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How to Buy Crypto with Citizens Financial Group in United States

Last updated on December 26, 2023

Quick Summary: While Citizens Financial Group 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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Citizens Financial Group Homepage

As mentioned in my quick summary, like most United States banks, Citizens Financial Group 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 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 Citizens Bank

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 Citizens Financial Group.

Buy Crypto With eToro

About Citizens Financial Group

Citizens Financial Group, Inc. is an American bank with its headquarters at Providence, Rhode Island, that is a member of the state comprising Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Vermont, Virginia, and Washington, DC.

Between 1988 and 2014’s Initial public offerings, Citizens was owned by The Royal Bank of Scotland Group. This group decided to sell its final 20.9 percent stake in Citizens in October, 2015.

Citizens has 1,003 branches, four Wealth centers at June 2022. They also have more than 3,100 ATMs spread across eleven states, with Citizens Bank. Citizens Bank brand.

Citizens is 13th on the list of the top bank within the United States as of Q4 2022.

As with different banks Citizens also has contracts with numerous supermarket chains to set up banks in their stores. Most of them are located in the Pittsburgh-based Giant Eagle stores, most of which were acquired through the merger of Mellon Financial Corporate’s Retail Banking division. Citizens also has branches in numerous Stop & Shop and Shaw’s stores across New England.