How To Buy Crypto with Suntrust 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 Suntrust 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 Suntrust Bank

As stated above, just like with the vast majority of banks, you can’t buy crypto with Suntrust 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 cryptocurrency trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a cryptocurrency exchange

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 Suntrust 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 Suntrust Bank

SunTrust can be a great choice for people who reside in the Southeast and would like to have in-person banking with a full service financial institution.

SunTrust, a bank that is focused on people who live in the southeast United States, is SunTrust. Truist, which merged the bank with BB&T, is now the bank. The brands however offer different products.

SunTrust offers a variety of CD terms. Website states that you can choose terms from 7 days to 10 years. This page did not display rates for specific CD terms. It only listed four terms that ranged from six to 24 months. SunTrust is the best place to go if you are looking for CDs with a different term.

SunTrust's CDs require a $2,000 minimum deposit before they can be opened. Even though the advertised APYs are lower than the national average, they are still very low.

SunTrust has an Essential Savings Account. There is no minimum deposit required to open the account. The account can also be closed at any time by spending just one penny. This makes it accessible to many savers.

A monthly maintenance fee is not charged for the account. You can avoid the $3 paper statement charge by signing up for e-statements. The account pays very low interest.

SunTrust offers Advantage and Essential Checking checking accounts.

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