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How to Buy Crypto with South State Bank in United States

Last updated on November 12, 2023

Quick Summary: While South State 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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South State Bank Homepage

As mentioned in my quick summary, like most United States banks, South State 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.

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 South State Bank

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

1. Pick a crypto 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 South State Bank.

Buy Crypto With eToro

About South State Bank

South State Bank, based in Winter Haven, Florida, is an American bank that is headquartered in Florida and is a affiliate to South State Corporation, a holding company for banks. At the time on December 31st of 2018, the bank had 168 branches across South Carolina, North Carolina, Georgia, Florida, and Virginia.

First National Bank began in Orangeburg, South Carolina in 1933. In 2002 it changed the name of its bank to South Carolina Bank and Trust and relocated the headquarters of its business to Columbia, South Carolina. In 2013, 240 employees employed in Orangeburg. SCBT also added offices in Greenville, South Carolina. Greenville, South Carolina area and also. First National Corp. changed its name to SCBT Financial Corp. in 2003. It was the fourth-largest in South Carolina with assets of $1 billion.

On November 30th, 2007, SCBT Financial Corp. has completed the acquisition TSB Financial Corporation and its bank The Scottish Bank, giving SCBT four Charlotte, North Carolina locations and a loan production facility located in Cornelius, North Carolina. The five locations were changed as North Carolina Bank and Trust or NCBT.

The 27th of April, 2017 South State Corp. agreed to purchase Park Sterling Corp. of Charlotte, North Carolina, for $690.8 million. The transaction was concluded on November 30, 2017 , with the announcement changing in April. South State added 43 branches Five branches are located in Georgia 23, 23 branches in South Carolina, 17 in North Carolina and 8 in Virginia.

The 8th of June, 2020 South State completed a merger with CenterState Bank. It will continue to use its South State name, but it will relocate the headquarters of its business to Winter Haven, Florida. The bank is now owned by a consortium of $34 billion of assets.