Crypto Banks
How to buy Crypto with Synchrony Bank

How to buy Crypto with Synchrony Bank

Adrian Graham
Fact Checked
Aug 16, 2022

Summary: The easiest way to buy Crypto with Synchrony Bank Online is by depositing US Dollars (USD) into a licensed and regulated digital currency exchange.

We recommend a platform like eToro US because they offer fast and free USD deposits from your Synchrony Online login.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and Cheap US Dollar deposits from US Banks and ACH Transfer.
  • Trade over 70 Cryptocurrencies on a trusted and regulated platform with low fees.
  • Special Offer: Deposit $100 and get $10 Free.

Can I buy Crypto with Synchrony Bank?

Synchrony Bank does not currently offer any services that enable its customers to buy or sell Bitcoin, and other cryptocurrencies. This is because their Online Banking platform does not support digital asset infrastructure like custodial wallets, or token exchanges.

The best way to buy Crypto with Synchrony Bank online is by depositing USD from your account to an SEC-licensed and regulated platform in the USA.

Synchrony Bank

How to buy Crypto with Synchrony Bank Online

The easiest way to buy Bitcoin or cryptocurrency with Synchrony bank is with the eToro US trading platform. They let you deposit USD with low fees from Synchrony to buy or sell Cryptocurrencies, Stocks, Commodities, ETFs, Bonds, and more. Their platform also has the lowest trading fees at zero percent.

You can get started with this simple guide:

Step 1: Sign up to the eToro US Trading platform and verify your information.

Step 2: Select the Deposit Funds button at the bottom of your eToro dashboard.

Synchrony Bank eToro

Step 3: Select Bank Transfer and USD as your preferred payment methods.

Deposit USD Synchrony

Step 4: Login to your Synchrony Bank account and transfer USD to the unique deposit details provided to you by eToro.

Synchrony Bank to eToro

Step 5: Navigate through the eToro trading platform and buy any listed asset or cryptocurrency.

Is Synchrony Bank Crypto-Friendly?

Synchrony Bank is a crypto-friendly cryptocurrency exchange that allows its customers to buy and sell digital assets. Their platform does not freeze customer accounts for depositing USD into licensed and regulated trading platforms under the US Securities and Exchange Commission.

What is Synchrony Bank?

Synchrony Bank is one of the largest banks in the United States. The bank offers a wide range of services including checking, savings, and investments. The bank has over 12 million customers and operates in all 50 states. Synchrony Bank is FDIC insured and is a member of the Federal Reserve System. The bank was founded in 1988 and is headquartered in Stamford, Connecticut.

The bank has a wide network of branches and ATMs across the country. The customer service number for Synchrony Bank is 1-800-869-3557. The customer service hours are Monday to Friday from 8:00 am to 8:00 pm ET.

Synchrony USD Deposit Fees

Customers will need to pay a small fee of 0.5% to deposit USD into their eToro online trading account. They are the best crypto exchange in the USA and are significantly cheaper than competitors like Coinbase, who charge up to 2.99% and are notorious for their excessive charges.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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