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How to Buy Crypto with TD Bank, N.A. in United States

Last updated on January 2, 2024

Quick Summary: While TD Bank, N.A. 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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TD Bank, N.A. Homepage

As mentioned in my quick summary, like most United States banks, TD Bank, N.A. 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 TD Bank

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 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 TD Bank, N.A..

Buy Crypto With eToro

About TD Bank, N.A.

TD Bank, N.A. is an American national bank that is also it is the United States subsidiary of the multinational TD Bank Group. It is primarily present on all of the East Coast, in fifteen U.S. states and Washington, D.C. TD Bank is the seventh largest U.S. bank by deposits and is the 11th-largest bank within the United States by total assets that resulted from a string of acquisitions and mergers. TD Bank, N.A. is located at Cherry Hill, New Jersey. TD Bank is a federally chartered institution, hence its trading name is a combination of “N.A.” letters.

In 2010, TD Bank, N.A. purchased South Financial Group in 2010. South Financial Group and its branches in the Carolinas and Florida. South Financial was the parent company of Carolina First, with branch branches across North as well as South Carolina and Mercantile Bank with branches in Florida and Florida, at a cost of around $191 million. Southern Financial’s branch locations were changed into those under the TD Bank name.

In 2013, TD Bank, N.A. has consolidated the company’s American office located in Cherry Hill, New Jersey, U.S.

In February of 2016 the consumer card division of TD Bank division acquired Nordstrom. Nordstrom credit card division in the amount of $2.2 billion. The purchase included Nordstrom to TD’s growing portfolio of private-label credit cards which include Target, NordicTrack, and Tourneau.

On February 28, 2022, TD Bank, N.A. announced plans to purchase Memphis the Tennessee-based First Horizon Corporation for $13.4 billion. The acquisition is expected to be completed within the 1st quarter 2023 depending on approval by regulators from each of the United States and Canada. The post-merger bank will hold 600 billion dollars of assets, possibly increasing its position to the sixth largest through deposits within the United States.