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How to Buy Crypto with Independent Bank in United States

Last updated on November 12, 2023

Quick Summary: While Independent 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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Independent Bank Homepage

As mentioned in my quick summary, like most United States banks, Independent Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

There are a large number of crypto trading platforms 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 Independent 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 Independent Bank.

Buy Crypto With eToro

About Independent Bank

Independent Bank is a bank located at Grand Rapids, Michigan. It has 62 branches and all are located in Michigan.

The bank’s origins go back through the First National Bank of Ionia that was established in 1864.

In 1896, it renounced its charter as a national institution and was granted the state charter. The bank was then which was reorganized into State Savings Bank of Ionia.

in 1952, the band changed its in 1952, changing the name in 1952, changing name to First Security Band.

Since 1974, Independent Bank Corporation was founded as the holding bank company.

The firm purchased Mepco Insurance Premium Finance. Mepco went under in the year 2017.

On March 7, 2007, Bank purchased the 10 branch of TCF Financial Corporation.

The bank in December of 2008 was awarded an investment of $72 million through Treasury Department United States Department of the Treasury as part of the Troubled Asset Relief Program. The loan is due to be returned by the end of 2013.

In December 2012 the bank closed the 21 branches it had to Chemical (now TCF Financial Corporation).

The bank in 2015 ceased operations in six branches.

The bank in 2018 purchased Traverse City State Bank.