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How to Buy Crypto with Flagstar Bank in United States

Last updated on November 12, 2023

Quick Summary: While Flagstar 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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Flagstar Bank Homepage

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

Thankfully there are many crypto trading platforms 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 Flagstar 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 Flagstar Bank.

Buy Crypto With eToro

About Flagstar Bank

Flagstar Bank is a Michigan-based bank, which is among most prestigious residential mortgage providers in the United States, as well being listed on a list of the biggest banks in the United States. In April of 2021 New York Community Bancorp, Inc. (NYCB) issued an announcement on the press that stated they were buying Flagstar Bank (FSB) in an all-stock strategic merger.

On the 1st of December 2022, NYCB was able to complete the acquisition Flagstar Bancorp, Inc. A bank holding company with a primary subsidiary. FSB was the main subsidiary.

First Security Savings Bank was created as a savings bank in 1987. The bank’s chairman was Thomas J. Hammond. The first branch was focused on financing regional wholesale and retail mortgages.

In September of 2016, Flagstar Bank announced plans to invest $10 million in a five-year economic development plan to Pontiac, Michigan. The program is targeted at bringing back Pontiac, which is an Oakland County city. The plan includes five million dollars for mortgages on homes, with a customised home loan specifically for Pontiac citizens, $2.5 million for small firms and new businesses, $1.5 million for the previously announced naming rights to the Flagstar Strand Theatre for the Performing Arts along with an funding of $1 million to promote financial literacy among the community.