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How to Buy Crypto with BMO Harris Bank in United States

Last updated on November 12, 2023

Quick Summary: While BMO Harris Bank 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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BMO Harris Bank Homepage

As mentioned in my quick summary, like most United States banks, BMO Harris Bank 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.

Thankfully there are many crypto exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Bmo Harris

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 crypto

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 BMO Harris Bank.

Buy Crypto With eToro

About BMO Harris Bank

BMO Harris Bank, N.A. is an American bank that is headquartered within Chicago, Illinois. It is an affiliate of the Federal Reserve System and operates branches across various states including Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, Wisconsin and California. BMO Harris Bank has over 600 branches and 1,300 ATMs , and employs more than 14,500 people throughout the United States. BMO Harris Bank is one of the biggest bank within the United States.

BMO Harris Bank is an independently owned subsidiary of the global investment bank and financial services corporation Bank of Montreal, commonly called “BMO” (pronounced /’bi:moU/) that owns BMO Harris Bank through the holding company BMO Financial Corporation (formerly Bankmont Financial Corporation and later Harris Financial Corporation). Harris Bank traced its history through 1882 in Chicago before becoming an acquisition subsidiary for Bank of Montreal in 1984.

BMO Harris Bank is one of the biggest bank within the Midwest with more than 600 branches, and around 1,300 ATMs across Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona, Florida and California. It is the second largest Chicago-area lender based on market share, just behind JPMorgan Chase, and the second-largest US subsidiary of an Canadian bank, following TD Bank, N.A. (owned by the Toronto-Dominion Bank). BMO Harris Bank, N.A. is the issuer of Diners Club cards in United States.