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Buy Crypto with Current Bank

Buy Crypto with Current Bank

Adrian Graham
Fact Checked
Jan 11, 2023

Summary: Current Bank currently offers over 25 cryptocurrencies through its online banking platform to buy, sell and trade. However, it is one of the most expensive ways to invest in the asset class with fees and spreads collectively costing investors as much as 2% per transaction.

As an alternative, we recommend the Uphold platform which is licensed & regulated in the USA by FinCEN. Their exchange offers instant and cheap USD deposits from Current Bank to trade & stake over 250 cryptocurrencies with zero fees and tight spreads. Unlike Current Bank, they provide an audited proof-of-reserves - making them a safer destination to custody your assets.

Table of Contents

Best Crypto Exchange for Current Bank

Platform Highlights

  • Fast and cheap USD deposits via Current Bank to Trade & Stake 250+ Cryptocurrencies.
  • Regulated by FinCEN in the USA with audited Proof-of-Reserves.
  • Feature-rich platform with Crypto Staking and hundreds of Stocks, ETFs & Metals to trade.
Uphold - Current Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Crypto with Current Bank

The best way to buy Bitcoin, Ethereum and other cryptocurrencies with a Current Bank account in the USA is through a FinCEN licensed digital asset exchange. With this method, investors can deposit USD via ACH Transfer, Debit Card, Credit Card and more to safely invest and stake crypto assets.

You can get started in minutes with this simple guide using Uphold, which boasts over 10 million users in the USA:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
  3. Deposit Funds: Connect your Current Bank account or Debit/Credit Card to deposit USD.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit USD from Current Bank to Buy Crypto.
Deposit USD from Current Bank to Buy Crypto.

Is Current Bank Crypto-Friendly?

Current Bank is one of the most crypto-friendly banks in the USA because they are one of very few that offers native services to invest in the asset class. Although their fees are high, investors can use their bank account or debit/credit card to buy Bitcoin and other digital assets with ease. As an extra precaution, make sure you always use a FinCEN-regulated exchange or custodian to keep your crypto assets safe.

What is Current Bank?

Current Bank is a new mobile bank based in the United States that is widely regarded for their savings accounts which offer 4.00% APY on deposits. The digital bank also offers a wide range of services including crypto investing, debit cards, credit cards, high-yield savings accounts, fast loans, and more.

The bank is FDIC insured, which means customers are covered for up to $250,000 in deposits through their partnership with Choice Financial Group. Overall, Current Bank is one of the best and most innovative mobile banks in the USA that is quickly rising in popularity with over 5 million customers in their first few years of operation.

Current Bank
Current Bank.

Final Thoughts

Current Bank provides investors with a safe and easy way to buy, sell and trade over 25 different cryptocurrencies. However, it is one of the more expensive options since they typically charge up to 2% in fees & spreads per transaction.

We recommend using Uphold instead which is licensed & regulated in the USA by FinCEN - offering instant and cheap USD deposits from Current Bank to trade & stake over 250 cryptocurrencies with zero fees and tight spreads. Their platform also provides an audited proof-of-reserves - making them a safe destination to custody your assets.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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