Summary: Regions Bank does not currently offer any services that enable its customers to buy Cryptocurrencies. That said, they do allow customers to transfer USD into regulated digital asset exchanges. Once their funds have been deposited to a trusted platform, they can directly invest in a wide range of digital assets.
After carefully evaluating and comparing the top Cryptocurrency exchanges for Regions Bank customers, we have concluded that eToro is the best option. eToro is regulated by FINRA and licensed with FinCEN, the two US regulators. In addition to trading Crypto, it also offers staking services, plus access to NFTs.
Best Crypto Exchange for Regions Bank
- Fast and free US Dollar deposits for Regions Bank customers.
- Trade 4000+ assets in multiple asset classes including Crypto & Stocks.
- Buy, sell, stake and store a variety of Cryptocurrencies like Bitcoin.
How to buy Crypto with Regions Bank
The easiest way for Regions Bank customers to invest in Bitcoin and other Cryptocurrencies is through eToro. The exchange offers free USD deposits via Bank or ACH Transfer, Credit or Debit Card Deposits, PayPal, Skrill, and Neteller.
To get started, follow this step-by-step guide:
- Open a free account on eToro and complete the verification requirements.
- Tap 'Deposit Funds', pick a method, and transfer money from Regions Bank.
- Go to the search bar, find the token you want to buy, and click 'Trade'.
- Enter the amount you want of USD you want to invest and tap 'Open Trade'.
What are the fees to buy Crypto?
If you are buying Cryptocurrencies through the eToro platform, they are low compared to other exchanges. On eToro, deposits are completely free and withdrawals are $5. Trading fees are 1% anytime you buy or sell a Cryptocurrency. Although, there are no trading (brokerage) fees to buy stocks or ETFs.
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 eToro to buy, stake, and store tokens.
However, we recommend that you avoid off-shore exchanges like Binance, Gate.io, and Kucoin that have unclear regulatory status under the purview of the SEC, FINRA and other financial regulators in the United States.
About Regions Bank
Regions Bank is a leading financial institution that offers a comprehensive range of banking and financial services to individuals and businesses across the United States. Headquartered in Birmingham, Alabama, it operates over 1,400 branches and 2,000 ATMs across 16 states including Mississippi, Tennessee, and Louisiana. It is the largest bank in Alabama and the second-largest bank in Mississippi.
The company was founded in 1971 and is a subsidiary of Regions Financial Corporation. Regions Bank is dedicated to making a positive impact in the communities they serve throughout the US and do so through its Regions Foundation, which is a charity that supports initiatives that aim to improve education, economic development, and community services.
To summarize, Regions Bank does not offer direct access to Cryptocurrency trading but allows its customers to transfer funds to regulated digital asset exchanges. According to our analysis, eToro is the best option for Regions Bank customers as it offers free and instant deposits plus a wide range of assets including Crypto, stocks, indices, commodities, fiat currencies, and ETFs.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.