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How to Buy Crypto with First Bank in United States

How to Buy Crypto with First Bank in United States

By Sagar Roy

Last updated on November 12, 2023

Quick Summary: While First 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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As mentioned in my quick summary, like most United States banks, First Bank 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.

Thankfully there are many crypto exchanges to pick from that allow you 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 First 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.

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 First Bank.

Buy Crypto With eToro

About First Bank

FirstBank began with small beginnings, in 1963 it has grown into one of the biggest privately-owned banks in the country with more than $27 billion of assets, and over 100 branches across Colorado, Arizona, and California.

Their success can be attributed to a single belief from the beginning: do what is right for the community, customers as well as employees, and great things will occur. This philosophy has changed the way they conduct business and is the motivation for their motto, “banking for good.” That’s the reason why we’ve been known as a top place to work as well as one of the largest corporate philanthropists across Colorado and Arizona and is consistently placed at the top of satisfaction with customers.

As a financial service provider They understand that their success is directly correlated with the high-quality of their customer service and the innovation in their offerings. From their very first branch in 1963 until their first billion dollar in accounts in 1990 they’re blessed to have sustained their steady growth due to the trust they’ve earned from their customers.

They are extremely proud to announce that they’ve racked up the milestone of $20 billion worth of deposits, for only the second time in company’s history.

FirstBank was instrumental in launching and is the principal partner of Colorado Gives Day and Arizona Gives Day. Since the inception of each program there has been $361 million collected for Colorado non-profits, and $30 million has been raised for Arizona non-profits. To increase interest, FirstBank implements the annual “Give it Forward” campaign. The bank delights its customers with no-cost necessities to stimulate donations during these online initiatives designed to boost the amount of philanthropy.

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Sagar Roy

Sagar Roy is a dynamic finance content creator whose expertise shines in the realms of corporate finance and sustainable investment. His commitment to explaining complex financial concepts in an accessible way has made him a beloved figure among those looking to make informed decisions about their corporate ventures and ethical investments.