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How to Buy Crypto with Raymond James Financial in United States

Last updated on November 12, 2023

Quick Summary: While Raymond James Financial 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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Raymond James Financial Homepage

As mentioned in my quick summary, like most United States banks, Raymond James Financial 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 trading platforms 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 Raymond James

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

1. Pick a cryptocurrency 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 Raymond James Financial.

Buy Crypto With eToro

About Raymond James Financial

Raymond James Financial, Inc. is an American multinational, independent banking and investment service company that provides financial services to individuals municipalities, corporations, and individuals through its subsidiary companies which specialize in financial and investment planning along with asset management and investment banking. Based at St. Petersburg, Florida, Raymond James is one of the biggest banks across the United States.

Raymond James was founded in 1962, when St. Petersburg broker, Robert James, formed Robert A. James Investments. In 1964, the company merged into Raymond & Associates, founded by Edward Raymond in 1963, to create Raymond James & Associates. Robert James’ son, Tom James, joined in 1966, and became the head of the company in 1970. The firm was set to list on the stock exchange in the year however, market conditions delayed the plan until 1983. Tom transferred the CEO’s job over to Paul Reilly in 2010, and his position as Chair of the Board was transferred to Paul Reilly in 2016. Tom is still in the team of leadership with the title of Chairman Emeritus.

Raymond James has four main areas of operation including private customer group (clients), capital markets (made by fixed and equity capital markets and public finance) Asset management group (made by Asset Management Services and Carillon tower advisors) as well as banking.