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How to Buy Crypto with SVB Financial Group in United States

Last updated on November 12, 2023

Quick Summary: While SVB Financial Group 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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SVB Financial Group Homepage

As mentioned in my quick summary, like most United States banks, SVB Financial Group 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 crypto 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 Silicon Valley 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 SVB Financial Group.

Buy Crypto With eToro

About SVB Financial Group

Silicon Valley Bank (SVB) was established around 1982, in 1982 by Bill Biggerstaff and Robert Medearis during a game of poker. The first office was opened in 1983 located on North First Street in San Jose. The Palo Alto branch was opened in the year 1985. The primary goal of the bank was to collect deposits from businesses which were funded by venture capital. It later expanded into the financing and banking of venture capitalists as well as included services to allow the bank to maintain clients once they had have grown from their initial phase.

SVB provides the finance backbone of the economy of innovation and is committed to helping investors, individuals and some of the most innovative enterprises achieve their lofty goals. SVB’s business units include Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities – together offer the solutions that our dynamic and rapidly growing clients require as they expand in areas such as business banking, venture capital as well as wealth planning as well as investment banking. Based at Santa Clara, California, SVB is present in the areas of innovation across the globe. Find out more information on svb.com/global.

SVB Financial Group (SVB) (Nasdaq: SIVB) is the holding company for all business units and groups.

The bank concentrates on lending to companies in the field of technology and provides a variety of services to venture capitalists as well as revenue-based financing and private equity companies which invest in biotechnology and technology as well as private banking for high-net-worth individuals in its home market of Silicon Valley. Apart from lending and taking deposits the bank also operates the private equity and venture capital divisions, which often invest in the company’s commercial bank clients.