How to Buy Crypto with Capital One [2023] (2024)

Summary:If you want to buy crypto with Capital One, we recommend linking it to a trusted multi-asset investment platform. After testing over ten popular trading platforms, we concluded eToro to be the best choice for Capital One customers, as it offers low trading fees, a wide selection of crypto assets, and is regulated by the Financial Industry Regulatory Authority (FINRA).

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Does Capital One allow crypto purchases?

Yes, you can buy crypto with Capital One, but not directly on its platform, as Capital One Bank doesn’t offer crypto trading services. If you wish to buy crypto with your Capital One bank account, connect to a FINRA-licensed cryptocurrency exchange.

How to buy crypto with Capital One?

The best way to buy crypto with a Capital One account in the US is through a FINRA-regulated broker like eToro, which is a licensed and widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading,” which enables users to copy top-performing crypto traders, in addition to a staking service, custom watchlist, as well as advanced charts and technical analysis tools.

How to buy crypto with Capital One: Step-by-Step

You can get started in minutes with four simple steps:

  • Step 1: Create an account on eToro and complete your verification (personal or company);
  • Step 2: Enter the USD amount you want to deposit on the eToro platform;
  • Step 3: Connect your Capital One account to deposit your selected fiat currency;
  • Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Capital One

Capital One Bank is an American full-service bank headquartered in McLean, Virginia. The bank has 755 branches across the US, including 30 café style locations and 2,000 ATMs, and offers a full range of lending and deposit products to both individuals and businesses.

How to Buy Crypto with Capital One [2023] (4)

Services offered by Capital One include:

  • Personal banking: Checking accounts, savings accounts, credit cards, car loans, cash rewards, travel rewards, certificate of deposits (CDs);
  • Business banking: Business checking and savings accounts, loans and lines of credit, business rewards, and merchant services.

Capital One cryptocurrency policy

Capital One Bank doesn’t provide any products or services related to cryptocurrencies directly from their platform. However, Capital One and Capital One Credit Card holders can freely buy, hold, and sell digital assets through FINRA-regulated crypto exchanges.

Capital One hasn’t released official press releases regarding its stance on crypto or publicly announced limitations on credit or debit card transfers to crypto exchanges. Neither does their website mention anything about cryptocurrencies.

Note

Please remember and be aware that even though Capital One has no official crypto transfer limitations, the bank does add fees on credit card transfers to online brokers and crypto exchanges, including eToro. It is because the card issuer, Mastercard, charges a fixed fee for all transactions.

How to buy crypto safely

  • Research the cryptocurrency you want to buy: Make sure you understand how it works and what the risks of investing in the crypto market are;
  • Only use a safe device: Avoid public computers and Wi-Fi networks. Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
  • Choose a reputable exchange: Check the exchange’s license with regulators. Review terms to understand fund security. Read user reviews for red flags;
  • Secure your account: Use two-factor authentication and a strong password to protect your account;
  • Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
  • Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, take a look at our guide on investing mistakes to avoid;
  • Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy crypto with Capital One:

How to buy crypto with Capital One?

You can buy crypto with Capital One by connecting your banking account to a licensed third-party cryptocurrency platform.

How to buy Bitcoin with Capital One?

You can buy Bitcoin with Capital One by connecting your bank account to a regulated third-party investing platform that offers cryptocurrencies, for example, eToro.

Can I buy crypto with Capital One in USA?

While Capital One doesn’t offer crypto trading directly through its own platform, customers can connect their bank accounts to a FINRA-regulated crypto broker to buy crypto with Capital One in the USA.

How to buy crypto with a Capital One credit card?

Link your bank to a regulated platform. Transfer funds from your Capital One card to purchase cryptocurrency.

What crypto exchanges does Capital One allow?

Customers can connect their Capital One banking account to a FINRA-licensed cryptocurrency exchange to buy crypto.

Is Capital One crypto-friendly?

Capital One does not support crypto trading directly on its platform. However, Capital One is a crypto-friendly bank that allows its customers to use their bank accounts to purchase cryptocurrencies via a third-party exchange.

What is Capital One’s crypto policy?

Capital One allows its customers to use their online banking accounts or services to buy, sell and trade digital assets through regulated exchanges.

Who owns Capital One?

Capital One Financial Corporation (COFC) owns Capital One Bank, serving retail customers, small businesses, and commercial clients.

How to buy Bitcoin with Capital One without verification?

Find a crypto platform accepting Capital One; however, note that reputable ones need verification. Some allow small transactions with less verification, but have limitations. Also, verify platform credibility and security due to market risks and fraud potential.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users

Get Started

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

As an enthusiast deeply entrenched in the world of cryptocurrency and financial technology, my expertise spans various aspects of blockchain technology, digital assets, and the intersection of traditional banking with the crypto landscape. I have actively followed and participated in the evolution of crypto markets, trading platforms, and regulatory developments, staying abreast of the latest trends and innovations.

Now, delving into the information provided in the article, let's break down the key concepts and details:

  1. Recommendation for Buying Crypto with Capital One:

    • The article suggests linking Capital One to a trusted multi-asset investment platform for buying crypto.
    • After testing over ten platforms, eToro is recommended for Capital One customers due to low trading fees, a wide selection of crypto assets, and regulation by FINRA.
  2. About eToro:

    • eToro is presented as a multi-asset investment platform, regulated by FINRA.
    • It offers the ability to invest in 70+ cryptocurrencies and 3,000+ other assets, including stocks and precious metals.
    • Unique features include 0% commission on stocks, copy trading (replicating trades of top performers), and regulatory compliance with FCA and FINRA.
  3. Can Capital One Users Buy Crypto Directly?

    • Capital One Bank does not offer direct crypto trading services.
    • To buy crypto with Capital One, users are advised to connect to a FINRA-licensed cryptocurrency exchange like eToro.
  4. How to Buy Crypto with Capital One (Step-by-Step):

    • Create an account on eToro, complete verification.
    • Enter the desired USD amount for deposit on the eToro platform.
    • Connect Capital One account to deposit fiat currency.
    • Find the cryptocurrency to purchase and execute the trade.
  5. Capital One Services:

    • Capital One Bank is introduced as an American full-service bank headquartered in McLean, Virginia.
    • It has 755 branches across the US, offering personal and business banking services, including checking/savings accounts, credit cards, loans, and merchant services.
  6. Capital One's Crypto Policy:

    • Capital One Bank does not directly provide crypto-related products or services.
    • However, customers can freely buy, hold, and sell digital assets through FINRA-regulated crypto exchanges.
  7. Safety Measures for Buying Crypto:

    • The article provides safety tips, including researching the chosen cryptocurrency, using a secure device and network, choosing a reputable exchange, securing accounts with two-factor authentication, and using a secure wallet.
  8. Disclaimer:

    • Emphasizes that the content should not be considered investment advice and that investing is speculative.
  9. FAQs about Buying Crypto with Capital One:

    • Various questions are addressed, including the process of buying crypto with Capital One, buying Bitcoin, using a Capital One credit card, and Capital One's crypto-friendly stance.
  10. Ownership and Verification Concerns:

    • Information about Capital One Financial Corporation owning Capital One Bank.
    • A brief mention of potential verification requirements for crypto platforms and the need for credibility and security checks.

In conclusion, the article serves as a comprehensive guide for Capital One users interested in buying crypto, offering insights into recommended platforms, safety measures, and addressing common queries related to the intersection of traditional banking and cryptocurrency transactions.

How to Buy Crypto with Capital One [2023] (2024)

FAQs

How to Buy Crypto with Capital One [2023]? ›

Capital One does not allow you to buy cryptocurrency directly, but it is possible to do using a crypto exchange. You just need to connect your account to the chosen platform, and you will be able to pay directly on it.

Which credit cards allow crypto purchases? ›

While Mastercard and VISA technically allow customers to buy cryptocurrency, most banks that partner with these companies don't allow cryptocurrency purchases via credit cards. At this time, even credit cards issued by cryptocurrency exchanges like Gemini don't allow cryptocurrency purchases.

Can I buy Bitcoin with a credit one card? ›

You can buy coins in many ways, including with a credit card. Make sure you have your credit card number, card verification value, and expiry date if you want to buy Bitcoin with your credit card. You'll have to enter these details on the checkout page of an exchange to get your desired Bitcoin value.

Why can't you buy crypto with a credit card? ›

Credit card issuers usually code crypto purchases as a cash advance—which tacks on a flat cash-advance fee and extremely high interest charges that start immediately. Buying crypto with a credit card can reduce the value of your investment and minimize your returns by a significant margin.

Does Capital One use blockchain? ›

In a patent filing released Thursday, Capital One set out a blockchain system its says allows secure user authentication across multiple platforms.

Can I buy crypto with Capital One? ›

For starters, major issuers such as Bank of America, Capital One, Citi and Wells Fargo do not permit their credit cards to be used to buy cryptocurrency. Among the credit card issuers that allow crypto purchases, these transactions are typically treated as cash advances, which involve fees and high interest rates.

Which app lets you buy crypto with credit card? ›

BitPay makes it easy to buy crypto with a credit card. Simply enter your credit card details as a payment method and complete the transaction as you would any other payment method.

Does Chase allow crypto purchases with credit card? ›

Which credit card companies allow you to buy crypto? Chase, Capital One and Citi all allow you to buy crypto with one of their cards. Even American Express allows it, although no U.S.-based exchanges currently accept Amex.

Does Coinbase accept credit cards? ›

You can add a debit/credit card and/or bank account to your Coinbase.com account as a payment method. Using a debit/credit card to buy cryptocurrency (crypto) doesn't require pre-funding a balance but using your bank account does.

Can I use my credit card to buy Bitcoin on Cash App? ›

When presented with supported payment methods, pick “Other” to pay with Cash App. In addition to Cash App, you can buy crypto with a credit card, debit card, Apple Pay, Google Pay, or ACH (plus other local banking methods).

Can I buy crypto with a credit card no fees? ›

Cryptocurrency exchanges typically charge several fees for each transaction, including a 1% to 2% transaction fee. But when you use a credit card, they add a credit card processing fee as high as 3.75% and you might pay an additional fee based on your pairing.

What credit cards does Crypto.com accept? ›

Payment Methods

We accept Visa, Mastercard, American Express, JCB, Discover, and Diners Club credit cards or debit cards.

Why won t crypto accept my card? ›

Insufficient Funds: Ensure your card has enough balance to cover the transaction. Spending Limits: Banks often set limits on accounts or cards, which can hinder transactions if exceeded. Details Mismatch: The name and billing address associated with your Blockchain.com Pay account must match those of the card.

Does Capital One Block Coinbase? ›

Capital One's decision to block purchases was first reported by online publication The Merkle, which cited a Reddit thread regarding the issue. In the thread, a Coinbase user reported that his purchase of $90 in cryptocurrencies was blocked by the bank.

What payment network does Capital One use? ›

Capital One issues cards in partnership with both Visa and Mastercard credit card networks. The Capital One cards issued in partnership with Visa and Mastercard include Venture Rewards, Venture X Rewards, VentureOne Rewards, Quicksilver Rewards and SavorOne Rewards.

Does Capital Com accept crypto? ›

Trading on margin: Thanks to margin trading, Capital.com provides you with the opportunity to trade bitcoin CFDs and other top-traded cryptocurrency CFDs, even with a limited amount of deposits in your account.

Is there a credit card that uses crypto? ›

Crypto.com Visa card

The card is linked to your Crypto.com account and can be funded with a range of cryptocurrencies, including Bitcoin, Ethereum and others. The Crypto.com credit card has different options available, with varying benefits and rewards depending on which tier you choose.

What credit cards are accepted by crypto com? ›

Payment Methods

We accept Visa, Mastercard, American Express, JCB, Discover, and Diners Club credit cards or debit cards.

Can I use Chase card to buy crypto? ›

Which credit card companies allow you to buy crypto? Chase, Capital One and Citi all allow you to buy crypto with one of their cards. Even American Express allows it, although no U.S.-based exchanges currently accept Amex.

Does Amex allow crypto purchases? ›

Yes, you can buy crypto with American Express. However, your options are very limited. The only platforms we were able to find where you can buy crypto with American Express are Cash App and the Rain crypto exchange.

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