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Can I buy Crypto on SunTrust Online Banking?

As at time of writing, SunTrust does not offer any native services for their customers to buy or sell cryptocurrencies like Bitcoin, Ethereum or Solana. This ultimately means that SunTrust account holders will need to sign up to a regulated digital asset trading platform in the United States to deposit US Dollars and start investing.

SunTrust Bank also does not have any plans in the near future to implement a cryptocurrency exchange into their banking services, so it may be best to not wait around!

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How to buy Crypto with SunTrust Bank

The cheapest and fastest way to buy Bitcoin and other cryptocurrencies with a SunTrust Bank account is through eToro. They offer instant USD deposits and zero commissions on trading for digital assets.

Their platform also allows you to invest in stocks, commodities and other ETFs, which means that you can do much more than just crypto trading. We tend to prefer this platform to competitors like Coinbase for this reason (also because Coinbase fees are incredibly high!).

Follow the guide below to get started.

  1. Sign up to eToro USA
  2. Deposit your USD from SunTrust Bank via ACH Transfer
  3. Find the cryptocurrency you want to buy
  4. Input the USD amount and buy

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SunTrust Bank

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SunTrust Bank Cryptocurrency Policy

SunTrust Bank does not have any internal banking policies that prohibit their customers from depositing or withdrawing from licensed cryptocurrency exchanges. This ultimately means it is safe to deposit USD into platforms like eToro without having to worry about your account or funds being frozen.

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SunTrust Bank Fees

The eToro platform operates primarily in US Dollars, which means there are no USD deposit fees from major banks like SunTrust. Between the deposit fees, and zero commissions on trading - the eToro platform is the lowest cost cryptocurrency and stock brokerage available on the market.

Visit eToro
Posted 
Jan 17, 2022
 in 
Crypto Banks
 category

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