Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a crypto exchange. However, that doesn’t mean you can’t use your Chase Bank account to buy crypto.
All you need is a reliable and trusted crypto trading platform. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.
How to buy crypto or bitcoin with Chase Bank
As stated above, just like with the vast majority of banks, you can’t buy crypto with Chase Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a crypto exchange.
However, there are many cryptocurrency exchanges that you can use for buying bitcoin and other cryptocurrencies.
1. Choose a cryptocurrency trading platform
While there are a lot of crypto exchanges, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.
The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).
Let’s get into it!
2. Create an account on the exchange
The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.
3. Transfer funds into the account
Transferring funds from your Chase Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.
4. Buy cryptocurrency
Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.
And that’s it, you now have some crypto, congratulations!
About Chase Bank
Chase Bank offers full-service banking with over 4,700 branches and 16,000 ATMs. It was founded in New York City in 1799 to supply water to the residents of the city. One small provision in the charter allowed banking operations with surplus capital. It opened a bank, the Bank of Manhattan Company, within five months.
More than 1,200 institutions have joined forces to create America's largest financial institution, with assets totaling $2.6 trillion.
Chase Bank boasts a vast network of branches throughout the United States to serve your banking needs. Customers may also have free access to 16,000 Chase Bank ATMs. Customers who are not able to access a Chase Bank ATM, branch or ATM in their area can access their accounts online.
Ability to waive monthly fees for checking accounts: Customers can waive the monthly maintenance fees for checking accounts by doing one or more of these things: Deposit $500 that month into the account, maintain a minimum balance at $1,500, and have a combined average starting balance of $5,000 in all connected Chase accounts.
Chase has many popular credit cards, including well-known brands. You have a choice of 26 personal credit cards or nine for small businesses. There are many options for credit cards depending on whether you want cash back, travel reward points, or balance transfer.
Chase Bank, a large depository bank, offers a variety of accounts and services. Customers can have multiple checking, savings, certificates of deposit (CDs), and credit cards to meet their lending needs. Customers who have multiple Chase products receive better pricing and the option to combine balances to waive fees.
Chase Bank offers several options for checking accounts. Unless you meet the criteria, all accounts have monthly maintenance costs. The Chase Total Checking is the most common account. Chase Premier Plus Checking is Chase Sapphire Banking. Premier Plus Checking accounts are exempt from the $2.50 non-Chase ATM Fee up to four times per statement cycle. Sapphire Banking account reimburses ATM fees and waives ATM fees.