based platform regulated by FinCEN, it enables American investors to buy, sell, trade, and stake a wide variety of over 200 cryptocurrencies. USD deposits from Current Bank can be made to Kraken through ACH, wire transfers, and debit or credit cards.
American investors interested in trading cryptocurrency with Current Bank can follow these simple steps:
- Account Setup: Create an account on Kraken and complete all necessary identity verification.
- Currency Selection: Once you are logged in, go to the deposit section and select your desired currency, such as USD.
- Fund your account: Select a suitable payment method such as ACH transfer, wire transfer, credit or debit card.
- Purchase Cryptocurrency: Lastly, select your preferred coin and confirm the transaction to finalize.

Current Bank Cryptocurrency Policy
Current Bank fosters financial progress while adhering to regulations and taking a positive outlook towards cryptocurrencies. It enables customers to invest in digital currencies through trusted platforms like Kraken, which complies with all U.S. Securities and Exchange Commission (SEC) regulations. Listed as a Money Services Business (MSB) with FinCEN, Kraken operates under Payward, Inc., with MSB Registration No. 31000239561651.
Digital Asset Investing Fees
Understanding the costs linked with cryptocurrency investment is vital for optimizing returns. Every exchange applies certain fees that can impact your investment performance, such as deposit, trading and withdrawal fees. Here is a simplified breakdown of the costs associated with Kraken:
- Spot Trading Expenses: The spot trading fees on Kraken are based on a sliding scale, starting at 0.16% for placing orders and 0.26% for accepting orders. As trading volume rises, these charges can decrease, which could enhance your potential returns.
- Deposit Charges: Crypto deposits on Kraken do not incur charges. However, transferring fiat currency could require minimal fees depending on the method, such as ACH transfers or credit and debit cards.
- Withdrawal Fees: Charges for withdrawal are reasonable, and determined by the type of token being transferred. For instance, withdrawing Bitcoin results in a fee of 0.0005 BTC.
The fees levied by Kraken are reasonable and become more efficient as trading volume increases. Deposit and withdrawal fees are also competitive, making the platform an excellent choice for investors seeking to maximize their returns.
What is Current Bank?
Current Bank (Finco Services, Inc.) is a New York City-based financial services and software development company providing mobile banking services through its partner bank, Choice Financial Group, Member FDIC. Founded in June 2015, the Wall Street Journal reported a valuation of $750 million in 2020, reporting that Current is the latest beneficiary of mobile consumer banking.
Being a fintech entity, Current Bank offers personal and teen checking accounts with the maximum convenience and minimum fuss. It is purpose-built to integrate banking into the digital age, demolishing barriers to financial transactions and empowering people to save and manage their finances. The bank primarily targets younger demographics, including millennials and Gen Z, who are looking for more flexible digital banking options.

Final Thoughts
In conclusion, Current Bank provides a safe and regulated pathway to FinCEN-approved digital asset platforms like Kraken for customers interested in cryptocurrency trading. In offering a broad variety of over 200 crypto tokens, coupled with a dedication to compliance, Kraken is a trustworthy platform that undergoes regular audits to verify that user assets are sufficiently backed.