How to Buy Crypto with Fifth Third Bank
Author: Marco Vela - Fact-checked ✓
Summary: While Fifth Third Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto 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, Fifth Third 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 cryptocurrency 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.
Table of Contents
How to buy crypto or bitcoin with Fifth Third Bank
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 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 Fifth Third Bank.
About Fifth Third Bank
Fifth Third Bank is a great choice if you are looking for a regional bank that provides the same basic features as a brick-and mortar bank.
Fifth Third Bank, a regional bank with over 1,090 branches and customers in 11 states, is Fifth Third Bank.
Fifth Third Bank offers several checking account options. Momentum does not require a deposit nor do they charge a monthly fee. However, it doesn't pay interest.
Customers have unlimited access to over 50,000 ATMs, regardless of the account they choose. A well-rated mobile banking app can also be used to access checking accounts. It offers a range of features such as instant alerts for account activity, mobile deposit capture, and the ability update account information.
Fifth Third Bank offers several types CDs. A one-year CD with a very low rate of interest is available, but you will need to open it for $500.
There are also promotional CDs available with different rates depending on where you live. A 529 CD is also available to save money, which can be used to set aside money for college.
Fifth Third Bank offers several savings options, including one that is suitable for minors and one that is suitable for health savings.
You can track your progress towards a goal with the Fifth Third Momentum savings accounts. Savings accounts cost just one penny to open, but they pay a low rate and a $5 per month fee for balances less than $500.
Fifth Third Relationship Money Market Savings Account has tiered rates that are based on account balance. However, even the highest yield is lower than online banks. If you do not have a Fifth Third checking or savings account, balances below $500 will be subject to a $10 per month fee.
Fifth Third Relationship Money Market Savings account offers check-writing privileges. This feature is not available on all money market accounts. However, checks must be purchased.
Fifth Third Bank offers access to thousands of ATMs as well as a highly-rated mobile app.
Fifth Third credit and debit cards are compatible with Apple Pay, Samsung Pay and Google Pay. Zelle is available for peer-to-peer transactions.
Customers have access to over 1,090 branches for in-person banking. Although the bank's call centre is closed Sundays and its chat function is available 24/7, support is available through the bank's website.
Fifth Third Bank, a subsidiary of Fifth Third Bancorp, based in Cincinnati is Fifth Third Bank. Fifth Third Bank has customers throughout Ohio and the Midwestern states.
It has strong ties to the communities that it serves. It was the first American financial institution to establish a charitable foundation in 1948.
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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.