Buying Bitcoin with Regions Bank

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 Bitcoin with Regions Bank?

The easiest way to invest in Bitcoin and cryptocurrencies with a Regions Bank account is through a trusted trading platform like eToro. They allow you to deposit USD via Bank Transfer 24/7 with low fees to buy, sell and trade over 40 digital assets.

To get started, follow the simple guide below:

1. Sign up to eToro US
2. Complete your onboarding by verifying your personal information
3. Find the 'Deposit Funds' page and deposit USD via bank transfer from your Regions Bank account
4. Once your funds are deposited, select the 'Discover Crypto' page
5. Then select the crypto you want to buy and execute the trade

Their platform also allows you to trade Stocks, ETFs, Commodities, Bonds and more for market-leading fees. This means you can buy crypto correlated stocks like Coinbase or Microstrategy if you prefer to get exposure that way.

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 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 eToro via bank transfer. Once you are on the platform, you will pay up to 1% 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.