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How to Buy Crypto with WSFS Bank in United States

Last updated on November 12, 2023

Quick Summary: While WSFS 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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WSFS Bank Homepage

As mentioned in my quick summary, like most United States banks, WSFS 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 crypto trading platforms 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 WSFS

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

1. Pick a cryptocurrency 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 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 WSFS Bank.

Buy Crypto With eToro

About WSFS Bank

WSFS Financial Corporation is a financial services business. Its main affiliate, WSFS Bank, a federal savings bank, is the most prestigious and longest-running locally managed bank and trust firm located within Delaware as well as within the Greater Delaware Valley. WSFS operates out of 119 branches which include 92 banking establishments, situated across Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1) and Nevada (1) and offers extensive financial services that include retail banking, commercial and commercial banking as well as cash management, wealth and trust management.

serving in the Greater Delaware Valley since 1832, WSFS Bank is one of the oldest ten bank across the United States continuously operating under the same name.

On March 20, 2021 WSFS confirmed the acquisition of Bryn Mawr Bank Corporation for $976.4 million, which will further expand its presence within areas like the Philadelphia suburbs. At the time, Bryn Mawr Bank Corp. had 41 branches operating with its Bryn Mawr Trust name. WSFS plans to preserve the historical Bryn Mawr Trust office building located the area of Lancaster Avenue in Bryn Mawr however, it is planning to close up to 30 percent of the combined company branches. The bank that is merged will manage more than 7% of deposits made by banks within Philadelphia. Philadelphia region.

WSFS provides traditional retail banking services , such as savings and checking accounts and certificates of deposit. They also offer consumer loans, lines credit along with home equity loans. WSFS also provides commercial banking services to small-sized businesses as well as middle market and business banking customers, and also for real property construction and investments. Other divisions or subsidiaries from WSFS Financial Corporation include: