Buy Crypto with First Horizon Bank

Can I Buy Bitcoin with First Horizon Bank?

Currently, First Horizon Bank does not provide a straightforward option for its clients to trade in cryptocurrencies, including Bitcoin. However, First Horizon does not prevent its account holders from purchasing crypto via licensed U.S. exchanges. Customers are encouraged to select an exchange that is approved by regulatory agencies such as the Financial Crimes Enforcement Network (FinCEN), providing assurance of the platform's security and its compliance with U.S. rules regarding digital assets.

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How to Buy Bitcoin and Crypto with First Horizon Bank

The easiest way to invest in Bitcoin, Ethereum and other cryptocurrencies with a First Horizon Bank account is with a licensed exchange that accepts ACH transfers. We recommend the eToro crypto broker because they offer instant and free USD deposits via ACH, debit card or credit card from a First Horizon bank account. They are also a well-regulated and audited platform that are safe for investors to use as a custodian of their funds.

You can get started in 4 simple steps:

1. Create an account on eToro and complete your verification (personal or company).
2. Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
3. Connect your First Horizon Bank account or Debit/Credit Card to quickly deposit US Dollars.‍
4. The final step is to find the Cryptocurrency you want to buy and execute your trade.

Is First Horizon Bank Crypto-Friendly?

First Horizon Bank, a prominent banking institution in the United States, adopts a measured approach towards cryptocurrencies. They permit their customers to partake in digital asset investments via cryptocurrency intermediaries that have received approval from the FinCEN. This provides an important avenue to hedge against potential uncertainties in conventional banking sectors, as well as to diversify portfolios with Bitcoin and other digital assets.

Clients of First Horizon can conveniently enter the cryptocurrency markets through verified platforms such as eToro and Uphold, which enable swift and secure funding in USD via ACH transfers, debit cards, or credit cards.

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About First Horizon Bank

First Horizon Bank is a regional banking institution that serves customers in the southeastern United States. The bank operates more than 200 branches in Tennessee, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, and South Carolina. First Horizon Bank is a subsidiary of First Horizon National Corporation (NYSE: FHN), a leading financial services company headquartered in Memphis, Tennessee

First Horizon offers a full range of banking products and services for personal and business customers, including checking and savings accounts, loans and credit products, online and mobile banking, and more.  The bank also offers a variety of specialized services, such as investment and wealth management, trust and estate planning, and commercial banking.

Final Thoughts

In conclusion, although First Horizon Bank does not directly support cryptocurrency trading, they do allow their clients to invest in cryptocurrencies, like Bitcoin, through approved exchanges such as eToro and Uphold. These regulated platforms provide a safe, straightforward way to buy digital assets using First Horizon Bank accounts.

Despite a measured approach to cryptocurrencies, First Horizon Bank's stance offers its customers an opportunity to diversify their investments and explore the expanding world of digital assets. As the financial landscape continues to evolve, the interaction between traditional banking and crypto markets will be an area to watch.