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How to Buy Crypto with Wells Fargo in United States

How to Buy Crypto with Wells Fargo in United States

By Li Wang

Last updated on January 23, 2024

Quick Summary: While Wells Fargo 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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As mentioned in my quick summary, like most United States banks, Wells Fargo 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.

Thankfully there are many crypto exchanges 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 Wells Fargo

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.

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 Wells Fargo.

Buy Crypto With eToro

About Wells Fargo

Wells Fargo & Company is an American multinational financial services firm with its corporate headquarters at San Francisco, California; the operational headquarters are located in Manhattan and management offices across all of the United States and internationally. It operates in 35 countries and has more than 70 million customers worldwide. It is recognized as an important institution in the financial system through the Financial Stability Board.

The primary subsidiary of the firm is Wells Fargo Bank, N.A. which is a national bank that has designated it’s Sioux Falls, South Dakota location as the main office. It is the fourth-largest institution in the United States by total assets and is one of the top five banks based on market capitalization and bank deposits. Alongside JPMorgan Chase, Bank of America and Citigroup, Wells Fargo is one of the “Big Four Banks” of the United States. It has 850 branch locations and 13,000 ATMs. It is among the top bank brands.

Wells Fargo, in its current form, is the product of the merger between first Wells Fargo & Company and the Minneapolis-based Norwest Corporation in 1998. Although Norwest was the only survivor, the combined company adopted the well-known Wells Fargo name and moved to Wells Fargo’s main office at San Francisco. In the same period, its bank subsidiary was merged with the Sioux Falls-based bank of Wells Fargo’s subsidiary. Wells Fargo became a coast-to-coast bank following the acquisition in 2008 of the Charlotte-based Wachovia.

Wells Fargo has banking services across the globe, including overseas branches located in Hong Kong, London, Dubai, Singapore, Tokyo and Toronto. Back-offices are located in India as well as the Philippines with over 20000 employees.

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Li Wang

Li Wang is an investment guru with a penchant for portfolio diversification and risk management. With a sharp eye for identifying lucrative opportunities, Li has been instrumental in developing investment strategies that balance return and risk. His commentary on financial instruments and market movements is followed by investors seeking a keen analytical perspective.