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How to Buy Crypto With Chase Bank [2024]

How to Buy Crypto With Chase Bank [2024]
Diana Paluteder

Summary: To buy crypto with Chase Bank, we suggest using eToro. After assessing numerous crypto brokers, we found it to be among the top choices for Chase Bank users due to its low trading fees and a wide selection of over 80 coins, ensuring a secure and cost-effective option.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 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. Other fees apply. For more information, visit etoro.com/trading/fees.

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

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Does Chase allow crypto purchases?

Chase allows crypto purchases with a credit card or a debit card, but, not on its banking platform. Instead, Chase supports USD deposits to other brokerage and exchange platforms in the U.S. like eToro. Fortunately, the process of funds transfer is typically simple and straightforward, depending on the service you are using, as we will demonstrate in the next section.

How to buy crypto with Chase?

The best option to buy crypto with Chase is to sign up with a crypto exchange or brokerage platform. Once you do, you can deposit USD funds from your Chase bank account to that account and then make your purchase.

The best platform to use to buy crypto is eToro in the USA because it supports deposits by bank transfer, and payment cards, both of which can be used to transfer funds from Chase. Additionally, eToro offers a beginner-friendly user interface, offers support for multiple assets, has advanced charts and technical analysis tools and is currently registered for operation in 46 U.S. states and Washington, D.C.

How to buy Bitcoin and crypto with Chase: step-by-step

Here’s a simple four-step process to get you started and buy Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies with your Chase bank account. It should ideally take you a few minutes to work through.

  • 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 Chase bank account to deposit your selected fiat currency. Alternatively, you can connect your Chase payment card (debit or credit);
  • Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Disclaimer: Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Crypto on eToro. Source: etoro.com

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 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. Other fees apply. For more information, visit etoro.com/trading/fees.

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

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

About Chase Bank

Chase Bank is a US-based bank licensed to operate under the name JPMorgan Chase Bank, a subsidiary of JPMorgan Chase & Co. (NYSE: JPM). The bank enables customers to access various financial products, including savings and checking accounts, credit and debit cards, asset financing, mortgages, business financing, and investment advisory, among several others.

chase bank homepage
Chase Bank homepage. Source: chase.com

So far, the bank operates across the United States with more than 4,700 physical branches and over 16,000 ATM locations, with its headquarters in New York. It is one of the largest financial institutions in the US, with a reputable customer service record.

Chase crypto policy

For a long time, JPMorgan Chase’s CEO Jamie Dimon had been a fierce critic of cryptocurrencies, but Chase Bank’s cryptocurrency stance has slowly softened over the years. In July 2021, his bank became the first among its peers to enable wealthy retail clients to invest in cryptocurrency funds like the Grayscale Bitcoin Trust. Furthermore, the bank has reportedly registered a trademark for (an already existing) “J.P. MORGAN WALLET” for possible crypto payment processing.

However, though Chase bank’s crypto outlook is pro-blockchain, it is still not possible for Chase crypto users to buy Bitcoin or any other cryptocurrencies directly, and neither are investment advisors allowed to recommend the nascent asset class to the bank’s clients. Only ‘unsolicited’ fund investment trades can be done.

As of the end of 2023, JPMorgan Chase had not yet issued an official policy regarding cryptocurrencies. However, it does provide a brief crypto disclosure statement on its website with reference links to advisory statements from relevant US-based financial regulators.

How to buy crypto safely

As cryptocurrencies gain popularity, it’s crucial for beginners in the blockchain space to avoid common investment mistakes. In the United States, while agencies like the SEC, CFTC, and FinCEN offer some oversight, their guidance on cryptocurrencies remains limited. This lack of comprehensive regulation means that investors must take personal responsibility for securing their investments. Below are essential tips to ensure safety in your crypto investment journey:

  • Choose reputable platforms: Conduct thorough research on cryptocurrency brokerages and exchanges before investing. Opt for regulated exchanges, as they are generally safer;
  • Use safe devices: Ensure that the devices used for buying and storing cryptocurrencies are secure. Avoid public computers and networks for any investment activities. Moreover, for long-term investments, consider using cold wallets (offline storage). Hot wallets (online storage) can be used for smaller, frequently accessed investments;
  • Implement strong security measures: Use robust passwords and enable two-factor authentication (2FA) on all online accounts. If you’re self-custodying your crypto assets, securely store your backup phrases or private keys offline;
  • Educate yourself: Continuously educate yourself about blockchain and cryptocurrencies. Understanding this asset class helps in safely navigating, storing, and utilizing your crypto. Additionally, explore different investment growth strategies like trading, lending, and yield farming;
  • Practice risk management: Cryptocurrencies are volatile. Therefore, invest only what you can afford to lose to mitigate the risk of significant financial loss.

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 Chase Bank

How to buy crypto with Chase online?

You can buy crypto with Chase Bank by depositing USD to a multi-asset platforms that offers cryptocurrencies.

How to buy crypto with Chase app?

Currently, Chase Bank does not offer cryptocurrency brokerage services on its platform. However, its customers are able to buy crypto by connecting their accounts and cards to FinCEN-regulated multi-asset brokers. 

Can you buy crypto with Chase?

You can buy crypto with Chase, but only by transferring funds to a regulated online broker that offers crypto assets.

What is Chase Bank’s cryptocurrency policy?

Chase Bank does not offer crypto brokerage services, which include buying and selling of assets such as Bitcoin. However. Its parent JPMorgan Chase does allow its wealthy retail clientele to invest in cryptocurrency-related funds. The bank does allow money transfers to reputable and regulated US-based brokers through which customers can trade crypto.

Why can't I buy crypto with Chase?

You can buy cryptocurrency with Chase Bank, albeit, not directly on its platform. Instead, you can transfer funds in your bank account to a third-party multi-asset brokerage such as eToro, then proceed to buy the crypto.

How to buy cryptocurrency in the USA?

Even though most banks don’t allow you to buy cryptocurrency in the USA directly on their own platforms, they do support USD deposits to trusted multi-asset investment platforms like eToro.

How to buy crypto with Chase debit card?

To buy crypto with a Chase debit card, find a multi-asset investment platform that offers cryptocurrencies and accepts debit cards. Then, navigate to the buy section and select the cryptocurrency you want to purchase. Enter the amount, and choose your linked Chase debit card for the payment. Confirm the transaction details, including any applicable fees, and complete your purchase. 

Does Chase allow crypto purchases with a credit card?

Chase permits credit card crypto purchases, but beware of potential fees and high immediate interest rates. Verify Chase’s current policy on cryptocurrency credit card transactions for a clear understanding of costs and implications before proceeding.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 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. Other fees apply. For more information, visit etoro.com/trading/fees.

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

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

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