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Buy Crypto with Silicon Valley Bank

Buy Crypto with Silicon Valley Bank

Fact Checked
January 27, 2023
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Summary: Silicon Valley Bank does not currently offer any products or services that enables its customers to buy cryptocurrencies through its online banking platform. This means that investors in the USA will need to sign up to a licensed and regulated trading platform to deposit US Dollars to buy digital assets.

Our top pick for Silicon Valley Bank account holders is Uphold. They are a FinCEN licensed platform that offers instant and free US Dollar deposits via ACH Transfer to buy, sell and stake 300+ cryptocurrencies with zero fees and tight spreads.

Table of Contents

Best Crypto Exchange for Silicon Valley Bank

Platform Highlights

  • Free and instant USD deposits via Silicon Valley Bank to Trade & Stake 250+ Cryptocurrencies.
  • Regulated by the FinCEN & SEC in the USA with audited Proof-of-Reserves.
  • Feature-rich platform with Crypto Staking, a Crypto Card, DCA-investing and much more.
Uphold - Silicon Valley Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Bitcoin and Crypto with Silicon Valley Bank

As outlined above, the best way to invest in cryptocurrencies with a Silicon Valley Bank account is through a regulated exchange in the United States. With this method, investors can easily deposit USD from their SVB accounts to buy, trade and stake a variety of digital assets on a secure platform.

We recommend Uphold because they are licensed and trusted by over 10 million users in the USA thanks to their great user experience, wide selection of assets and low fees. Here is our step-by-step guide to getting started:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on Uphold (USD + 30 more).
  3. Deposit Funds: Connect your Silicon Valley Bank account or Debit/Credit Card to quickly deposit US Dollars.
  4. Buy Crypto: The final step is to find the crypto you want to buy and execute your trade.
Buy Crypto with Silicon Valley Bank
Buy Crypto with a Silicon Valley Bank account.

Is Silicon Valley Bank Crypto-Friendly?

Yes, Silicon Valley Bank allows its retail and institutional customers to withdraw USD from their bank accounts to regulated cryptocurrency exchanges in the country to invest in the asset class.  However, the bank does not offer any cryptocurrency products or services such as Bitcoin exchanges, wallets or custodial services.

Nevertheless, SVB remains committed to fostering innovation and helping its customers explore digital assets legally. To this end, the institution is actively exploring ways to expand its role in the crypto industry and continue providing value for customers.

What is Silicon Valley Bank?

Silicon Valley Bank (SVB) is a commercial bank that provides a range of financial services to technology and life science companies, venture capital firms, and other investors. The bank was founded in 1983 and is headquartered in Santa Clara, California. It has locations throughout the United States, as well as in China, India, Israel, and the United Kingdom.

SVB offers a variety of services to its clients, including:

  • Business banking services, such as checking and savings accounts, credit and debit cards, and online banking
  • Treasury management services, such as cash management, online banking, and remote deposit capture
  • Commercial lending services, such as term loans and lines of credit
  • International banking services, such as foreign exchange and international wire transfers
  • Capital market services, such as equity and debt financing, and investment banking
  • Private banking services, such as wealth management and trust services
Silicon Valley Online Banking
Silicon Valley Online Banking.

Final Thoughts

Silicon Valley Bank is a trusted financial institution that provides a variety of products and services to its clients. While the bank does not currently offer any cryptocurrency-related services, it remains committed to exploring ways to expand its role in the crypto industry. Investors in the USA can use Uphold or another licensed exchange platform to easily deposit US Dollars from their SVB accounts to buy and trade digital assets.

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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