Can I buy Bitcoin with Regions Bank?
Regions Bank does not currently allow customers to directly buy Bitcoin and other cryptocurrencies from their online banking platform, or through a banking branch. This means that Regions Bank account holders will need to find a digital asset exchange that will connect to their bank account to deposit USD.
How to buy Crypto with Regions Bank
The easiest way to invest in Bitcoin and cryptocurrencies with a Regions Bank account is through a trusted trading platform like Uphold. They allow you to deposit USD via Bank Transfer 24/7 with low fees to buy, stake, sell and trade over 200 digital assets.
To get started, follow the simple guide below:
- 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 Regions 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.
Regions Bank Cryptocurrency Policy
Regions Bank does not have any internal policies that prohibit their customers from connecting with licensed digital asset trading platforms to invest in cryptocurrencies. This means that you are safe to sign up to regulated platforms like Uphold to buy and hold Bitcoin, Ethereum, AVAX ,and other tokens.
We recommend that you avoid off-shore exchanges like Binance, Kucoin or Gate.io that have unclear regulatory status under the purview of the SEC and other financial regulators in the United States.
Regions Bank Crypto Fees
If you are buying Crypto from a Regions Bank account, you will pay zero fees when depositing USD into Uphold via bank transfer. Once you are on the platform, you will pay up to 0.5% depending on the coin you buy and it's liquidity due to the variance in market spreads.
For large cap coins like Bitcoin or Ethereum, the spread should be narrow, meaning the fees will be well under 1%. This is far cheaper than alternatives like Coinbase who charge 3.99% for Debit/Credit Card purchases.
About Regions Bank
Regions Bank is a bank headquartered in the U.S. state of Alabama, with operations in Mississippi, Tennessee, and Louisiana. As of June 30, 2020, Regions Bank had $171 billion in assets. The bank operates more than 1,500 branches and 2,000 ATMs across 16 states.
Regions Bank is the largest bank in Alabama and the second-largest bank in Mississippi. It is a member of the S&P 500 Index and is headquartered in Birmingham, Alabama. The company was founded in 1971 and is a subsidiary of Regions Financial Corporation. In May 2021, Regions Financial Corporation announced it would be selling its banking operations in Puerto Rico to FirstBank Puerto Rico.