Crypto Banks
How to Buy Crypto with Merrick Bank

How to Buy Crypto with Merrick Bank

Summary: Merrick Bank does not offer any direct products or services for their customers to buy and sell Bitcoin and cryptocurrencies through its online banking platform. This means that investors will need to use a licensed third-party crypto exchange to deposit USD & buy digital assets.

Our recommended exchange for US investors is eToro. Their platform offers fast and cheap USD deposits via Bank Transfer, Debit Card or Credit Card to trade 70+ cryptocurrencies and thousands of other assets. They are also licensed & regulated in the USA by FINRA & FinCEN, making them a safe place to get started.

Table of Contents

Best Crypto Exchange for Merrick Bank

Platform Highlights

  • Free and fast USD deposits for Merrick Bank customers.
  • Buy and sell 4000+ assets including Crypto, Stocks, and more.
  • Licensed and regulated by both the FinCEN and the FINRA.
eToro - Merrick Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to buy Crypto with Merrick Bank

The easiest way to invest in Bitcoin and digital assets from your Merrick Bank account is through eToro. They offer fast and free US Dollar deposits via bank transfer to trade Cryptocurrencies, Stocks, ETFs, Commodities and many other financial markets.

You can get started with Merrick Bank in 4 simple steps:

  1. Open a free account on eToro and complete the verification requirements.
  2. Click 'Deposit Funds', pick a method, and transfer USD from Merrick Bank.
  3. Go to the search bar, find the token you want to buy, and click 'Trade'.
  4. Enter the amount of USD you want to invest and tap 'Open Trade'.
Merrick Bank Buy Crypto
Buy Crypto with Merrick Bank.

What are the Fees?

The fees to invest in crypto assets like Bitcoin and Ethereum will vary greatly depending on the exchange you use. We recommend eToro because they offer the lowest fees including free USD deposits, zero up-front commissions and industry-leading spreads at around 1%. This is significantly cheaper than alternatives like Coinbase and Kraken who charge over 1.49% in fees to execute a transaction on their platform.

Merrick Bank Cryptocurrency Policy

Merrick Bank is a crypto-friendly financial institution in the United States. They allow their customers to freely trade digital assets and engage in the digital asset ecosystem through DeFi, GameFi, and the Metaverse. If Merrick account holders stick to using licensed exchanges in the US, they will have no problems buying and selling Bitcoin and crypto.

About Merrick Bank

Merrick Bank was founded in 1997 and has been FDIC insured since December 12, 2000. The bank is a top-20 issuer of Mastercard® credit cards for people with limited or no credit history. In addition to credit cards, the bank offers a full suite of banking products and services including: savings accounts, personal loans, and merchant services. It is headquartered in South Jordan, Utah.

Merrick Bank
Merrick Online Banking.

Final Thoughts

Merrick Bank does not offer a direct way to buy Bitcoin and cryptocurrencies. To get started with cryptocurrencies, Merrick customers should create an account on a licensed digital asset trading platform like eToro. From there they can safely deposit funds in US Dollars (USD) to begin buying crypto assets. Make sure to research the risks involved in cryptocurrencies and never invest more than you can afford to lose.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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