Last update: Jun 16, 2022

How to Buy Crypto with Capital One Bank

Marco velaAuthor: Marco Vela - Fact-checked ✓

Summary: While Capital One Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto trading platform.

There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.

They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!

Buy Crypto with eToro
[Rated 4.2/5 based on 15710 reviews on Trustpilot]

Capital one bank

As mentioned above, just like most banks, Capital One Bank doesn’t offer cryptocurrency trading directly, as setting up a crypto exchange is quite complex and comes with regulations and extra requirements for the banks.

There are many crypto exchanges that you can use for buying bitcoin and other cryptocurrencies.

Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.

How to buy crypto or bitcoin with Capital One Bank

There are only 4 steps involved, let’s get started!

1. Choose a cryptocurrency exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

Let’s get started!

Etoro crypto

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).

Etoro sign up

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy cryptocurrency

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with Capital One Bank.

About Capital One Bank

Capital One is the perfect bank for those looking for full-service banking with access to select branches and a large network of ATMs that are free.

Capital One Bank is one of the 10 largest banks in the United States, with branches located in seven Eastern and two Southern regions.

Capital One offers CDs with terms ranging from six months to five year. The rates for most terms are very competitive and there is no minimum deposit.

Based on the term length, early withdrawal penalties can vary. Early withdrawal penalties for CDs less than one year are three months, and six months for CDs with terms greater than one year.

Capital One 360 Checking is an attractive interest-bearing account that offers tiered rates, allowing people with higher balances to make more. This account is completely free and allows mobile deposits as well as online bill payment. It also comes with a 50-check checkbook and a free checkbook.

Capital One no longer charges nonsufficient fund (NSF), and caps overdrafts at 1 per day as of August 2021. The bank also announced in December 2021 that it would be eliminating overdraft fees effective early 2022. Capital One has stopped offering overdraft lines to new account holders since May 15, 2020.

Capital One 360 Checking customers have access to over 70,000 fee-free ATMs. This includes ATMs in the Allpoint or MoneyPass networks.

Capital One's mobile app allows users to use the Add Cash in Store feature. This allows them to deposit as much as $999 per day, up to five times per month at CVS shops through a cashier.

Direct deposit customers who receive their paychecks early may also be eligible to receive funds or paychecks up to two days before the deadline.

Capital One's 360 Performance savings account offers a competitive yield on all balances. There is no minimum balance requirement making it accessible to all savers. For additional budgeting convenience, users can set savings goals or automatic savings plans with funds transferred from Capital One 360 checking accounts. New customers cannot access 360 Savings or 360 Money Market Accounts after September 2019.

Capital One is smaller than its competitors but offers cutting-edge digital banking features. Capital One was the first U.S. bank to offer a skill for Amazon Alexa, so customers can speak commands to find information such as bank account balances.

High marks are also given to the bank's mobile app and web interface in Android and iOS apps stores. Mobile customers can send and get money via Zelle through Capital One.

Capital One has 333 branches in selected states that offer in-person banking. It also operates approximately 50 Capital One Cafés where customers can open accounts and deposit cash or checks. Cafes offer food and beverages to all customers.

Account holders are eligible to attend free events and receive financial coaching sessions.

Capital One's own-and-operated ATMs and the Allpoint/MoneyPass networks allow customers to access over 70,000 ATMs. Users of mobile apps can use the Add Cash in Store feature, which allows them to deposit cash in CVS stores by contacting a cashier. For those who receive a monthly paycheck or have a tight budget, early paychecks allow direct deposit customers to access their incoming funds up until two days before the due date.

Capital One Financial Corp.'s banking unit offers checking, savings, and certificates of deposit. Capital One was founded by Richard Fairbank, Nigel Morris and Signet Bank in 1988. Capital One, which offered credit cards, was spun off in 1994. Capital One purchased ING Direct in 2012 and rebranded it as Capital One 360.

Capital One is the perfect bank for those looking for full-service banking with access to physical branches and a large network of ATMs that are free. If you are looking for the best rates on savings products, Capital One is not the right choice.

Capital One has 333 branches across Connecticut, Delaware, Louisiana, Maryland, New Jersey, New York, Texas, Virginia, and Washington, D.C.


author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.