How to buy Crypto with Wells Fargo

Can I buy Bitcoin or Crypto with Wells Fargo?

Well Fargo does not yet offer native cryptocurrency services for their customers to buy and sell digital currencies. The only way that you can buy cryptocurrency through your Wells Fargo account is through a regulated cryptocurrency exchange in the United States.

All you need to do is sign up, connect your Wells Fargo account and deposit US Dollars.

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How to buy Crypto with Wells Fargo Bank

We recommend that Wells Fargo account holders use a trusted digital asset exchange like eToro to buy and sell cryptocurrencies. Their platform offers fast and free deposits for Wells Fargo account holders and has significantly cheaper fees than popular exchanges like Coinbase.

The guide below is a quick overview on how to get started from your Wells Fargo Online account.

1. Sign up to eToro USA
2. Select the Deposit Funds button (as shown below). You will then be provided with USD deposit details to transfer from your Wells Fargo Online account, or Wells Fargo Debit Card.
3. Once your account is funded, visit the 'Discover' page and find the crypto you want to buy
4. Input the USD amount and execute your trade

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Is Wells Fargo Crypto Friendly?

Wells Fargo does not currently 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. Both Coinbase and eToro are great options, but just be mindful that Coinbase charges a 2% fee per trade.

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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.