Can I buy Crypto with Chime Bank?
No, Chime Bank does not offer any cryptocurrency-related services such as crypto trading, crypto savings account, and crypto custody. This is because their banking platform does not support the necessary infrastructure to facilitate digital asset transfers on Ethereum, Solana, Bitcoin, and other blockchains.
Instead, customers of Chime Bank will need to sign up to a licensed and regulated trading platform in the United States to deposit USD and invest in crypto-assets.
How to buy Crypto with Chime Bank Online
The easiest way to buy cryptocurrencies with Chime online is by depositing USD from your account into a trusted brokerage platform. We recommend eToro because they offer fast and cheap US Dollar deposits from Chime to trade over 70 crypto assets.
Follow this simple 4 step guide to get started:
- Step 1: Sign up to the eToro USA trading platform and verify your identity as a US citizen.
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
- Step 3: Select USD and your preferred deposit method via Chime Bank to start buying Crypto (bank transfer, credit card/debit card or PayPal).
- Step 4: Once the USD has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
Chime Bank Crypto Policy
Chime is a crypto-friendly bank that allows its customers in the United States to deposit and withdraw US Dollars from regulated digital asset service providers. This is why we recommend platforms like eToro and suggest avoiding off-shore exchanges like Binance, which may result in getting your bank account frozen.
About Chime Bank
Chime is a mobile-only bank based in San Francisco, California. The company offers a spending account, a Chime Visa® Debit Card, and a Chime Savings Account with no fees whatsoever. According to the company, over 2 million people have joined Chime since its inception in 2013.
The company is safe and regulated by the FDIC (Federal Deposit Insurance Corporation) and all deposits are covered by FDIC insurance up to $250,000 per account holder. SoFi was founded in 2011 by four Stanford University graduates who wanted to create a better way to finance their education. The company is now a leading online lender with over $4 billion in loan volume.