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How to Buy Crypto with Signature Bank in United States

Last updated on November 12, 2023

Quick Summary: While Signature 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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Signature Bank Homepage

As mentioned in my quick summary, like most United States banks, Signature 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 trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Signature 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 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 Signature Bank.

Buy Crypto With eToro

About Signature Bank

Signature Bank is a New York-based full-service commercial banking institution with 38 private client offices across New York, Connecticut, California in addition to North Carolina. Signature Bank’s special financing company, Signature Financial LLC, offers leasing and financing of equipment. Signature Securities Group Corporation, which is a wholly-owned subsidiary is a licensed broker-dealer, investment adviser and broker-dealer. They offer brokerage, investment asset management, insurance products and services.

Signature Bank offers business and personal banking services and products. The company’s special finance subsidiary, Signature Financial, provides equipment financing and leasing. Signature Securities Group Corporation, an owned by the bank that is a registered broker-dealer as well as an investment adviser, and a an affiliate of FINRA and SIPC and SIPC, providing investment brokerage, asset management, as well as insurance products and services.

In 2018 Bank’s Signature Bank Building Improvement Initiative gave grants totaling $500,000 to community-based non-profits that aid in improving the living conditions of those in housing with low incomes within New York. Each beneficiary received $100,000 to put for their properties.

The Signature Bank’s Fund Banking Division was created in the year 2018 to offer financial and banking services to the private equity sector. This division, called the Venture Banking Group, which was established in the early part of 2019, provides services to venture capital firms as well as the portfolio companies that they invest. This team, the Specialized Mortgage Banking Solutions team that focuses on providing residential and commercial mortgage servicers and other companies in the same field, was launched in July, 2019.