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How to Buy Crypto with Commerce Bank in United States

Last updated on November 12, 2023

Quick Summary: While Commerce Bank 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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Commerce Bank Homepage

As mentioned in my quick summary, like most United States banks, Commerce Bank 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.

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 Commerce Bank

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

1. Pick a cryptocurrency 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 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 Commerce Bank.

Buy Crypto With eToro

About Commerce Bank

Commerce Bancshares, Inc. (NASDAQ: CBSH) is a bank holding company registered with the U.S. Securities and Exchange Commission. with its headquarters within Missouri, United States, with hubs situated in Kansas City and St. Louis. It is the parent company of Commerce Bank, which offers an array of financial services that include personal and business banking along with wealth management and investments by its associated companies.

Commerce has more than 250 ATM and branch locations throughout Missouri, Kansas, Illinois, Oklahoma, and Colorado and has operating subsidiaries which are involved in mortgage banking the insurance of credit, venture capital, as well as real estate transactions.

On 30 March 2022 Commerce Bank was the 61st largest commercial bank in the United States, as reported by the Federal Reserve Bank. Commerce Bank ranked 34th on Forbes list of America’s top Banks for 2022. Forbes has added Commerce Bank to its America’s Best Banks list for the past 13 years.

Commerce Bank serves more than 12,000 companies through its commercial bank and payments businesses. Commercial services offered by the bank include commercial loans, merchant and commercial bank card products and solutions for payment, leasing as well as international service, along with deposits for government and business investments, the management of cash. The commercial banking business accounted for 53 % of Commerce Bank’s pre-tax earnings in 2021.