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How to Buy Crypto with UMB Financial Corporation in United States

Last updated on November 12, 2023

Quick Summary: While UMB Financial Corporation 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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UMB Financial Corporation Homepage

As mentioned in my quick summary, like most United States banks, UMB Financial Corporation doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto trading platform and comes with regulations and extra work for the banks.

Thankfully there are many cryptocurrency trading platforms to pick from that allow you 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 UMB Bank

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

1. Pick a crypto 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 crypto

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 UMB Financial Corporation.

Buy Crypto With eToro

About UMB Financial Corporation

UMB Financial Corporation is an American financial service holding company, founded in 1913 under the name City Center Bank and based in Kansas City, Missouri. It provides a variety of financial services ranging from savings and checking accounts to credit and mortgage services, including auto loans, home mortgages as well as credit cards and business loans as well as investing and wealth management. All are available to individuals and corporations and provides additional custom choices for personal wealth management.

In 2015 for the sixth consecutive calendar year UMB was named one of the America’s Top Banks in the rankings of Forbes as well as SNL Financial, based on eight financial indicators of capital adequacy, asset quality and profit. UMB manages wealth and banking center for management in Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and North Texas.

The UMB acquired naming rights in February of 2002. UMB purchased the naming rights for St. Louis’ Riverport Amphitheatre and changed its name to UMB Bank Pavilion. The agreement ended in 2006 and Verizon Wireless purchased naming rights. In 2004 Peter deSilva became the president and Mariner Kemper was appointed the chairman and CEO for UMB Financial Corporation.

In June of 2015, UMB acquired Marquette Financial Companies and extended its operations to states in the U.S States of Minnesota, Texas and Arizona.

In December of 2019, UMB has 91 branches situated across 8 U.S. states: Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.