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How to Buy Crypto with MidFirst Bank in United States

Last updated on November 12, 2023

Quick Summary: While MidFirst 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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MidFirst Bank Homepage

As mentioned in my quick summary, like most United States banks, MidFirst Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto trading platform 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.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Midfirst Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto 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 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 MidFirst Bank.

Buy Crypto With eToro

About MidFirst Bank

MidFirst Bank is a privately owned financial institution that is headquartered within Oklahoma City, Oklahoma. It is the biggest privately-owned institution in the United States, with $33.3 billion in assets. Its main markets are Oklahoma, Denver, Phoenix and Dallas with commercial lending offices located in Atlanta, Boston, Chicago, Cleveland, Houston, New York City, St. Louis along with Southern California. MidFirst Bank has banking centers in Boulder and Edwards, Colorado. The bank also operates 1st Century Bank of Los Angeles as a subsidiary that is part of MidFirst Bank and MidFirst Business Credit of Atlanta as an affiliate that is part of MidFirst Bank.

Since 2009 MidFirst Bank acquired Community Bank of Arizona and Union Bank, both headquartered in the Phoenix metropolitan region. The year 2015 saw MidFirst Bank acquired Denver-based Steele Street Bank & Trust which is a locally-owned and managed community bank. In July of 2016, MidFirst Bank acquired 1st Century Bancshares located in Southern California. Following this merger, MidFirst Bank’s total assets totalled over $12 billion.

The bank provides a wide variety of trust, commercial private banking, mortgage banking services. In addition, it is the largest commercial real estate lending institution as well as major mortgage loan servicer nationwide. Principal markets include Oklahoma City, Denver, Phoenix, Tulsa, Dallas, Southern California and western Oklahoma. MidFirst Bank also operates full-service banks within Boulder as well as Edwards, Colorado, and commercial lending offices in Atlanta, Boston, Chicago, Houston, New York City, St. Louis, Orlando, Nashville, Detroit and Southern California.