Last update: Jun 16, 2022

How to Buy Crypto with M&T Bank

Marco velaAuthor: Marco Vela - Fact-checked ✓

Summary: While M&T 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]

M&t bank

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

Luckily for us, there are plenty of cryptocurrency exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

You can sign up for an exchange (we will use eToro as our example because it is a trusted and worldwide exchange) and transfer funds to the exchange to trade crypto.

How to buy crypto or bitcoin with M&T Bank

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

1. Choose a cryptocurrency trading platform

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 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 M&T Bank.

About M&T Bank

M&T Bank is the best choice for those who live near a branch of the bank and want a checking account that has no monthly service fees.

M&T Bank is headquartered in Buffalo, New York. It is the 25th-largest bank in America based on assets.

M&T Bank's EZChoice Checking Account has no monthly fee and only $25 to open. Customers can upload their photos or use one of M&T Banks' images to personalize their debit cards.

M&T Bank operates 1,600 ATMs within its network. A non-M&T ATM will cost you $3.

M&T Bank charges $50 to close an M&T checking or savings account within 180 days after opening it. This is except for its MyWay Banking checkless accounts.

Customers with balances greater than $1 can earn interest through the Relationship Savings Account. However, the national average savings account yield APY is lower than the yield for customers with a higher tier of $100,000 and more.

There are several ways to avoid the $7.50 monthly service fees on the Relationship Savings Account: Maintain a minimum daily account balance of $500, deposit one time per service cycle into the Relationship Savings Account or have a M&T checking account.

M&T Bank offers almost three dozen terms for CDs, ranging in length from 32 days up to six years. Each CD requires at least $1,000 to open, and can only been opened at an M&T Bank Branch.

M&T Bank charges interest and a flat fee for early withdrawals from CDs. The amount depends on the term length. Early withdrawals from CDs with terms less than 365 days cost $25, 91 days of interest and $50 respectively. Premature withdrawals from CDs with terms greater than 364 days cost $50, 182 days of Interest and $50 respectively.

Customers can avoid the $15 monthly service charge by having a MyChoice Money Market account. This account is either eligible for M&T checking accounts or maintaining a minimum $2,500 daily balance. You can also use the account to write checks.

Although an introductory rate is available, it lasts for just three months and pays less than half of the national average rate.

M&T Bank offers support via a general customer service number that is available 24 hours a day. There are more than 750 branches in retail and commercial, and there are more than 1,600 ATMs throughout eight states and Washington D.C.

M&T Mobile Banking is rated 4.5 stars by Apple's App Store, but only 3.7 stars by Google Play.

M&T Bank has more than 750 branches in retail and commercial locations and over 1,800 ATMs throughout the District of Columbia and 10 Eastern states. Its headquarters are in Buffalo, New York. The bank was established in 1856 as Manufacturers and Traders Trust Co.


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.