How to Buy Crypto with First Premier Bank
The best way to buy Cryptocurrencies with a First Premier bank account, or with a First Premier Credit Card is through a licensed broker. On review of all online brokers, our research found that eToro is the most compatible exchange for First Premier Bank account holders. They offer over 70 Cryptocurrencies and thousands of other stocks, ETFs and commodities for US investors.
You can get started in 4 simple steps:
- Create an account on eToro and complete your verification (personal or company).
- Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
- Connect your First Premier Bank account or Debit/Credit Card to quickly deposit US Dollars.
- The final step is to find the Cryptocurrency you want to buy and execute your trade.
What are the fees to buy Crypto?
If you use the eToro exchange, there are only two costs that need to be considered, the trading and withdrawal fee. eToro does not charge any fees to deposit USD from First Premier Bank. The withdrawal fee is a flat $5 per transaction and the trading fee is 1% of your total transaction amount. This fee is applied any time you buy or sell a Cryptocurrency.
First Premier Bank Crypto Policy
First Premier Bank has a policy in place regarding Cryptocurrency. The bank allows its customers to hold, buy and sell Cryptocurrencies via approved FINRA-regulated digital asset exchanges. Additionally, it is one of the only banks that allows its customers to use their debit cards to make purchases with merchants who offer Cryptocurrency.
First Premier Bank has a team of experts who monitor the blockchain technology behind Cryptocurrencies to ensure that their customers’ funds are safe on regulated platforms. They also work with law enforcement to prevent and investigate any illegal activity associated with Cryptocurrency.
About First Premier Bank
First Premier Bank is a leading provider of credit products and services for consumers and small businesses in the United States. The bank offers a wide range of credit products, including credit cards, personal loans, home equity loans, and lines of credit. It is a member of the FDIC and is headquartered in Sioux Falls, South Dakota.
The bank is dedicated to helping customers manage their finances and reach their financial goals. It offers a variety of tools and resources to help customers budget, save, and make the most of their money. First Premier Bank also provides educational resources to help customers better understand credit and how to use it responsibly.
To summarize, First Premier Bank does not directly offer Cryptocurrency-investing services but does allow its customers to buy Crypto assets through licensed exchanges in the US. After carefully comparing the top platforms in the country, we found eToro was the best choice for First Premier customers as it offers free USD deposits to buy and sell over 4000 assets including Crypto.