How to Buy Crypto with Truist Bank
The safest and easiest way to buy Bitcoin, Ethereum and other cryptocurrencies with a Truist account is through a regulated crypto broker in the USA. With this method, customers can transfer US Dollars (USD) from their Truist Bank accounts via ACH Transfer, Credit Card or Debit Card to securely invest in digital assets.
Our recommended exchange for Truist Bank accounts is Uphold because they offer fast & cheap US Dollar deposits to trade & stake 200 crypto assets on their regulate platform. You can get started in 4 simple steps with our 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 Truist 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.
Truist Bank Crypto Policy
As at time of writing, Truist Bank does not have any adverse policies that would prohibit their customers from depositing US Dollars into a cryptocurrency exchange. This means that you do not need to worry about the possibility of the bank freezing your funds, or account at Truist Bank.
Generally across the United States banks have become a lot more friendly towards cryptocurrencies, and many expect Truist Bank to offer crypto to their customers later in 2023.
About Truist Bank
Truist Bank, formerly SunTrust Bank, is a bank headquartered in Atlanta, Georgia that provides financial services for consumers and businesses in the United States. The company operates 2,200 branches and over 4,000 ATMs across 11 southeastern states.
Truist Bank offers a variety of deposit products including checking accounts, savings accounts, money market accounts and certificates of deposit (CDs). For consumers, the bank also offers personal loans, home equity loans and lines of credit, auto loans and credit cards. In addition, the bank provides a range of services for businesses including small business loans, commercial real estate financing, lines of credit and Treasury management services.
The company's history dates back to 1891 when it was founded as the Commercial Travelers' Savings Bank. In 1902, the bank changed its name to SunTrust Bank and in 1993, the company acquired Crestar Financial Corporation, expanding its operations into Virginia and Washington, D.C. In December 2019, SunTrust announced it would merge with BB&T to form Truist Financial Corporation. The merger was completed in September 2020.
Truist Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is an Equal Housing Lender.
In conclusion, Truist Bank does not currently offer a direct way to buy or sell cryptocurrencies through their online banking platform. However, users can transfer USD from their Truist Bank account to a regulated crypto broker to invest in digital assets. Our top recommendation for Truist Bank users is Uphold, as they offer a fast and cheap ACH transfer option, as well as a secure and feature-rich platform with low fees.