How to Buy Bitcoin and Crypto with Capital One Card

The most secure and affordable way to buy cryptocurrencies like Bitcoin and Ethereum with a Capital One card or bank account is through eToro US. To buy crypto on eToro, you simply need to send USD from your Capital One account via Bank Transfer, Credit Card, Debit Card or Skrill. Follow the below guide to buy Bitcoin with a Capital One Card.

  1. Open Free Account: Sign up to eToro and complete the onboarding process.
  2. Fund eToro Account: Tap ‘Deposit Funds’, pick ‘Credit/Debit Card’, select USD as your currency input your Capital One card details, then click ‘Deposit’. 
  3. Find Bitcoin: Head to the search bar and type ‘Bitcoin’, then tap ‘Trade’.
  4. Buy BTC: Input the amount you of USD you want to invest and click ‘Open Trade’.
Deposit Funds via Capital One Card or Bank to trade Crypto.

Fees to Invest in Digital Assets

Depending on the exchange you use, investing in cryptocurrencies can be expensive. Four fees are usually assessed by exchanges: deposit, withdrawal, trading, and account management fees. However, eToro only levies one fee to purchase cryptocurrency, which is a flat 1% fee on all trades.

Although there is a small $5 USD fee for every withdrawal to your Capital One account, there are no fees for eToro users to deposit money onto the platform. But when compared to significant exchanges like Coinbase, which charge $25, this is comparatively low.

Capital One Cryptocurrency Policy

The purchase, sale, and trading of cryptocurrencies through Capital One's online banking platform are not currently supported. However, Capital One has no issues with its users investing in digital assets through a licensed and regulated cryptocurrency broker like eToro.

Capital One has nothing stated in its policies that would prohibit its customers from investing in digital assets with the funds in their bank accounts and credit/debit cards. Additionally, there have been zero reports of users funds being halted when transferring to a cryptocurrency exchange.

Capital One Online Banking.
Capital One Online Banking.

What is Capital One

Capital One is a financial services company offering banking, credit cards, loans, and investments. Capital One Bank operates over 900 branches primarily in the Eastern United States. They are known for their innovative use of technology and data-driven approach to banking. They have also made a commitment to responsible lending and financial education for their customers. 

In addition to traditional banking products, Capital One offers online and mobile banking options as well as investment advisory services. Founded in 1988, Capital One became a top 10 bank in the United States by total deposits in 2017. As of 2019, they serve over 50 million customers across the country.