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How to Buy Crypto with U.S. Bancorp in United States

Last updated on January 10, 2024

Quick Summary: While U.S. Bancorp 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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U.S. Bancorp Homepage

As mentioned in my quick summary, like most United States banks, U.S. Bancorp doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform 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 US Bank

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 U.S. Bancorp.

Buy Crypto With eToro

About U.S. Bancorp

U.S. Bancorp is an American bank holding firm headquartered within Minneapolis, Minnesota, and is incorporated in Delaware. it is the parent corporation of U.S. Bank National Association and is the fifth-largest bank within the United States. It offers mortgage, banking, investment trust, and payment services to people companies, governments, and businesses and financial institutions.

There are 3,106 branches as well as 4842 automated teller machines mostly located in its Western as well as the Midwestern United States. It’s ranked 117th in the Fortune 500, and it is classified as a major important institution through the Financial Stability Board. It also has Elavon processing credit transactions for merchants as well as Elan Financial Services, a credit card issuer who issues credit cards on behalf of small banks and credit unions throughout the U.S.

U.S. Bancorp operates under the second oldest continuous national charter, which was originally Charter #24, granted in 1863 after the passing of the National Bank Act. The charters of earlier years expired as banks were sold or closed or acquired, thus increasing U.S. the number of its charter from #2 up to #2. The oldest charter in the national system was granted to First National Bank of Philadelphia and is currently owned through Wells Fargo, which was obtained through it’s merger with Wachovia.