Summary: Truist Bank customers looking to invest in crypto can do so by moving funds to a licensed exchange. While the bank doesn’t handle crypto trades itself, it supports secure USD transfers to platforms that meet U.S. regulatory standards.
Among the top options, Kraken stands out. It supports fast ACH deposits from Truist accounts, charges low fees, and provides access to hundreds of digital assets. As a FinCEN-registered exchange, it’s built for security, transparency, and ease of use.
- Most trusted exchange in the USA founded in 2013.
- Trade 400+ cryptocurrencies and stablecoins like USDT and USDC.
- Industry-leading fees starting at 0.26% per trade and reduces with volume.
Can I Buy Bitcoin with Truist Bank?
Yes, Truist Bank customers can buy Bitcoin by funding a U.S.-regulated cryptocurrency exchange. The bank allows secure transfers, making it easy to move USD into a compliant trading platform.
To stay on the safe side of U.S. financial laws, it’s important to choose an exchange registered with FinCEN. This ensures your transactions meet national compliance standards.
Using a platform that accepts USD deposits directly also helps avoid unnecessary currency conversion fees and keeps the process straightforward for first-time and regular users alike.
How to Buy Crypto with Truist Bank
Truist Bank customers can invest in crypto by using a licensed exchange that accepts USD transfers. Kraken is a strong option, supporting ACH, wire, and debit card funding from Truist accounts.
Once your deposit is complete, you can trade a wide range of digital assets, including Bitcoin, Ethereum, Solana, and newer tokens, directly through the Kraken interface.
Follow these simple steps to get started:
- Open Your Account: Create a Kraken account and complete the verification steps.
- Select Payment Method: Navigate to the "Deposit" section and choose your preferred payment method (ACH, wire transfer, credit/debit card).
- Deposit USD: Enter your deposit amount in USD and complete the transaction.
- Buy Bitcoin: Search for "Bitcoin," enter the amount you want to invest, and confirm your purchase.
Truist Bank Cryptocurrency Policy
Truist Bank allows customers to fund cryptocurrency exchanges that meet U.S. regulatory standards. This gives users access to digital assets while maintaining full alignment with national banking laws.
Supported platforms must be registered with the Financial Crimes Enforcement Network (FinCEN) and follow strict AML and KYC protocols. These rules are designed to prevent fraud, enforce transparency, and verify user identities.
Kraken fits these requirements. It complies with U.S. financial regulations, supports ACH transfers from Truist accounts, and offers a secure environment for trading crypto with confidence.
Digital Asset Investing Fees
Before investing in crypto, Truist Bank users should understand the typical fees that come with trading on regulated platforms. Knowing these costs can help you plan more strategically.
Here’s a breakdown of common exchange fees on platforms like Kraken:
- Trading Fees: Kraken charges 0.16% to 0.26% per spot trade, depending on your volume.
- Deposit Fees: ACH transfers from Truist Bank are free. Other methods, like debit cards, may include processing fees.
- Withdrawal Fees: For Bitcoin, the standard network fee is usually around 0.0002 BTC.
Kraken stands out for its transparency and low-cost structure. It’s a strong fit for Truist customers looking for secure trading, full regulatory compliance, and clear pricing with no surprises.
What is Truist Bank?
Truist Bank is one of the largest regional banks in the U.S., formed in 2019 through the merger of SunTrust and BB&T. Headquartered in Charlotte, North Carolina, it serves more than 10 million customers across 11 southeastern states.
The bank offers a full range of financial products, including checking and savings accounts, loans, credit cards, and investment services. Truist is FDIC-insured and is known for combining traditional relationship banking with advanced digital tools.
Although Truist doesn’t offer crypto trading within its own platform, it allows secure transfers to licensed digital asset exchanges. This gives customers a compliant and straightforward way to fund crypto investments while relying on the stability of a nationally trusted bank.
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Best Alternative Crypto Exchanges for Truist Bank Users
Kraken is a strong fit for Truist customers, but other U.S.-regulated platforms also offer secure funding and reliable access to the crypto market. Here are some solid alternatives:
- Coinbase: Designed for ease of use, with fast ACH support and educational tools perfect for new investors.
- Gemini: Known for strict compliance and top-tier security; ideal for users focused on regulation and protection.
- Crypto.com: A mobile-first platform with a sleek interface, debit card rewards, and access to hundreds of altcoins.
Truist users should always verify that the platform they choose supports ACH or debit funding and is fully compliant with FinCEN or other U.S. regulatory bodies.
Final Thoughts
Truist doesn’t offer crypto trading directly, but it gives customers the flexibility to fund licensed exchanges through secure ACH and debit transfers. This setup opens the door to digital investing while keeping everything within the bank’s trusted framework.
Kraken stands out as a top choice. It supports ACH deposits from Truist accounts, offers low fees, and provides access to over 200 cryptocurrencies with full regulatory oversight.
For both new and experienced investors, the combination of Truist’s reliable infrastructure and Kraken’s robust trading platform makes entering the crypto space simple, safe, and compliant.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
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