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How to Buy Crypto with Capital One in United States

Last updated on January 20, 2024

Quick Summary: While Capital One 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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Capital One Homepage

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

There are a large number of cryptocurrency exchanges 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 Capital One

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

1. Pick a cryptocurrency exchange

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 Capital One.

Buy Crypto With eToro

About Capital One

Capital One Financial Corporation is an American bank holding company that specializes in banking, auto loans and savings accounts. It is headquartered in McLean, Virginia with operations predominantly within the United States. It’s on the list of top institutions across the United States and has developed reputation as a tech-oriented bank.

It has 755 branch locations, including thirty cafe-style locations as well as 22,000 ATMs. It’s ranked 99th in the Fortune 500 and 9th in Fortune’s 100 Great Companies to work for list, and operates across its home countries of the United States, Canada, and the United Kingdom. It was the first company to pioneer widespread advertising of credit card in the early 1990s. In 2016 it was ranked as the 5th largest issuer of credit cards according to amount of transactions, behind American Express, JPMorgan Chase, Bank of America, and Citigroup.

Capital One has 5 percent, Capital One is also the second largest auto financing firm across the United States, following Ally Financial which was formerly called GMAC.

The three divisions that comprise the company include consumer banking, credit cards as well as commercial bank. In the fourth quarter of 2018 75 percent of the company’s revenue were from credit card transactions 14% came from consumer banking and 11% came in commercial banking.