How To Buy Crypto with Santander 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 crypto trading platform. However, that doesn’t mean you can’t use your Santander Bank account to buy crypto.

All you need is a reliable and trusted cryptocurrency exchange. 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 Santander Bank

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

However, luckily for us, there are plenty of crypto trading platforms 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 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!

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 Santander Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

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 Santander Bank

Santander Bank is located primarily in Northeast. This makes it ideal for people who live close to branches in Massachusetts and New Jersey, New York and Pennsylvania.

Santander Bank has branches mostly in the Northeast. Massachusetts has almost 200 branches. Massachusetts is where Santander Bank has the largest presence.

Santander Bank's Simply Right Account has no minimum balance requirements and only $25 to open. The $10 monthly maintenance fee is waived if you make at least one transaction per month.

The Student Value Checking Account is an account that students between 14 and 25 can open. There is no monthly service charge.

Santander Select Checking account pays $30 to customers for out-of network ATM fees. However, customers who lose at least $25,000 in bank deposits and/or invest at Santander Investment Services will be charged a $25 monthly fee.

Santander amended its overdraft policy in November 2021 to offer its customers a $100 cushion, before an overdraft charge would be applied. Santander no longer charges customers $12 for overdraft protection.

Santander's mobile bank app also features Zelle. Customers can send money to others or pay bills online with Zelle.

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