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How to Buy Crypto with First Hawaiian Bank in United States

Last updated on November 12, 2023

Quick Summary: While First Hawaiian 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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First Hawaiian Bank Homepage

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

Buy Crypto With eToro

About First Hawaiian Bank

First Hawaiian, Inc. is a holding company for banks located in Honolulu in Hawaii. Its main affiliate, First Hawaiian Bank, founded in 1858 is the longest-running and oldest bank with its headquarters in Honolulu in Hawaii. It is located in The First Hawaiian Center.

There are 57 branch locations of the bank across Hawaii, including three on Guam along with two locations in Saipan. It provides banking services for both commercial and consumer commercial customers, which include deposits, lending services and insurance, wealth management and trust services. First Hawaiian was listed on the NASDAQ on August 4, 2016 and debuted at 12th place in the January 2017 edition of Forbes’ America’s 100 Largest Banks , with $20 billion of total assets. In the year 2019, BNP Paribas sold its stake in First Hawaiian Bank.

The year 2001 saw First Hawaiian Bank acquired Union Bank of California’s branch network that spans Guam as well as Saipan. On December 1, BNP Paribas completed its acquisition of 100 percent of First Hawaiian Bank and its parent company BancWest. Bank of the West and First Hawaiian Bank, however they continued to operate as separate entities.

On the 23rd of December in the year 2015 First Hawaiian Bank announced the parent subsidiary BNP Paribas was looking at strategies for the subsidiary which included the possibility of an offering to public. On August 4, 2016 the BNP Paribas shares began trading on NASDAQ.

In the year 2018, BNP Paribas reduced their stake in First Hawaiian to 33.3% In January 2019 it had sold the remaining stake.