Summary: While Wells Fargo does not sell cryptocurrencies on its banking platform, you can buy Bitcoin or other cryptocurrencies by using FinCEN-regulated exchanges. There are plenty of exchanges to choose from, we recommend using eToro as it's regulated, easy to use for beginners and offers 1000s of digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and much more!
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Like most American banks, Wells Fargo does not sell cryptocurrencies via it's banking platform as it does not have the infrastructure for this.
However, it's customers can still buy cryptocurrencies like Bitcoin and Ethereum by easily connecting their Well Fargo account to a regulated third-party exchange like eToro.
The first step towards buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro.
For users with a Wells Fargo account, we recommend signing up to eToro due to their user-friendly interface and wide range of cryptocurrencies.
Signing up is quick, easy and free of charge. After successfully signing up, you can easily connect your bank account and initiate your first USD deposit.
Deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.
Once the funds have been deposited into your eToro account, you can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Solana, among others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Wells Fargo account or Credit/Debit Card.
3. Start Buying: Once your deposit has arrived in your account.
Wells Fargo is crypto friendly and high-net-worth customers of the bank will soon be able to get direct exposure to Bitcoin and crypto.
Wells Fargo is one of the largest wealth managers in the world with over $2 trillion in assets. In their article, The investment rationale for cryptocurrencies, Well Fargo states that:
We view digital assets as an alternative investment for qualified investors through a professionally managed fund. Due to the uniqueness, complexity and continued evolution of these assets, we plan to produce a series of reports with a goal of increasing investor education and understanding of cryptocurrencies.
If you are not a high-net-worth individual and a client of Wells Fargo, as mentioned above, you can simply use third-party exchanges to buy cryptocurrencies like Bitcoin and Ethereum.
Wells Fargo bank customers can link their bank accounts to regulated exchange like Coinbase and eToro.
This is the safest buy for Americans to invest quickly and easily in the fast growing cryptocurrency market.
The trend of large financial institutions embracing blockchains and cryptocurrencies continues. In Wells Fargo's August 2022 research report, Wells Fargo summarises their current views on blockchain and cryptocurrencies,
In our view, digital assets are a transformative innovation on par with the internet, cars, and electricity. They are likely to be the building blocks of a new large digital network that moves money and assets, and that network is open for anyone in the world to use. Traditional finance is beginning to embrace open networks, and we expect the adoption of digital assets to continue to accelerate over the coming years.
Wells Fargo was founded in 1929 in Minneapolis, Minnesota, and is today headquartered in San Fransisco, California. It is multinational financial services company that have over 70 million customers in the over 35 countries that it operates in.
Wells Fargo is considered one of the Big Four Banks in the United States together with JP Morgan, Bank of America and Citigroup.
Wells Fargo was also ranked 41st on the Fortune 500 list of the biggest companies in the US. In 2021 it had revenues of $78.5 billion and almost 2$ trillion in total assets.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
