‍Summary: To buy Bitcoin or other cryptocurrencies with Varo Bank, you have to do a bank transfer or card deposit to a regulated exchange. For customers in the United States, we recommend using safe and FinCEN-regulated eToro. Bank deposits are free of charge and users can then invest in 1,000s of digital assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and many others!
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Even though Varo is a digital online bank, you can't buy crypto from them as they are not in the business of selling cryptocurrencies. For that you need to use external and regulated exchanges like eToro.
We always recommend using regulated exchanges so that you have no issues when depositing or withdrawing funds.
The first step before you can buy crypto is to signup to a trusted and regulated exchange.
We recommend Uphold and eToro as they are FinCEN-regulated in the United States and offer 100s of cryptocurrencies and other digital assets.
Depositing funds with Varo bank is simple to setup and can be done both via ACH-deposits or card transfers.
Bank transfers are in most cases free of charge and take at most 1-2 business days to process the deposit. Card transfers tend to be instant but come with a small deposit fee.
Once your funds have arrived you can begin investing in cryptocurrencies like Bitcoin, Ethereum, Solana, Cosmos, Polkadot, Arbitrum, Doge and many others.
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1. Create Account: Signup and add your identity verification.‍
2. Deposit Funds: Via your Varo Bank account or credit/debit card.Â
3. Start Buying: Once your deposit has arrived in your account.
Customers of Varo bank can use their money in their account to deposit funds with third-party cryptocurrencies to buy and sell digital assets. As Varo Bank explains on their website,
"You can use the money in your Varo Bank Account to fund a separate cryptocurrency account managed by a cryptocurrency provider. This can be done as either a normal card transaction (debit card number)Â or as a normal ACH transfer (routing and account numbers)"
Varo Bank is crypto friendly and does not in any way inhibit customers who wish to deposit USD for the purpose of buying cryptocurrencies.
A small caveat is that it's always safest to use regulated exchanges to ensure that there are no hiccups when depositing or withdrawing funds.
Yes, all customers of Varo Bank can safely link their account or credit/debit cards to crypto exchanges for trading purposes.
You can then buy cryptocurrencies such as Bitcoin and Ethereum by transferring money either via ACH-transfer or by buying with your debit card.
Clients of Varo Bank are allowed to use either their credit or debit cards to safely deposit funds to regulated exchange like eToro.
Varo Bank is an online-based banking service designed to help people make smarter financial decisions.
It was founded by Colin Walsh in 2015 and has its headquarters in San Fransisco, California. Varo provides a mobile-first banking solution that offers a variety of products and services.
These include checking accounts, savings accounts, credit cards, and loan and investing services. Varo Bank’s checking and savings accounts are FDIC insured, so customers can rest assured that their money is safe.
Furthermore, Varo Bank offers no fees or minimum balance requirements, so users don’t have to worry about paying extra for their banking services.
Varo offers a free, safe, and easy-to-use bank account without a need for a credit score check. No minimum balance is needed, there are no monthly fees or any overdraft fees and they offer over 55k fee-free ATMs.
These include checking accounts, savings accounts, credit cards, and loan and investing services. Varo Bank’s checking and savings accounts are FDIC insured, so customers can rest assured that their money is safe.
Furthermore, Varo Bank offers no fees or minimum balance requirements, so users don’t have to worry about paying extra for their banking services.
Varo offers a free, safe, and easy-to-use bank account without a need for a credit score check. No minimum balance is needed, there are no monthly fees or any overdraft fees and they offer over 55k fee-free ATMs.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
