How to Buy Bitcoin and Crypto with Chase Bank

The best way to invest in cryptocurrencies like Bitcoin and Ethereum with Chase Bank is through eToro US. To buy crypto on eToro, you simply need to send USD from your Chase Bank account through Bank Transfer, Credit/Debit Card, Skrill, Neteller or PayPal. Follow the below guide to get started.

  1. Sign Up: Create an account on eToro and complete the verification process.
  2. Deposit Funds: Click ‘Deposit Funds’, pick a method and send USD from Chase Bank.
  3. Find Token: Go to the search bar, input the asset you want to buy and click ‘Trade’.
  4. Buy Bitcoin: Enter the amount you want to purchase and tap ‘Open Trade’.
eToro App
eToro Trading App.

Cryptocurrency Investing Fees

Investing in cryptocurrencies can be an expensive endevour depending on the exchange you use. Most exchanges will typically charge four fees; the deposit, withdrawal, trading and account management fees. However, eToro only charges one fee to buy crypto and that is a flat 1% fee on all cryptocurrency trades. 

eToro does not charge any fees to deposit funds onto the platform, although there is a small $5 USD fee on all withdrawals to your Chase Bank account. But this is relatively low in comparison to major exchanges like Coinbase who charge $25 per withdrawal.

Chase Bank Crypto Asset Policy 

Chase Bank has not yet released an official statement on its position regarding cryptocurrencies. However, given that they allow customers to buy crypto with USD using an online banking account, debit card or credit from exchanges, it is likely that the bank is open to the idea of digital assets.

As such, we don't expect any major issues when using your Chase account to buy crypto. There is nothing currently stated in its policies that would prohibit its users from investing in digital assets. Furthermore, there have been zero reports of users funds being frozen when investing in cryptocurrencies. 

About Chase Bank

Chase Bank is operating as a subsidiary of JPMorgan Chase & Co. (NYSE: JPM) and is currently one of the Top financial services firms recognized in the market. The bank provides a wide range of services, including savings accounts, loans, credit cards, and more. The bank has more than 16,000 ATMs and more than 5,000 branches across the US and holds a total of $2.6 trillion in assets worldwide.

Chase Bank

Chase Bank was established in 1799. The New York City-based firm was first known as Bank of the Manhattan which aims to provide water within the City. The company eventually opens its financial services (loans and savings accounts) and rebranded itself as Chase National Bank in 1955. The bank merged with JPMorgan, a multinational investment bank that also offers financial services, and became JPMorgan Chase in 2000.

The bankis now serving more than 50 million clients from more than 100 countries. It focuses on making a difference in the communities that it serves by investing in job creation, Education, and overall economic development. The firm also combats social and economic issues by working with government agencies and even nonprofit organizations.