How To Buy Crypto with Huntington Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

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 cryptocurrency trading platform. However, that doesn’t mean you can’t use your Huntington 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.

Buy Crypto with eToro

How to buy crypto or bitcoin with Huntington Bank

As stated above, just like with the vast majority of banks, you can’t buy crypto with Huntington 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 trading platform.

However, luckily for us, there are plenty of cryptocurrency exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a crypto trading platform

While there are a lot of cryptocurrency 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!

etoro crypto

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.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your Huntington 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!

Buy Crypto with eToro

 

 

About Huntington Bank

Huntington is a convenient choice for people who live in both the Midwest and South but prefer to bank in-person. It offers many consumer-friendly features, including a no-frills free checking account and 24-hour overdraft forgiveness. You can also make deposits all day. The deposit cutoff is extended to midnight on working days.

Huntington National Bank provides consumer-friendly products as well as a network with more than 1,100 branches, mostly in the Midwest or South.

Huntington offers three types checking accounts: Asterisk free Checking, Huntington 5-Checking and Huntington-25 Checking.

Asterisk Free Checking is a zero-frills checking account. You don't need to make a minimum deposit in order to open an account. There is also no monthly maintenance charge.

Huntington 5 Checking offers interest-bearing accounts that include fees waivers for up to five ATM withdrawals per calendar month. You can waive the $5 monthly fee if you have $5,000 across multiple accounts.

Huntington 25 Checking is the Huntington checking account with the highest annual percentage yield. With a minimum of $25,000 in combined accounts, the $25 monthly service charge can be waived. Huntington waives the $3 fee that is charged for cash withdrawals from ATMs outside of its network. The ATM owner also gets reimbursed.

Huntington offers Premier Savings or Relationship Savings.

Relationship Savings has a $10 monthly charge. This fee is easily avoided by keeping a minimum daily balance of $2,500 and having a Huntington checking or savings account. To open the account and earn interest, you only need to pay a penny unless it is linked with private client accounts.

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