How to buy Crypto with Fifth Third Bank
As mentioned above, the best way to invest in cryptocurrencies with a Fifth Third Bank account is with a regulated crypto-broker in the United States. The best exchange for Fifth Third bank account holders is Uphold because it supports the widest variety of deposit methods which include ACH Transfer, debit card deposits, credit card deposits, PayPal deposits and much more.
Follow our simple guide to buy digital currencies directly from your Fifth Third account:
- Open an account with Uphold and complete the identity verification process.
- Go to ‘Deposit Funds’ and select 'My banks' to connect your Fifth Third Bank account.
- Find whatever asset you want to buy from the search bar and tap ‘Trade’.
- Enter the amount you want to purchase and select ‘Open Trade’.
What are the Fees to Invest in Crypto Assets?
The main cost associated with investing in cryptocurrencies is the spread, which is the difference between the buy and sell price of an asset. The spread can vary from exchange to exchange but is generally around 0.5% on Uphold. Other exchanges like Coinbase charge a similar spread, as well as a 2.99% transaction fee - which is why we recommend the Uphold exchange to investors in the US.
53 Bank Digital Asset Policy
Fifth Third Bank appears to be crypto-friendly, as they have been known to work with cryptocurrency companies in the past. The bank also allows customers to deposit funds into regulated trading platforms via ACH transfer and other methods, which means customers do not have to worry about having their accounts closed for engaging in crypto activity.
Overall, Fifth Third Bank seems to be relatively friendly towards cryptocurrency, but it is always best to err on the side of caution when dealing with any financial institution.
About Fifth Third Bank
Fifth Third Bank is a U.S. regional banking corporation, headquartered in Cincinnati, Ohio at Fifth Third Center, and is the principal subsidiary of Fifth Third Bancorp, a diversified financial services company. The company operates under an Ohio charter. As of October 2022, the company had $142 billion in assets and operated 1,262 full-service Banking Centers and 2,439 ATM locations in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina.
In addition to traditional banking products and services, the company provides investment advisory services, merchant processing solutions and title insurance. Fifth Third also owns a minority stake in Vantiv, a publicly traded credit card processor. The company's Fifth Third Securities subsidiary provides investment banking and capital markets services.
The company's name is derived from the names of the two merging banks, Fifth National Bank and Third National Bank, that merged in 1908. The name went through a series of changes over the years until it was changed to "Fifth Third" in 1969. In 1999, the company completed a merger with First Charter Corporation that resulted in the creation of Fifth Third Bancorp, a diversified financial services company. The company acquired Old Kent Bank in 2001 and announced its purchase of MBNA's credit card business in 2006.