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How to Buy Crypto with City National Bank of Florida in United States

Last updated on November 12, 2023

Quick Summary: While City National Bank of Florida 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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City National Bank of Florida Homepage

As mentioned in my quick summary, like most United States banks, City National Bank of Florida 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 crypto exchanges to pick from that allow you 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 City National Bank Of Florida

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 City National Bank of Florida.

Buy Crypto With eToro

About City National Bank of Florida

City National Bank of Florida (CNBFL) located within Miami, Florida, is the second-largest bank in the state, with more than 220 billion dollars in total assets. CNBFL is home to 32 branch locations that span from Miami-Dade County to the greater Orlando region, and more than 1,000 employees. In 2015 CNBFL is owned and operated by Chilean bank Banco de Credito e Inversiones.

City National Bank of Florida was founded in 1946. Leonard L. Abess, Sr., Max Orovitz as well as Baron de Hirsch Meyer founded the North Shore Bank on 71st Street in Miami Beach. The 1950s saw the introduction of Industrial National Bank at 46 West Flagler Street was added and the bank was relocated to its the new offices at 25 West Flagler Street. CNBFL’s corporate office is located in Miami’s Downtown Miami Tower. CNBFL operates branches throughout Broward as well as Palm Beach counties as well as the Orlando and Winter Park, Florida communities.

City National Bank of Florida has been acknowledged for its involvement in the community and has been awarded the “Outstanding” community reinvestment rating from the Office of the Comptroller of the Currency (OCC) for the last 18 years. It is still one of the largest and most capital-efficient banking institutions within Florida and has been recognized as five rating “Superior” by BauerFinancial. CNBFL was listed as one of the Top banks to work for according to American Banker magazine, for two consecutive years.

CNBFL was named Best Community Bank, Best Business Bank, Best Bank for Commercial Real Estate, Best Bank for Jumbo Loans, Best Private Bank and Best Foreign National Mortgage Lender by subscribers of The Daily Business Review for the eight years running up to 2020.