Customers of SunTrust Bank in the United States cannot directly buy cryptocurrencies like Bitcoin or Ethereum from their online banking account. However, you can connect your SunTrust Bank account to a regulated cryptocurrency exchange in the USA.
Connecting your bank account to a cryptocurrency exchange will enable you to deposit US Dollars into the platform to buy and sell digital assets.
As mentioned above, the best way to get into crypto is through a regulated digital asset trading platform. We recommend eToro as the best exchange for SunTrust customers, because they allow fast and cheap USD deposits from SunTrust Bank.
Further, the eToro platform offers 0% trading fees on over 30 different cryptocurrencies. This is unlike major cryptocurrency exchanges like Coinbase and Gemini who charge up to 4% per transaction.
The guide provides a high level overview on how to get started.
As of 2021, SunTrust Bank does not have any internal policies that prohibit their account holder to buy or sell digital assets. SunTrust allows their customers to freely deposit and withdraw from trusted cryptocurrency exchanges that are based in the United States.
Platforms like eToro are recommended because SunTrust Bank does not freeze deposits and withdrawals to this exchange, due to their high level of regulatory compliance.
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