Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Huntington Bank offers its customers a reliable pathway to engage with authorized cryptocurrency exchanges, underscoring its commitment to providing dependable banking solutions. 

For those keen on cryptocurrencies, Kraken stands out as a premier choice, known for its transparent asset reserves. Kraken boasts an expansive selection of over 200 cryptocurrencies, enabling instant USD transactions directly from Huntington Bank accounts.

Kraken USA
Kraken USA

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.5

Supported Assets

200+ Cryptocurrencies

Trading Fees

0.16% Maker Fees & 0.26% Taker Fees

Can I Invest In Crypto with Huntington Bank?

Huntington Bank facilitates a smooth entry into the cryptocurrency world by permitting transfers to digital currency platforms regulated by FinCEN, thus ensuring a secure trading environment for its users. 

Unfortunately, the bank does not offer crypto wallet services within its banking products. To adeptly manage your digital currencies, engaging with platforms in the US that comply with rigorous regulatory standards is recommended.

How to Buy Crypto with Huntington Bank

Huntington Bank streamlines the cryptocurrency acquisition process by enabling transfers to FinCEN-regulated exchanges, thereby protecting your investments. Kraken, renowned for adhering to U.S. regulations, provides a trustworthy channel for depositing USD through bank and ACH transfers, along with credit and debit card transactions. 

  1. Initiate by creating and verifying your Kraken account using your email. 
  2. Proceed to the 'Funding' tab, select your preferred payment mode, and initiate a transfer from your Huntington Bank account. 
  3. Employ the search feature to pinpoint the asset you wish to buy and choose 'Trade.' 
  4. Specify your investment amount and complete your acquisition by selecting 'Buy.'
How to Buy Crypto with Huntington Bank

Does Huntington Bank Block Crypto Transactions?

Huntington Bank does not impede transactions or freeze accounts during fund transfers to regulated exchanges. The bank ensures a seamless experience for its clients to engage with cryptocurrency trading platforms that adhere to U.S. regulatory standards. 

This approach reaffirms the bank's dedication to the safety and integrity of digital currency transactions, endorsing interactions only with platforms that rigorously implement KYC and AML guidelines set forth by the Financial Crimes Enforcement Network (FinCEN).

Digital Asset Investing Fees

Grasping the fee structure on Kraken is key for cryptocurrency traders who want to make informed financial decisions. Here's what you need to know about Kraken's fees:

  • Account Top-Up Fees: Kraken encourages account funding by keeping it largely free. There are no fees for crypto or USD deposits, except for a slight $3 charge for SWIFT transfers.
  • Withdrawing Expenses: Withdrawing from Kraken carries fees. Fixed fees are applied to crypto withdrawals for blockchain processing, and USD withdrawal fees can differ. ACH transfers are free, but FedWire or SWIFT withdrawals could range from $4 to $35.
  • Trading Costs: Trading on Kraken incurs fees that vary based on the trade's total value, influenced by your trading activity, account level, and whether you're a maker or taker. Starting fees are 0.16% for makers and 0.26% for takers.

Kraken offers discounts to frequent traders and even removes fees for traders hitting over $10 million in trades per month.

Closing Thoughts

Huntington Bank's compliance with U.S. financial standards and its collaboration with exchanges like Kraken offers a secure conduit for clients interested in the cryptocurrency market. Although the bank does not directly offer trading services, it enables the safe transfer of funds to regulated exchanges, empowering investors to confidently navigate the digital asset world.

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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