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How to Buy Crypto with Western Alliance Bank in United States

Last updated on November 12, 2023

Quick Summary: While Western Alliance 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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Western Alliance Bank Homepage

As mentioned in my quick summary, like most United States banks, Western Alliance Bank 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 Western Alliance 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 Western Alliance Bank.

Buy Crypto With eToro

About Western Alliance Bank

With over $65 billion of funds, Western Alliance Bancorporation is one of the top performing banks. Through its main affiliate, Western Alliance Bank, as a member of FDIC business customers can receive a range of banking services that are tailored to their needs and exceptional service provided by professionals who put the needs of their the needs of customers first.
Some of the most notable awards include being named as the #1 bank that is performing well with assets of more than $50 billion by each American Banker and Bank Director. Serving customers across the nation everywhere business takes place, Western Alliance Bank is trying to become the country’s leading commercial bank by offering its own full-service bank, financial and full-service brands, and has offices in major markets across the country.

Western Alliance Bancorporation is a U.S. regional bank holding firm that provides commercial and retail lending, real estate private banking, as well as specific financial services. The headquarters is located within Phoenix, Arizona. It is ranked eleventh in the Forbes listing of the America’s Top Banks in 2022. Western Alliance is 45th on the list of top bank within the United States.

The company’s banks subsidiaries comprise Alliance Association Bank, a commercial bank that specializes homeowners associations within Arizona; Alliance Bank of Arizona, a bank for retail customers that is located throughout the state; Bank of Nevada, a retail bank located in the Las Vegas area; Bridge Bank is a commercial bank located in the San Francisco Bay Area with loan production offices across nine states

First Independent Bank, a retail bank located in the western part of Nevada as well as Torrey Pines Bank, a retail bank located in Southern California. Western Alliance also operates AmeriHome Mortgage an mortgage loan company.