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How to Buy Crypto with Comerica in United States

Last updated on November 12, 2023

Quick Summary: While Comerica 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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Comerica Homepage

As mentioned in my quick summary, like most United States banks, Comerica 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 crypto trading platforms 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 Comerica Bank

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

1. Pick a crypto 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 Comerica.

Buy Crypto With eToro

About Comerica

Comerica Incorporated is a financial services firm based within Dallas, Texas, and strategically aligned through three distinct business units: The Commercial Bank, The Retail Bank and Wealth Management. Comerica is focused on relationships as well as helping businesses and individuals succeed. It operates retail banking throughout Texas, Arizona, California, Michigan and Florida, and select businesses in additional U.S. states along with Canada as well as Mexico.

On the 17th of August 1849, the business was established by Detroit in 1849 by Elon Farnsworth. It was formally named the Detroit Savings Fund Institute. In contrast to other banks of the time it was the only one that Institute provided dividends on its deposits. It didn’t have shareholders or capital stock and was run by unpaid fiduciaries. In addition, it was open to customers from the middle class, merchants, and even children The Institute experienced steady growth and reached its $1,000,000 mark by 1870. The name was was changed into The Detroit Savings Bank in 1871.

The Detroit Savings Bank changed its name to The Detroit Bank in 1936 it was among the few regional banks that survived during the Great Depression. It was in 1956 that the bank was merged into Birmingham National Bank, Ferndale National Bank and Detroit Wabeek Bank and Trust Company to create The Detroit Bank & Trust Company. In 1973, the company was established as a holding companycalled DetroitBank Corporation. The name that is currently used, Comerica, was adopted in 1982.

Comerica has expanded into North Carolina with the creation of its brand new Southeast Market in August 2021. The market’s headquarters are in Raleigh and locations at Winston-Salem and Charlotte The Southeast Market supports Wealth and Commercial Bank customers located within North Carolina, Florida, Georgia, South Carolina, Tennessee and Virginia.