Home
/
Banks
/
How to Buy Crypto with HSBC Bank USA in United States

How to Buy Crypto with HSBC Bank USA in United States

By Esther Teng

Last updated on November 12, 2023

Quick Summary: While HSBC Bank USA 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.

★★★★★ 5/5

11,029 5-star reviews on Trustpilot

As mentioned in my quick summary, like most United States banks, HSBC Bank USA 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 HSBC

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 crypto

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 HSBC Bank USA.

Buy Crypto With eToro

About HSBC Bank USA

HSBC Bank USA, National Association is the American subsidiary of the multinational company HSBC is a bank with an headquarters located in New York City and its nominal head office located in McLean, Virginia (as designated in the charter). HSBC Bank USA, N.A. is a bank in the United States chartered by the National Bank Act, and therefore is controlled under the Office of the Comptroller of the Currency (OCC), which is a part of the U.S. Department of the Treasury. The bank has 159 branches.

In the year 1980, The Hongkong and Shanghai Banking Corporation purchased 51% control within Marine Midland Bank, headquartered in Buffalo, New York. HSBC bought the remainder of the interest in 1987. They continued operating as Marine Midland until Marine Midland name until 1998 after which the offices were rebranded as HSBC Bank.

It was 1994 when Marine Midland acquired Spectrum Home Mortgage that operated across eight states. Then, in 1995 Marine Midland acquired United Northern Federal Savings Bank, with branches in Watertown and Lowville, New York. Marine Midland also acquired The Six HSBC New York City retail branches in the following year, as well as the Hang Seng Bank’s 2 branches located in New York City.

HSBC Bank works with OneSpan to issue multi-factor authentication tokens in online banking services.

Other Popular United States banks

Esther Teng

Esther Teng is a financial analyst with an acute focus on emerging markets and fintech innovations. Her insights into the cross-section of finance and technology have provided valuable guidance to investors navigating the complexities of the modern financial landscape. Esther's passion for demystifying economic trends and her ability to forecast financial shifts make her a trusted voice in finance.