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How to buy Crypto with Bank of America in the USA (2021)

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 to transfer funds from your Bank of America account.

David Cohen

Editor at Buy Bitcoin Finder

Does Bank of America allow Crypto purchases?

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, Coinbase is the best and most trusted way for BofA account holders to deposit US Dollars to start buying crypto. The guide below is a quick 5 step summary on how to get started:

  1. Sign up to Coinbase 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 Coinbase.

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