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