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How to Buy Crypto with Stifel in United States

Last updated on November 12, 2023

Quick Summary: While Stifel 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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Stifel Homepage

As mentioned in my quick summary, like most United States banks, Stifel doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto 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 Stifel

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 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 Stifel.

Buy Crypto With eToro

About Stifel

Stifel Financial Corp. is an American international independent investment banking and financial services business established with the Stifel name in July 1983. Its stock was traded at the New York Stock Exchange on November 24 on the 24th of November, 1986. The company’s predecessor was established in 1890, as The Altheimer and Rawlings Investment Company and has its headquarters within downtown St. Louis, Missouri.

Stifel offers financial services that are related to securities across its offices in the United States and Europe through numerous wholly owned subsidiaries. The clients of Stifel are served by Stifel, Nicolaus & Company, Incorporated (Stifel Nicolaus) in the U.S., a full-service institution and retail brokerage and investment banking company, via Stifel Nicolaus Canada Inc. in Canada as well as through Stifel Nicolaus Europe Limited (SNEL) in the United Kingdom and Europe.

The other subsidiaries of the company comprise Thomas Weisel Partners LLC (TWP), Century Securities Associates, Inc. (CSA) which is an independent broker-dealer company and Stifel Bank & Trust, which is a commercial and retail bank. Stifel Bank & Trust offers commercial and consumer loans. Stifel Trust Company, N.A. offers trust-related services and other related products.