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How to Buy Crypto with BankUnited in United States

Last updated on November 12, 2023

Quick Summary: While BankUnited does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of United States cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

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BankUnited Homepage

As mentioned in my quick summary, like most United States banks, BankUnited doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

There are a large number of crypto trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Bank United

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with BankUnited.

Buy Crypto With eToro

About BankUnited

BankUnited, Inc., with total assets of $36.6 billion as of September 30 2022. It is a bank holding corporation with a wholly-owned subsidiary called BankUnited which is collectively known as the Company. BankUnited is a major national banking organization headquartered at Miami Lakes, Florida, offers a variety of banking products and services to individuals as well as corporate clients.

The Bank also offers certain commercial loan and deposit services through a nationwide platform. The company offers a wide range of traditional banking services and products for retail and commercial customers. BankUnited is among the largest banks within the United States.

BankUnited, Inc. was established by a management team headed by John A. Kanas and was initially financed with $945.0 million from a consortium of investors, including W.L. Ross, Blackstone Group, The Carlyle Group and Centerbridge Partners. On May 21 2009 BankUnited purchased the majority of its assets, and took over the entire non-brokered deposit accounts and a significant portion of the other obligations from BankUnited, FSB, from the FDIC as part of the FSB Acquisition. On February 2, 2011 the Company concluded its IPO.

The bank provides a vast selection of services online, treasury and management tools for business and traditional lending and depository products.