Summary: Truist Bank acts as a dependable entry point for customers interested in venturing into the cryptocurrency landscape. While the bank doesn't handle cryptocurrency trading, it assists clients in connecting with digital asset exchanges that accept USD deposits. Once you've securely moved your funds to a trusted platform, you can trade various cryptocurrencies.
After a comprehensive evaluation of leading exchanges, we recommend Kraken for Truist Bank customers. Kraken boasts an extensive range of over 200 cryptocurrencies suitable for both trading and staking activities. Based in the United States and operating under the jurisdiction of U.S. financial regulatory agencies, Kraken supports free USD deposits.
- Instant and free USD deposits from Truist Bank via ACH, bank transfer, credit cards and more.
- Trade and stake over 200 crypto assets with industry-leading fees and tight spreads.
- Registered as a Money Services Business with Financial Crimes Enforcement Network (FinCEN).
Can I Buy Bitcoin with Truist Bank?
Certainly, Truist Bank account holders have the ability to buy Bitcoin along with various other cryptocurrencies. To proceed, locate a trustworthy crypto exchange in the United States that complies with regulations set forth by the Financial Crimes Enforcement Network (FinCEN) and additional oversight agencies. You can effortlessly transfer your USD from your Truist Bank account or credit card to a secure trading environment for cryptocurrency transactions.
How to Buy Crypto with Truist Bank
For Truist Bank customers interested in stepping into the cryptocurrency market, a regulated digital asset exchange like Kraken is an excellent choice. Kraken is regulated by FinCEN in the United States and offers a platform for purchasing, trading, and holding a broad range of over 200 digital currencies at competitive rates. You can easily deposit USD from your Truist Bank account using multiple options such as ACH, wire transfers, and debit or credit cards.
If you're a U.S.-based investor keen on trading various cryptocurrencies via your Truist Bank account, here's a straightforward guide to help you:
- Open an Account: Your first move is to create an account on Kraken. Complete the necessary identity verification steps, which apply to both individual and business accounts.
- Choose Your Currency: After you've logged in, proceed to the deposit section and select your preferred currency, usually USD.
- Fund Your Account: Choose your ideal payment method, whether an ACH transfer, wire transfer, or credit card. Follow through with the deposit using your Truist Bank account.
- Purchase Cryptocurrency: The final step is to select the cryptocurrency you're interested in. Confirm your selection to wrap up the transaction.
Truist Bank Cryptocurrency Policy
Truist Bank takes a progressive view on cryptocurrencies and allows customers access to the evolving world of digital currencies through established platforms like Kraken. Kraken is fully aligned with the U.S. Securities and Exchange Commission (SEC) regulations and is a registered Money Services Business with FinCEN, operating under the corporate structure of Payward, Inc., with MSB Registration No. 31000239561651.
What is 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. 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. Truist Bank is a member of the Federal Deposit Insurance Corporation (FDIC) and is an Equal Housing Lender.
To recap, Truist Bank facilitates a smooth transition for its customers to reputable digital asset exchanges that accept USD deposits, such as Kraken. With its robust selection of over 200 cryptocurrencies, low fees, simple UI, 24/7 customer support, and stringent adherence to U.S. financial regulation, it’s our top recommendation for Truist Bank customers. To learn more about this platform, visit our detailed Kraken Review.