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How to Buy Crypto with MUFG Union Bank in United States

Last updated on November 12, 2023

Quick Summary: While MUFG Union 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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MUFG Union Bank Homepage

As mentioned in my quick summary, like most United States banks, MUFG Union 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.

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 Mufg Union Bank

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 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 MUFG Union Bank.

Buy Crypto With eToro

About MUFG Union Bank

Union Bank (known as MUFG UnionBank until 2022) is a federally licensed full-service bank with 398 branches throughout California, Washington and Oregon which was wholly owned by MUFG Americas Holdings and was bought from U.S. Bancorp. The headquarters are located at New York City, it has commercial branches in Dallas, Houston, New York and Chicago as well as two offices in the world.

Formerly called Union Bank of California, N.A., it was purchased by U.S. Bancorp on December 1st, 2022.

On April 30th in 2010, Union Bank, N.A. purchased several assets, and took over certain obligations of Everett which is a Washington-based Frontier Bank in a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC). Twelve corporate directors and officers from Frontier Bank are facing a $46 million damages lawsuit brought with the FDIC.

In the month of April Union Bank acquired the assets of Tamalpais Bank in Marin County which included seven branches. Federal regulators have sold Tamalpais its property in April to Union Bank, which rebranded the acquired branches.

in 2012 Union Bank announced its acquisition of Pacific Capital Bancorp, which operated under the name Santa Barbara Bank & Trust at a price of $1.5 billion.

The year 2013 was the time that Union Bank completed the purchase of First Bank Association Bank Services which offers a complete variety of banking services to homeowners associations as well as community management businesses. The acquisition netted Union Bank approximately $550 million in deposits.

in 2021 U.S. Bancorp announced that it would purchase the core MUFG Union Bank retail banking services for eight billion dollars of cash, as well as shares. The deal was announced in September of 2022. MUFG Union Bank and US Bank mutually agreed to extend the expiration date for the deal from Sept. 30 until December 31st 2022. The merger was completed in the month of December 2022.