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How to Buy Crypto with Fifth Third Bank in United States

Last updated on December 11, 2023

Quick Summary: While Fifth Third 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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Fifth Third Bank Homepage

As mentioned in my quick summary, like most United States banks, Fifth Third Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency 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.

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 Fifth Third 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 Fifth Third Bank.

Buy Crypto With eToro

About Fifth Third Bank

Fifth Third Bank (5/3 Bank) which is the primary branch of Fifth Third Bancorp, is an American bank holding company with its headquarters at Cincinnati, Ohio. Fifth Third is one of the biggest bank for consumers within the Midwestern United States, Fifth Third Bank is established in Ohio. It was chartered by the state until the middle of 2019, when it was granted an official national charter.

The client base of Fifth Third spans small- and medium-sized business, corporate and clients who invest. Fifth Third operates 1,100 branches and Automated teller machines that are located in 11 states: Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, South Carolina, Tennessee and West Virginia

“Fifth” or “Fifth Third” is derived from the names of the bank’s two precursor businesses, Third National Bank and Fifth National Bank, which joined in 1909.

The firm is ranked 415th on the Fortune 500. Fifth Third Bank is one of the biggest institutions within the United States.

In November 2008 The United States Department of the Treasury placed an investment of $3.4 billion into the company in the Troubled Asset Relief Program and in February of this year the company purchased the loan through the Treasury.

In the year 2020 Fifth Third originated nearly 56,000 mortgages, with a total value in the range of $10.6 billion.

On January 20, 2022 Fifth Third announced it had purchased the residential solar power lender Dividend Finance.