How to Buy Bitcoin and Crypto with Regions Bank
As outlined above, the best and easiest way to purchase cryptocurrency with your Regions Bank account is through eToro. You can deposit funds to Uphold from Regions Bank via bank transfer, credit/debit card and Skrill. The process has only four simple steps and won’t take longer than 10 minutes to complete.
Here is a step-by-step guide to get started:
- Visit eToro to sign up and verify your identity.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Select the amount of USD you want to deposit and your preferred method (select Regions Bank transfer).
- Transfer funds to the bank details provided and you will be ready to buy & sell crypto assets on the platform.
What are the Fees?
The fees to trade crypto assets will vary depending on the cryptocurrency exchange you use to trade and invest. One of the key reasons we recommend eToro is because their platform keeps costs low. They offer free USD deposits, zero fees and tight spreads that make them much more competitive than expensive alternatives like Kraken and Coinbase.
Is Regions Bank Crypto-Friendly?
Regions Bank does not offer direct cryptocurrency trading or investing services. However, they do allow customers to purchase digital assets through their bank account using an FINRA-regulated third-party crypto investing platform like eToro. So, while Regions Bank is not explicitly crypto-friendly, they do enable their customers to invest in cryptocurrencies through trusted third-party providers.
About Regions Bank
Regions Bank is a banking subsidiary of Regions Financial Corporation, one of the largest banks in the United States. It is headquartered in Alabama and serves customers across the South, Midwest, and Texas. Regions provide traditional consumer and commercial banking, stock brokerage, wealth management, trust, and mortgage services.
With over 1900 ATMs and 1400 branches in 16 states across the Southern and Midwestern United States, Regions Bank is meeting the personal and commercial needs of clients. They also offer small business financing, cash management, and merchant services. Moreover, Regions Bank has some of the best financial consultancy services in the South and Midwest.
In summary, while Regions Bank does not currently offer direct cryptocurrency trading or investing services, customers can purchase digital assets through eToro, an FINRA-regulated third-party crypto investing platform. Our analysis has found eToro to be the best option for Regions Bank customers due to its fast and cheap USD deposits, low fees, and wide selection of over 60 cryptocurrencies, stocks, ETFs, commodities, and more.
With only four simple steps, it's easy to get started with eToro and begin trading and investing in digital assets. While Regions Bank may not be considered crypto-friendly, their partnership with eToro allows customers to access the world of cryptocurrencies in a trusted and regulated manner.