Can you Buy Crypto with Synchrony Bank?
While Synchrony Bank and other traditional US banks do not offer direct cryptocurrency purchasing options, investors can still purchase cryptocurrencies through a FINRA-licensed and regulated platform that accepts deposits from Synchrony Bank via ACH Transfers, debit cards, and credit cards.
Synchrony has also not announced any plans to natively support digital asset trading or custody.
How to Buy Bitcoin and Crypto with Synchrony Bank
As outlined above, the best way to buy digital assets with a Synchrony Bank account is through a regulated cryptocurrency exchange in the USA. With this method, you can deposit USD via ACH Transfer, Debit Card, Credit Card and more from your account.
Follow our simple step-by-step guide below 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 deposit method (e.g Synchron Bank ACH Transfer or Capital One Debit/Credit Card).
- Complete the USD deposit and use the funds credited to your account to invest in cryptocurrencies.

Fees to Invest in Digital Assets
When it comes to depositing USD from a Synchrony Bank account to fund a cryptocurrency exchange, the fees may vary depending on the platform used. For example, ACH transfers to a US-based exchange like eToro are usually free, but trading fees may differ. eToro has a 1% spread with no extra fees, whereas popular retail alternatives such as Kraken and Coinbase charge a 1% fee plus a 1% spread.
It's essential to keep in mind that Synchrony Bank Credit Card deposits to eToro incur a fee of 2.49%. This is because the card issuer, Mastercard, imposes a fixed fee for all credit card transactions, including cryptocurrency transfers or deposits.
Synchrony Bank Crypto Policy
Synchrony Bank has a progressive stance on cryptocurrency, and while they do not offer direct cryptocurrency purchases, they do allow their customers to transfer USD from their bank accounts to a digital asset exchange. This means that customers can purchase cryptocurrencies through a FINRA-licensed and regulated platform that accepts deposits from Synchrony Bank via ACH Transfers, debit cards, and credit cards.
Bottom Line
To summarize, Synchrony Bank does not offer direct cryptocurrency investments, but their customers can transfer funds via ACH Transfer, Debit Card, or Credit Card to a FINRA-licensed and regulated cryptocurrency exchange. We recommend eToro as the best option for trading cryptocurrencies due to their instant USD deposits from Synchrony Bank, low fees, and spreads.