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Buy Crypto with Bank of America (2022)

Summary: There is no way for investors to buy Crypto directly through their Bank of America Online Account. Instead, you must sign up to a regulated exchange in the USA like eToro to transfer funds from your Bank of America account.

David Cohen

Editor at Buy Bitcoin Finder

Can I buy Crypto with Bank of America?

Unfortunately for customers of Bank of America or BofA, you cannot currently buy Bitcoin or cryptocurrency through their online banking application.

However, Bank of America does take a friendly stance towards Bitcoin and cryptocurrencies generally. That means you can connect your Bank of America banking account to a trusted and regulated cryptocurrency exchange in the United States to start investing.

How to buy Crypto with Bank of America

Based on our research, eToro is the best and most trusted way for BofA account holders to deposit US Dollars to start buying crypto. They provide a safe and regulated platform for investors in the United States to quickly deposit USD via an ACH Transfer or a Debit Card.

The guide below is a quick 5 step summary on how to get started:

  1. Sign up to eToro USA
  2. Verify your personal information to complete onboarding
  3. Visit the 'Deposit USD' screen and find your bank deposit details
  4. Login to your Bank of America account and transfer funds
  5. You can now buy any crypto with your USD funded account on eToro.

Bank of America Cryptocurrency Policy

Bank of America has one of the more progressive approaches to cryptocurrency when compared to other Banks in the United States. They openly allow customers to deposit and withdraw USD into trusted and regulated exchanges to buy and sell digital assets like Bitcoin and Ethereum.

Bank of America and BoFa Securites have even hinted at offering their own Cryptocurrency trading services at some point in the near future.

Visit eToro USA

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."