Can you buy Cosmos tokens as a banking client of HSBC or Citizens Financial Group? Expert cryptocurrency advice website CryptoDoseDaily gives you the low-down on the current state of play.
So, you’re considering exploring the exciting new world of cryptocurrencies, such as Cosmos, but how does that jive with the traditional banking system?
CryptoDoseDaily explains that, while HSBC and Citizens Financial Group still take a very cautious approach, you do have options when it comes to buying crypto.
Neither bank supports direct cryptocurrency purchases, but that doesn’t mean it’s impossible. You can use your HSBC or Citizens Financial Group debit/credit cards with crypto marketplaces, such as OKX, Crypto.com, Bybit, KuCoin, and Bitfinex, and it’s often more efficient.
Go to https://cryptodosedaily.com/can-i-buy-cosmos-tokens-through-hsbc-bank-transfer/ for more information.
CryptoDoseDaily also explores the possibility of using bank transfers. While it is possible with HSBC, you don’t have that option if you bank with Citizens Financial Group.
In terms of HSBC customers, CryptoDoseDaily explains that transaction timeframes for bank transfers can take as long as five business days, making it a less efficient option than the previously described credit or debit card route.
Citizens Financial Group offers you even fewer choices, and no avenues are currently available to purchase Cosmos using a direct bank transfer. As a result, the company states that credit or debit cards remain one of the most viable approaches.
As CryptoDoseDaily now points out, many cryptocurrency marketplaces accept a variety of payment methods, including bank-issued cards. In addition to those mentioned previously, some highlighted examples of such platforms include BitFlyer, BKex, Coincheck, LBank, and BitForex.
The traditional banking system remains cautious about cryptocurrency, but policies and guidelines are evolving in line with the changing landscape. As a result, you should always seek up-to-date information, either directly from your bank, or from reliable cryptocurrency content sources, such as CryptoDoseDaily.
The latest pieces are part of a growing resource of cryptocurrency guides, with other recent releases focusing on the purchase of Cosmos for clients of Ameriprise, Santander, Barclays, Ally Financial, and KeyCorp. In addition to Cosmos, the website covers several other emerging tokens, including The Merge and EOS.
For the latest advice on purchasing cryptocurrency, you can always rely on CryptoDoseDaily.
Check out https://cryptodosedaily.com/can-i-buy-cosmos-with-cash-at-citizens-financial-group/ so you can learn more.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
