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Can I buy Crypto on Flagstar Bank?
As previously stated, Flagstar Bank does not offer any services to buy, sell or store digital assets on its online banking portal, mobile app, or through a physical branch. This means that customers will need to sign up to a FinCEN-licensed digital asset exchange to buy Crypto. With this method, Flagstar Bank customers can deposit USD to a platform to buy and sell Cryptocurrencies.
How to buy Crypto with Flagstar Bank
The most secure and affordable way to buy Cryptocurrencies with a Flagstar Bank account or card is by going through Uphold. They offer free and instant USD deposits to Flagstar Bank customers via multiple payment methods including Bank Transfer, Debit Card, Credit Card, ACH, Google Pay, and Apple Pay.
Begin trading over 250 Cryptocurrencies on Uphold with this simple guide:
- Open a free account on Uphold with your email and complete the verification process.
- Connect your Flagstar Bank account or card to Uphold by selecting USD as your fiat currency.
- You can then select the 'connect bank' button to link your Flagstar account to Uphold.
- Find the Cryptocurrency you want to buy and execute your trade.
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Is Flagstar Bank Crypto Friendly?
Flagstar Bank is one of the few remaining major banks in the United States that has not taken a public stance on Cryptocurrency. This leaves many Crypto enthusiasts wondering if Flagstar Bank is Crypto-friendly. The short answer is that we don't know. Although, there is nothing stated in the bank's policies that prohibit its customers from buying or selling digital assets with their funds.
However, there are a few clues that suggest Flagstar may be Crypto-friendly. For one, the bank is a member of the Blockchain Consortium, which is a group of banks and financial institutions that are exploring blockchain technology. They do allow customers to withdraw USD onto licensed and regulated trading platforms like Uphold, so your funds are safe in that regard.
About Flagstar Bank
Flagstar Bank is a US-based bank that was founded in 1987 and is headquartered in Troy, Michigan. Flagstar Bank offers personal banking services such as checking and savings accounts, loans, credit cards, and mortgages. The bank also offers business banking services including commercial loans, treasury management services, and merchant services.
Customers can access Flagstar Bank's services through their online banking platform or through their network of branches and ATMs located throughout the United States. Flagstar Bank has over 160 branches across the country, with a strong presence in the Midwest and Northeast regions.
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Final Thoughts
Flagstar Bank does not offer any direct services to buy or sell Cryptocurrencies, but its customers can still access the Crypto market by going through a secure and regulated platform such as Uphold. This allows Flagstar Bank customers to start their Crypto journey today with free USD deposits to trade over 250 Cryptocurrencies including Bitcoin and Ethereum.
