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 TD Bank account to buy crypto.
All you need is a reliable and trusted cryptocurrency 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 TD Bank
As stated above, just like with the vast majority of banks, you can’t buy crypto with TD 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 exchange.
However, there are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.
1. Choose a crypto exchange
While there are a lot of cryptocurrency trading platforms, 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 TD 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!
About TD Bank
TD Bank N.A. (American National Bank) is a Canadian subsidiary of Toronto-Dominion Bank. It is based on the East Coast, with fifteen U.S. States as well as Washington, D.C. TD Bank, which has been the subject of numerous mergers and acquisitions, is the 7th-largest U.S. Bank in deposits and 11th in total assets. TD Bank N.A. Cherry Hill, New Jersey.
It replaces Portland Savings Bank. Banknorth was later created by a series of mergers. Toronto-Dominion Bank was then made majority owner in 2004. The bank was renamed "TD Banknorth N.A." by adding the Canadian bank's "TD" initials. Toronto-Dominion Bank bought Commerce Bank and merged it to create TD Bank N.A.
TD Bank N.A. was established in 2010. South Financial Group was purchased by TD Bank N.A. along with its 172 branches throughout the Carolinas. South Financial was Carolina First's parent company. There were branches in North Carolina and South Carolina as well as Mercantile Bank with branches in Florida. This transaction cost $191 million. TD Bank took over South Financial branches.
2013 was a record year for TD Bank N.A. Cherry Hill, New Jersey was the new headquarters of TD Bank, U.S.