Can You Buy Crypto with Truist Bank?
Yes, it is possible to buy crypto using Truist Bank through a secure FinCEN licensed exchange. Truist Bank does not directly offer cryptocurrency services, but they allow their customers to link their bank accounts to reputable cryptocurrency exchanges that are licensed by FinCEN, which is the US Treasury Department's Financial Crimes Enforcement Network. By doing so, Truist Bank customers can buy, sell, and trade cryptocurrencies through these exchanges using their Truist Bank account.
How to Buy Bitcoin and Crypto with Truist Bank
As outlined earlier in this guide, the best method to buy cryptocurrencies with a Truist Bank account is with a FINRA & FinCEN licensed exchange. To help you get started quickly, we recommend using the eToro platform that offers instant and free USD deposits from Truist to trade 70+ cryptos and thousands of other assets with the lowest comissions.
Here is a simple 4 step guide to getting 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 Truist Bank ACH Transfer or Debit/Credit Card).
- Complete the USD deposit and use the funds credited to your account to invest in cryptocurrencies.

What are the Fees?
When investing in digital assets, it is essential to consider the associated fees. Typically, exchanges will charge fees for deposits, withdrawals, and trading. However, eToro offers several advantages, including free fiat currency and cryptocurrency deposits, and withdrawals that are limited to $5 per transaction. In terms of trading fees, eToro charges 0% on transactions and an average spread of approximately 1%, depending on the asset. This is considerably less expensive than alternatives like Coinbase, which charges over 2% to trade on their platform.
Truist Bank Digital Asset Policy
Although you cannot invest in crypto directly through Truist Bank, users can still purchase cryptocurrencies through FinCEN & FINRA-regulated digital asset exchanges in the USA. There is nothing currently stated in Truist Banks policies that would prohibit its customers from buying or selling digital assets. Furthermore, there have been no reported issues of customers having their accounts frozen for crypto trading, so it's safe to assume the bank is crypto-friendly.
About Truist Bank
Truist Bank is a financial institution formed in December 2019 through the merger of SunTrust and BB&T banks. Truist serves approximately 10 million households in the U.S., offering personal banking, small business banking, corporate and institutional banking, investment services, insurance products, and wealth management services.
The bank has over 2,000 physical locations across 15 states and Washington D.C., as well as a robust online presence. In 2020, Truist was named one of Fortune's World's Most Admired Companies and Forbes' Best-In-State Banks list. Despite receiving mixed reviews from customers, Truist remains a major player in the banking industry with assets totaling nearly $450 billion.
Final Thoughts
To summarize, Truist Bank does not offer direct cryptocurrency services, but Truist account holders can still buy and trade cryptocurrencies through licensed and regulated exchanges. Our analysis recommends eToro as a suitable exchange for Truist Bank customers due to its instant and free USD deposits, low trading fees, and FinCEN licensing. Overall, Truist Bank's policies do not prohibit buying and selling digital assets, making it a crypto-friendly bank.