• Home
  • /
  • Banks
  • /
  • How to Buy Crypto with First Citizens Bank in United States

How to Buy Crypto with First Citizens Bank in United States

Last updated on November 12, 2023

Quick Summary: While First Citizens 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.


11,029 5-star reviews on Trustpilot

First Citizens Bank Homepage

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

Buy Crypto With eToro

About First Citizens Bank

First Citizens Bank is a subsidiary of First Citizens Bancshares, Inc. A bank holding company that is headquartered in Raleigh in North Carolina.It is listed on the list of top bank across the United States.

On December 31st 2019 the parent company owned 574 branches across 19 states. However 72 percent of its deposits were made in North Carolina and South Carolina.

For the last three generations this bank was governed through the family members of Robert Powell Holding, who joined the bank in 1918, and became president in 1935.

The bank first opened its doors on March 1st in 1898, as Bank of Smithfield. It morphed into First National Bank of Smithfield and later it merged with Citizens National Bank to become First and Citizens National Bank. In 1929 the bank switched its names changing its name to First Citizens Bank and Trust Company. Then, in 1986 it was reorganized as a holding corporation, First Citizens BancShares, Inc.