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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.
How to buy Crypto with Synchrony Bank Online
The easiest way to buy Bitcoin or cryptocurrency with Synchrony bank is with the Uphold 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:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
- Deposit Funds: Connect your Synchrony Bank account or Debit/Credit Card to quickly deposit USD.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
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.
Final Thoughts
Synchrony Bank does not directly offer cryptocurrency investing services through its online banking platform. However, Synchrony Bank customers are still able to invest in digital assets by transferring funds from their account to an SEC-licensed and regulated crypto exchange such as Uphold. Uphold has fast and cheap USD deposits via Synchrony Bank ACH transfers or Credit/Debit cards, allowing customers to buy and sell over 200 cryptos, stocks, ETFs, metals and more. The platform is licensed and regulated by FinCEN in the USA with an audited proof-of-reserves.
