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How to Buy Crypto with Valley National Bank in United States

Last updated on November 12, 2023

Quick Summary: While Valley National Bank 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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Valley National Bank Homepage

As mentioned in my quick summary, like most United States banks, Valley National Bank 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.

Thankfully there are many cryptocurrency trading platforms to pick from that allow you 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 Valley National 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 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 Valley National Bank.

Buy Crypto With eToro

About Valley National Bank

Valley National Bancorp, doing business under the name Valley Bank, is a regional bank holding firm headquartered within Wayne, New Jersey, with a total of $43 billion in assets. Valley National Bank, its principal subsidiary Valley National Bank (also doing business under the name Valley Bank), currently has 230 branches in central and northern New Jersey, the New York City boroughs comprising Manhattan, Brooklyn, and Queens and also Long Island, Westchester County, New York, Florida and Alabama.

Valley Bank is one of the biggest commercial banks with its headquarters within New Jersey.

Established in 1927, it was originally known in 1927 as in 1927 as the Passaic Park Trust Company, the bank changed its name in middle of the 1930s to become The Bank of Passaic and Trust Company. In 1956, the Bank of Passaic and Trust Company bought Clifton’s Bank of Allwood located in Clifton, New Jersey, and changed its name to The Bank of Passaic and Clifton. The purchase from the Bank of Wayne in 1976 led to the need for a brand new identity to represent the expanded geographical area of the bank which is why the term Valley National Bank was chosen as a an allusion to the low Passaic River valley, which is shared with Wayne, Clifton, and Passaic.

The year 1989 saw Samuel F. Riskin quit as chief executive officer and chairman of the firm. Riskin was the longest-tenured head of Valley National Bank, having been appointed in 1953. Under his direction the bank’s assets rose by 40% to 3 billion. Riskin was killed in the year 1992 was succeeded with Gerald H. Lipkin, who was chair of the Board of Directors for Valley National Bancorp, and who was the CEO and president for Valley National Bank until 2018.