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How to Buy Crypto with M&T Bank in United States

Last updated on November 30, 2023

Quick Summary: While M&T 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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M&T Bank Homepage

As mentioned in my quick summary, like most United States banks, M&T 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.

There are a large number of cryptocurrency 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 M&T 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 M&T Bank.

Buy Crypto With eToro

About M&T Bank

M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company with its headquarters at Buffalo, New York. It has 1680 branches across New York, New Jersey, Connecticut, Pennsylvania, Maine, Maryland, Massachusetts, New Hampshire, Delaware, Vermont, Virginia, West Virginia, and Washington, D.C. M&T is placed 519th on the Fortune 500 list based on revenues for 2021. In May 1998, the holding company for the bank was known as First Empire State Corporation.

M&T Bank has been profitable each quarter since 1976. Apart from Northern Trust, M&T was the only bank on the S&P 500 Index not to reduce its dividends during the financial crisis of 2007-2008.

The bank is the owner of its own Buffalo Savings Bank structure in downtown Buffalo as well as Bridgeport Center located in Bridgeport, Connecticut. M&T Bank also sponsors M&T Bank Stadium which is home to Baltimore Ravens. Baltimore Ravens. M&T Bank is the official bank of the Buffalo Bills in Western New York as well as their home stadium, Bills Stadium located in Orchard Park, New York. Wilmington Trust is a subsidiary of M&T Bank Corporation, offering international corporate and institutional services including private financial services such as investment management, banking and fiduciary services.