How to Buy Bitcoin and Crypto with Regions Bank
The best and easiest way to purchase cryptocurrency with your Regions Bank account is through Uphold US. 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. Let's get started:
- Create Free Account: Sign up to Uphold and complete your identity verification.
- Fund Account: Connect your Regions Bank account to complete a bank transfer via Plaid or ACH.
- Find Token: Head to the search bar and find the cryptocurrency you want to buy.
- Buy Crypto: Input the amount of USD you want to invest and tap ‘Open Trade’.
Crypto Investing Fees and How to Minimize Them
If you’re new to crypto, it’s important to be aware of fees that apply to every trade you perform. There are primarily two types of fees - exchange fees and network fees. The exchange fee includes charges for common transactions like trading, deposits, withdrawals, and loans. On the other hand, the network fee is what you pay when you use a decentralized platform like Aave.
If you want to minimize the crypto trading fees per transaction, opt for Uphold. The platform currently charges zero fees on all cryptocurrency trades. Further, Uphold doesn’t charge any fee for depositing funds into your account and withdrawals are a small $5 fee per transaction.
Is Regions Bank Crypto-Friendly?
Regions Bank does not currently offer any cryptocurrency services to its customers. In a statement released in January 2021, the bank stated that it is "closely monitoring developments in the digital assets space" but has not made any decisions on offering such services at this time.
While Regions Bank may not offer crypto services in the immediate future, it does recognize the potential benefits and opportunities presented by digital assets and will continue to evaluate this rapidly evolving industry. Customers interested in purchasing or trading cryptocurrencies are allowed to invest in digital assets with the funds in their Regions Bank account.
As always, Regions Bank is committed to providing the best possible banking experience for its customers and will continue to keep a close eye on developments in the digital assets space. Overall, it appears that Regions Bank is crypto-friendly and remains open to the potential of cryptocurrencies in the future.
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.