How to Buy Crypto with Citibank
Summary: While Citibank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency exchange.
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
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As mentioned above, just like most banks, Citibank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency trading platform is quite complex and comes with regulations and extra requirements for the banks.
There are many crypto trading platforms 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.
Table of Contents
How to buy crypto or bitcoin with Citibank
There are only 4 steps involved, let’s get started!
1. Choose a crypto 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!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).
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 crypto
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 Citibank.
Citibank is a large bank that has more than 2300 branches and 65,000 ATMs across the U.S. It offers easy access to your money. Although it may not be the right fit for all customers, especially those who cannot meet the minimum balance requirements for waiver fees, it's a great choice for those who:
Citibank, a large financial services company, offers many accounts and services.
Citibank offers five checking account packages, one high-yield package and two regular checking accounts. Customers can choose according to their specific needs. There is no minimum deposit required to open a checking account. If the minimum criteria are not met, however, every checking account package will charge a monthly service fee.
Monthly service fees for Access Account and Basic Banking packages can be waived by one of three methods: making a qualifying deposit, paying a qualifying bill, or maintaining an average balance of at least $1,500 in eligible linked accounts.
All five regular checking accounts packages include a savings account. A Citibank checking account package must be opened to open the CitiGold Private Client savings accounts. This savings account cannot be opened without opening a checking or savings account.
To open a savings account, there is no minimum deposit. The account is not subject to a monthly service charge and must be part a Citibank checking package.
CitiBusiness Account, a money market account, earns short-term market rate in an account insured under the Federal Deposit Insurance Corporation. Account owners are allowed to write checks in all types of checking accounts, except Access Account. Citi Savings Accounts must be included in a Citibank checking package. There is no monthly service fee.
Citibank offers three certificates for deposit (CDs) with distinctive features. All CDs require an initial deposit minimum, however some offer higher rates for larger amounts.
First, a fixed-rate CD has terms that range from 3 months to 5 years. The second option is the Step Up CD where the rate rises every 10 months. A CD is the last option. You will get a guaranteed interest rate and can withdraw your balance at anytime.
A 90-day penalty for early withdrawal is assessed on CDs with a maturity of less than one year. A penalty of 180 days is assessed for CDs that mature in less than one year.
Citibank is the largest credit card issuer in the world, and there are many credit cards for small businesses. These cards can be used to earn airline miles, cashback, travel rewards, cashback and Citibank's own ThankYou Points. These are just a few of the Citibank credit cards.
Saving money on other products can be possible through your deposit and investment relationship at Citibank. You can save money by agreeing that your Citibank account will automatically draft your mortgage payment. A Citibank account can help you save $500 on closing costs for your mortgage.
Citi Mobile, CitiPhone, and Citi text banking allow customers to access their accounts. Chat online or visit a branch to speak with someone.
Citi Mobile App allows you to view your account balances, make mobile deposit deposits, locate ATMs and bill payments, as well as find branches or ATMs nearby. You can also pair the mobile app with an Apple Watch if you're an Apple fan. It is currently ranked No. The app is currently ranked No. 29 in the Finance category of the iOS App Store, and has a rating of 4.9 stars.
The Twitter account @AskCiti allows you to ask general questions about your account. When tweeting with @AskCiti, it is important to not reveal your Citibank account number.
J.D. In February 2020, J.D. Power ranked Citibank at the top in customer satisfaction for retail banking advice.
Citibank is the world's largest financial institution. Citibank offers many account options to suit your needs. There are thousands of ATMs and branches that can access your account. You don't need to deposit a minimum amount in order to open savings or checking accounts. Citibank accounts work best for those who are able to meet the activity or balance requirements. Customers who have combined balances can get discounts and waive fees.