Last update: Jun 16, 2022
Author: Marco Vela - Fact-checked ✓
Summary: While Chase 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]
As mentioned above, just like most banks, Chase 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 crypto trading platforms 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.
Table of Contents
How to buy crypto or bitcoin with Chase 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.
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).
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 Chase Bank.
About Chase Bank
Chase Bank is a full service bank that has more than 4,700 branches. It also has 16,000 ATMs. Its origins date back to 1799, when it was established to provide drinking water for the New York City residents. Its charter contained a small provision that allowed it to operate banking operations with excess capital. Within five months, the Bank of Manhattan Company was established.
Over 1,200 institutions joined together to create the United States' largest financial institution with assets of $2.6 trillion.
Chase Bank has over 4,700 branches across the United States. This gives you a large footprint for your banking needs. Customers can also access 16,000 Chase Bank ATMs for free. Customers can also access their accounts online, or via the mobile app if a Chase Bank ATM or branch isn't available.
Ability to waive monthly checking fees: Customers have the option of waiving the monthly maintenance fee by depositing $500 in their checking account each month. They can also hold a minimum balance of $1,500 in their account or a combined average balance of $5,000 in all of the linked Chase accounts.
Chase has a number of popular credit cards that are associated with well-known brands. There are 26 personal cards and nine small business cards. There are many credit cards available, depending on your goals for cash back, travel rewards or balance transfer.
Chase Bank has a wide range of services and accounts, as you would expect from a large depository institution. Customers can access multiple checking and savings accounts, certificates or deposit (CDs), credit card options, and other lending products to suit their needs. Customers who have multiple Chase products are eligible for better pricing and the ability combine balances to avoid fees.
Chase Bank offers many checking account options to customers. Unless you meet certain criteria, each account will have monthly maintenance fees. The Chase Total Checking account, Chase Premier Plus Checking and Chase Sapphire Banking are the most popular. Premier Plus Checking accounts can waive the $2.50 nonChase ATM fees up to four times per statement cycle. Sapphire Banking accounts waive ATM fees and reimburse fees that other banks charge unlimitedly.
Chase offers niche checking accounts to cater to certain audiences. Chase Secure Banking has no minimum deposit and no paper checks. It also does not charge money orders or cashier checks. The Chase College Checking account is available to college students for free for up to five year. After that, it costs $6 per month if the fees are not waived with certain activities. Chase Premier Plus checking accounts are open to active and retired military personnel. There are no minimum balance requirements or fees.
Chase Private Client may be available to customers with greater relationships. You will need to have a minimum daily balance of $150,000 from your qualified personal and business investments. There are no monthly service fees, membership fees, ATM fees, wire charges, or other fees. You'll also get higher limits on Chase QuickDeposit and Zelle payments, daily ATM withdrawals, debit card purchases, and daily ATM withdrawals.
Chase Bank offers two traditional savings account options. Chase Savings accounts have one interest rate, while Chase Premier Savings accounts offer higher relationship rates to clients with higher balances. Chase Private Client customers have access to the Chase Private Client Savings Account, which offers tiered interest rates depending on how much you have in your account.
Chase Bank offers several CD terms, ranging in length from 1 month to 10 Years. Higher interest rates may be available for larger deposits. Customers can choose to receive their CD interest monthly, quarterly or semi-annually, or at maturity.
Chase Bank requires a minimum $1,000 deposit to open a CD. You can open a CD online or in a bank branch. If you want to open a CD that has a balance greater than $1 million, you will need to visit a branch and speak to a banker.
You may be subject to a penalty if you close your CD prior to the maturity date. The penalty for early withdrawal is 90 days interest for CDs that are less than 6 months; 180 days interest for CDs that are less than 24 month; and 365 days interest for CDs that have terms greater than 24 months. The penalty for any term is equal to the amount of interest earned during the current term. Minimum penalty: seven days interest
Chase Bank provides a variety of investment, banking and lending products to its customers. It is the United States' largest financial services provider, and this shows in its ability offer products to a wide range of clients. Chase Bank can serve a wide range of clients from students to military veterans, and even private banking relationships.
Its presence might not be strong in all states, but customers can open or service accounts online. You have many options when it comes to opening a checking bank account. Monthly service fees are charged for checking accounts. However, they can be waived if you reach a minimum balance or complete certain activities. Premium checking accounts earn interest and are exempt from some banking fees.
Related:
- How to Buy Crypto with Charles Schwab
- How to Buy Crypto with Citibank
