Citigroup is one of the largest banks in the United States of America. It provides banking services to over 13,000 institutions including Fortune 500 companies. The leading financial institution offers retail banking, asset management, and credit cards to over 100 million customers. Americans can buy several digital assets via their Citigroup account on an integrated crypto exchange. The bank allows its customers to purchase cryptocurrencies with their debit or credit cards, wire transfers, or online transfers.
With the emergence of modern payment systems, you can buy cryptos in 2024 as safely and securely as possible. Today, you’ll find out how to buy crypto on Coinbase with a Citigroup account via bank transfers.
Can You Buy Crypto With Citigroup?
Yes, you can buy cryptos with your American dollars using your Citigroup Bank account. Supported crypto exchanges allow users to purchase cryptocurrencies by transferring dollars from their Citigroup accounts onto the exchange. Then, they will be able to swap fiat for their preferred cryptocurrencies. Americans and people living in the United States can make USD deposits on platforms such as Coinbase using bank transfers.
How to Buy Crypto with Citibank on Coinbase
Coinbase is a trustworthy and secure crypto exchange handling assets worth over $100 billion. Founded in 2012, the leading platform attends to the crypto-related needs of its customers in over 100 countries. It is on a mission to boost worldwide financial freedom, allowing its users to trade over 200 cryptocurrencies including BTC and ETH securely. Here is how to buy crypto with Citibank on Coinbase in four easy steps!
Step 1: Open a Coinbase Account
To buy cryptos on Coinbase, first, you have to register on the platform. Once you are on the platform’s website, click on Sign Up. Then, provide your name, email address, and password to your Coinbase account. After that, go to your inbox and click on the verification link.
The next part of the registration process is to provide a copy of a government-backed document. Take a clear shot of your national ID card, passport, or driver’s license and upload it onto Coinbase. The platform will check the submitted documents and will authorize your account if everything pans out.
Step 2: Select a Payment Method
People in the United States can make transfers onto Coinbase using debit/credit cards, wire transfers, and virtual bank transfers. You need to connect your bank account with Coinbase to be able to make bank transfers (ACH). Find the avatar image in the upper-right area, click on it, and select “Settings” on the drop-down list.
After that, click “Payment methods” on the Settings page and select “Add a payment method.”
Subsequently, you will be given some instructions to verify and link your Citigroup account with Coinbase. Adhere to every single one of them and proceed to the next phase of buying cryptos.
Step 3: Send Money to your Coinbase Account
The next step is to make a USD deposit into your account on the platform. Select “My assets” on the left sidebar.
At the bottom of the displayed page, find your US Dollar balance and click on “Add cash” on the right-hand side.
Next, you will see a pop-up window. Choose Citibank as the bank you want to use for the deposit. Then, input the amount of US dollars you want to deposit and click on “Continue.”
Crosscheck your payment order and make sure that the name on your bank account is the same as the name on the government-issued ID you provided earlier. Once you are done with that, click “Add cash now.”
Step 4: Buy your Desired Cryptos
Now that you have successfully deposited into your Coinbase account, you can buy any of the cryptocurrencies available on the platform. Find the homepage and click on “Buy & Sell.”
The platform will then direct you to its list of available cryptocurrencies. You can make use of the search bar to narrow the search of your preferred crypto.
About Citigroup Bank
Citigroup Bank is a widely respected banking institution with over 200 years of experience. Sometimes called Citi, the banking powerhouse is the third largest bank in America, with its headquarters in New York City. Every day, the financial organization transfers over $4 trillion, which is roughly equivalent to Germany’s GDP across 160 nations. About 90% of Fortune 500 organizations leave Citi to handle their institutional banking needs. Citibank has focused its efforts on making sure its clientele enjoys responsible banking services that foster growth and economic prosperity.
Conclusion
With recent innovative technologies like online transfers coming up in the financial sector, purchasing cryptos has never been easier than it is right now. Industry-leading financial institutions are working with respectable crypto exchanges to ensure customers can buy cryptos via virtual bank transfers. A good example of such trusted platforms is Coinbase. If you follow the steps listed above, you will be able to buy your preferred choice of crypto with your Citibank bank account on Coinbase.
