How to Buy Bitcoin and Crypto with Huntington Bank
The easiest way to trade cryptocurrencies while being a Huntington Bank user is by using eToro as your investing platform. Deposit your preferred fiat currency from your Huntington Bank account to your eToro account through one of the following methods; Bank transfer, Debit/Credit card, Neteller & Skrill. Follow the below steps to buy Bitcoin with eToro.
- Open an account with eToro and complete the onboarding process.
- Go to ‘Deposit Funds’, pick a method of choice and send funds from Huntington Bank.
- Find whatever asset you want to buy from the search bar and click on ‘Trade’
- Enter the amount you want to purchase and tap ‘Open Trade’.
Cryptocurrency Investing Fees
eToro offers a lower-than-market flat 1% fee on all cryptocurrency trades, and has no hidden charges for fiat currency or crypto deposits. To withdraw funds to your Huntington bank account, you will have to pay a nominal fee of $5 USD. There are no additional hidden service charges or any other transaction fees. To learn more about eToro’s pricing, you can visit eToro’s Fees.
Huntington Bank Policy on Digital Assets
As outlined by the SEC, banks in the U.S. still have to wait for a clear directive on their policies about digital assets. Like all other major banks, Huntington Bank is quiet on this topic. While their fiat policies are transparent and open to the public, discretion is recommended when dealing with digital assets.
As of now, no definitive policy has been outlined and all secondary trading activities in conjunction with the Huntington Bank are beyond the reproach of regulatory bodies. However, Huntington account holders should not be concerned when transferring their funds to a regulated cryptocurrency exchange like eToro, as they have acquired licensing to operate in the US.
About Huntington Bank
Huntington Bank is a regional bank headquartered in Columbus, Ohio. Founded in 1866, it currently operates over 1,000 branches and nearly 2,000 ATMs across eight Midwestern states including Ohio, Colorado, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Pennsylvania, West Virginia, and Wisconsin.
In addition to traditional banking services such as checking and savings accounts, Huntington also offers mortgage loans, investment options, and small business banking solutions. The company has received positive reviews for its convenient mobile app and customer service representatives.