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How to Buy Crypto with Citigroup in United States

Last updated on December 20, 2023

Quick Summary: While Citigroup 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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Citigroup Homepage

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

Thankfully there are many cryptocurrency 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 Citi

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 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 Citigroup.

Buy Crypto With eToro

About Citigroup

Citigroup Inc. or Citi (stylized as citi) is an American multinational financial and investment banking company headquartered within New York City. The company was created through the merger between the banking giant Citicorp as well as the financial group Travelers Group in 1998; Travelers was later separated from the business in 2002. Citigroup is the owner of Citicorp which is the holding company of Citibank along with numerous International subsidiaries. Citigroup is registered in Delaware.

Citigroup was founded on the 8th of October 1998 following the $140 billion acquisition between Citicorp as well as Travelers Group to create the largest financial services firm in the world. The company’s history is broken down into various companies that later merged to form Citicorp which is a global bank that operates in more than 100 nations and Travelers Group, whose businesses included credit services and retail finance for the consumer and insurance. The company’s story dates to the time of its founding it was the City Bank of New York (later Citibank) in 1812; Bank Handlowy in 1870; Smith Barney in 1873, Banamex in 1884; Salomon Brothers in 1910.

Citibank Retail banking encompasses Citi’s branch network across the globe, which is branded Citibank. Citibank boasts more than 4600 branches around the world, and has over $300 billion of deposits. Citibank is the fourth most popular retail lender within the United States based on deposits as well as having Citibank affiliated branches in all nations around the world with the sole exception of Mexico that is managed by an independent subsidiary known as Banamex. Citibank provides savings and checking accounts as well as small-business and commercial banking, as well as personal wealth management as well as other services.