How to Buy Crypto with Old National Bank

Can I Buy Bitcoin with Old National Bank?

Yes, while Old National Bank does not directly offer digital asset investments on its banking platform, it streamlines the transfer of funds to authorized cryptocurrency exchanges in the United States. This way, its clients can easily purchase Bitcoin and other tokens. However, choosing an exchange that complies with the Financial Crimes Enforcement Network (FinCEN) standards is the key to ensuring adherence to relevant U.S. laws and national standards.

‍

How to Buy Crypto with Old National Bank

We advise using a FinCEN-registered exchange for secure cryptocurrency investments. eToro is the preferred choice for Old National Bank customers, recognized for its efficient USD deposit process. Clients have the flexibility to fund their accounts through various methods, including bank transfers, credit cards, PayPal, Skrill, or Neteller. Then, they can diversify their portfolios across a wide range of tokens, including trending coins like Pepe, Stellar, Solana, and more.

For those new to crypto trading, here is a quick guide with four simple steps:

1. Account Registration: Sign up on eToro and follow the verification steps.
2. Balance Funding: Select 'Deposit Funds,' choose a payment method, and transfer USD from your Old National Bank account.
3. Coin Selection: Browse and select the digital currency you wish to invest in, then click 'Trade.'
4. Investment Conclusion: Specify the USD amount and complete the process by clicking 'Open Trade.'

Old National Bank Cryptocurrency Policy

Old National Bank adopts a progressive approach toward cryptocurrencies by partnering with external exchanges that meet Financial Crimes Enforcement Network standards. This way, it facilitates its customers' foray into digital asset trading. Our recommendation for this purpose is eToro, a FinCEN-registered platform located at 221 River Street, 9th Floor, Hoboken, NJ 07030, USA. By adhering to U.S. financial regulations, eToro guarantees a safe and compliant investment environment for its clients in the United States.

‍

Digital Asset Investing Fees

Understanding the fee structure for digital asset trading is crucial for Old National Bank clients looking to invest wisely in cryptocurrencies. Here's an outline of typical costs encountered in this market:

• Deposit Fees: Adding funds to your trading account incurs expenses that depend on your selected payment method. Typically, methods like bank or ACH transfers are less expensive than credit or debit card options, which may charge above 2%.
• Trading Commission: On platforms like eToro, you're likely to encounter a fee of around 1% for each transaction, whether buying or selling digital assets. This cost contributes to the exchange's operational expenses, including trade facilitation.
• Withdrawal Costs: The charge for withdrawing tokens from the exchange usually depends on the specific asset. For example, Bitcoin often comes with a standard rate of approximately 0.0005 BTC.

eToro is the prime choice for American customers exploring options in digital currency investments. It boasts a wide range of crypto assets and maintains low fees. Furthermore, it's regulated by several financial authorities in the United States, assuring a secure and reliable trading environment for its major user base.

‍

What is Old National Bank?

Old National Bank is a regional financial institution with a rich history dating back to 1834. It’s one of the largest banks in the Midwest, headquartered in Evansville, Indiana, United States. Old National Bank serves diverse clients across several states, including Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. It offers a comprehensive range of financial services, including personal and commercial banking, wealth management, and mortgage solutions.

The bank is committed to ethical practices and satisfying its customers’ needs, which have earned it a strong reputation for reliability and trustworthiness. In addition, its emphasis on combining traditional banking values with modern technology ensures Old National Bank remains a relevant and progressive choice in the dynamic financial landscape of the U.S.

Final Thoughts

To conclude, Old National Bank effectively bridges the gap between traditional banking and the burgeoning world of cryptocurrency. By facilitating transfers to FinCEN-registered digital asset exchanges, the bank empowers its clients to securely and compliantly convert their funds into various tokens. Our comprehensive analysis points to eToro as the ideal platform in this regard, which excels with its instant and free USD deposits, range of digital currencies, and seamless interface, suitable for experienced traders and crypto newbies alike.