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How to Buy Crypto with Morgan Stanley in United States

Last updated on November 13, 2023

Quick Summary: While Morgan Stanley 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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Morgan Stanley Homepage

As mentioned in my quick summary, like most United States banks, Morgan Stanley 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 cryptocurrency trading platforms to pick from that allow you 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 Morgan Stanley

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

1. Pick a cryptocurrency 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 Morgan Stanley.

Buy Crypto With eToro

About Morgan Stanley

Morgan Stanley is an American multinational financial and investment management company with its headquarters in 1585 Broadway in Midtown Manhattan, New York City. With offices across 41 countries, and more than 75,000 employees, the company’s clients include government agencies, corporations and institutions as well as individuals. Morgan Stanley ranked No. 61 on the 2021 Fortune 500 list of the most powerful United States corporations by total revenue.

The first Morgan Stanley was founded in 1935 by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others was established in September of 1935 as a result of the Glass-Steagall Actthat mandated the division from American financial institutions into investment and commercial companies. The first year of its existence it was able to operate with an average market share of 24% (US$1.1 billion) in private placements and public offerings.

Morgan Stanley is a financial services company which through its subsidiaries and affiliates offers advice, and also creates, trades, distributes and manages capital to governments, institutions and private individuals. The firm operates through three business segments: Institutional Securities, Wealth Management as well as Investment Management.