Summary: Wells Fargo does not offer cryptocurrency investing and trading as a product or service on their online banking platform. That said, they do allow customers to transfer funds from their bank accounts to FinCEN-licensed crypto exchanges in the country to invest in the asset class.
Our top pick for Wells Fargo account holders is eToro as it offers free and instant USD deposits, plus significantly lower trading fees than alternatives like Coinbase. The eToro exchange is licensed and regulated by FinCEN and FINRA, making them a safe way to get started.
Best Crypto Exchange for Wells Fargo
Platform Highlights
- Free and instant US Dollar deposits for Wells Fargo customers.
- Trade 4000+ assets including Crypto, Stocks, Commodities and more.
- Licensed with FinCEN as a Money Services Business & is a member of FINRA.
Can I Buy Crypto with Wells Fargo?
Currently, Wells Fargo does not support cryptocurrency investments due to the absence of a dedicated infrastructure for digital asset trading and custody. This means clients cannot acquire or hold cryptocurrencies like Bitcoin or Ethereum using their online banking services.
For those interested in investing in cryptocurrencies, Wells Fargo customers should register with a reputable digital asset exchange in the United States, regulated by the Securities and Exchange Commission (SEC), and deposit US dollars to begin their crypto journey.
How to Buy Bitcoin Crypto with Wells Fargo Bank
For Wells Fargo account holders looking to invest in cryptocurrencies, we suggest utilizing a reliable digital asset exchange such as eToro for buying and selling crypto. In order to acquire digital assets, Wells Fargo customers can transfer USD from their accounts to eToro using various payment options including PayPal, Skrill, Neteller, Credit/Debit Card, Bank Transfers, or ACH.
The following outline offers a brief insight into initiating your crypto investment journey through your Wells Fargo Online account:
- Create a free account on eToro and complete the signup process.
- Tap 'Deposit Funds', select a method, and transfer USD from Wells Fargo.
- Go to the search bar, find the Cryptocurrency you want to buy, and tap 'Trade'.
- Input the amount you want to invest in the token and tap 'Open Trade'.

Is Wells Fargo Crypto-Friendly?
Wells Fargo has not taken an official position on cryptocurrencies. However, the bank has indicated that it is closely monitoring developments in the cryptocurrency market and is open to the potential use of cryptocurrencies in the future.
It is important to note that Wells Fargo, like other US banks, does not have any internal banking policies that prohibits their customers from using regulated cryptocurrency exchanges in the United States. This ultimately means that you can freely deposit and withdraw US Dollars into secure and trusted exchanges.
Wells Fargo Crypto Fund
In late 2021, Wells Fargo launched a Bitcoin Fund that allows their institutional customers to access BTC directly through their private banking accounts. This offering is only available to high-net worth investors who pass a certain test to verify they are sophisticated market participants.
The Bitcoin Fund that was released in partnership with NYDIG is quite expensive and simply tracks the price of Bitcoin. Clients pay a 2% management fee for the convenience of going directly through Wells Fargo and is best suited for people who are hesitant to use exchanges.
About Wells Fargo
Wells Fargo Bank is a national bank in the United States, headquartered in San Francisco, California. It is the fourth largest bank in the US by assets and the second largest by market capitalization. The bank provides banking, investment, mortgage, and consumer and commercial finance products and services through more than 8,700 locations, 12,500 ATMs, and millions more online.
The bank is licensed by the US government and regulated by both federal and state agencies. Wells Fargo is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol Wells Fargo & Company (WFC).

Final Thoughts
In conclusion, Wells Fargo does not offer cryptocurrency investing and trading on their online banking platform. However, they do allow customers to transfer funds to FinCEN-licensed crypto exchanges like eToro, which offers lower trading fees and is regulated by FinCEN and FINRA.
Wells Fargo has not taken an official stance on cryptocurrencies, but they are closely monitoring developments in the market. For high-net-worth investors, Wells Fargo offers a Bitcoin Fund in partnership with NYDIG, albeit with a 2% management fee. For those looking to invest in cryptocurrencies, it's crucial to choose a reputable digital asset exchange to ensure a secure and compliant experience.
Post Tags
Author
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.