How to Buy Crypto with TD Bank
Summary: While TD Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency 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
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As mentioned above, just like most banks, TD Bank (not to be confused with its Canadian counterpart, the Toronto-Dominion bank) 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.
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.
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 TD 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!
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 TD Bank.
About TD Bank
TD Bank, N.A. is an American national bank that is a subsidiary of the Canadian multinational Toronto-Dominion Bank. It is primarily located on the East Coast, in 15 U.S. States and Washington, D.C. TD Bank, N.A., is the seventh-largest U.S. Bank by deposits, and the 11th biggest bank in the United States in terms of total assets, a result of many mergers or acquisitions. TD Bank, N.A. Cherry Hill, New Jersey is the headquarters of TD Bank, N.A.
It succeeds the Portland Savings Bank. After a series mergers with other New England banks, Banknorth became Banknorth. In 2004, Toronto-Dominion Bank became the majority owner and renamed it "TD Banknorth N.A." By adding the "TD" initials of Canada's bank. Toronto-Dominion Bank purchased Commerce Bank on May 31, 2008 and merged it into TD Banknorth, forming TD Bank, N.A.
TD Bank N.A. acquired the South Financial Group in 2010. The South Financial Group, with its 172 branches in the Carolinas and Florida, was acquired by TD Bank N.A. South Financial was the parent of Carolina First. It had branches in North and South Carolina, and Mercantile Bank in Florida. The total cost for South Financial was $191 million. TD Bank was created to take over South Financial's branches.
2013 was a busy year for TD Bank, N.A. Cherry Hill, New Jersey, U.S.A. became the central location of TD Bank, N.A.
The Nordstrom credit card unit was purchased by TD Bank's consumer division for $2.2 billion in February 2016. This acquisition added Nordstrom and NordicTrack to TD Bank's expanding portfolio of private-label card brands, which includes Tourneau, Target, and NordicTrack.
On October 29, 2021, TD Bank declared that Leo Salom would replace Greg Braca as U.S. President & Chief Executive Officer. Salom was responsible for TD's insurance and wealth management business. Salom's new role was effective January 1, 2022.
TD Bank announced plans on February 28th, 2022 to purchase Memphis-based First Horizon Corporation, valued at $13.4 billion. The deal is expected close in the first quarter 2023, subject to approval by Canadian and U.S regulators. Post-merger, the bank will be able to hold $600 billion of assets. This could increase its ranking to the sixth-largest in deposits in the United States.