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Summary: If you are a Merril Edge customer interested in buying cryptocurrencies like Bitcoin, Ethereum and Solana, we recommend signing up with eToro and Uphold. Both of these platforms are regulated, easy to use, and offer a variety of digital assets. The signup process is straightforward and only takes minutes to complete. Once you have registered your account you can instantly deposit funds and begin trading.
+80 Cryptos & Copy Trading
Virtual Demo Portfolio
Fast & Cheap Deposits
FinCEN & FINRA Regulated
+250 Cryptos & Staking
Fast & Cheap Deposits
100% Proof Of Reserves
Regulated in the US, EU & UK
While Merril Edge like many US Banks is actively evaluating the regulatory landscape surrounding crypto, it is not currently possible to purchase cryptocurrencies like Bitcoin on their platform.
If you want to purchase cryptocurrencies like Bitcoin and Ethereum, we would suggest opening free accounts with Uphold and eToro. Both companies are regulated in the United States by FinCEN and are safe to use.
They are a great choice for beginners who are looking for an easy and quick way to buy cryptocurrencies. It only takes a few minutes to create a free account and you can then deposit funds via bank or card transfer. Once the funds have arrived you are ready to begin buying and selling your favourite cryptocurrencies.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Merril Edge account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Below are some additional questions that are frequently asked about Merril Edge and digital currencies.
Merril Edge allows cryptocurrencies in the sense that its customers can connect their accounts and link their credit/debit cards to third-party cryptocurrency exchanges.
No, Merril Edge does not offer any type of cryptocurrency services at the moment.
At the time of writing it is not possible to gain exposure to the cryptocurrency space through Merril Edge.
No, Merril Edge does not have a Bitcoin fund.
Yes, Merril Edge is crypto-friendly because it does not interfere with or block its customers from buying digital assets like Bitcoin, Ethereum and Solana from external exchanges and brokers.
Yes, it is possible to link your Merril Edge account to regulated exchanges and brokers such as Uphold, Coinbase and eToro.
Merril Edge is an online brokerage platform offered by Bank of America's Merrill Lynch division.
The platform offers access to investment services such as stocks, bonds, mutual funds, ETFs, options, and more.
Merrill Edge also offers cash management services and a variety of banking products, including checking and savings accounts.
The platform requires a minimum investment of $2,500 and provides an online advisor which gives personalized advice.
Merrill Edge's fees are based on the type of account, the type of investment, and the size of the transaction.
For stocks, ETFs, and options, Merrill Edge charges a flat fee of $6.95 per trade. For mutual funds, Merrill Edge charges a flat fee of $19.95 per trade.
Merril Edge is estimated to have over 4 million customers and over $250 billion in assets uner management.
+80 Cryptos & Copy Trading
Virtual Demo Portfolio
Fast & Cheap Deposits
FinCEN & FINRA Regulated
+250 Cryptos & Staking
Fast & Cheap Deposits
100% Proof Of Reserves
Regulated in the US, EU & UK
350+ Cryptocurrencies
Low trading fees (0.1%)
Wide Crypto Product Range
125X Derivatives Leverage
+350 Cryptocurrencies
Low Trading Fees (0.8%-0.1%)
Spot, Perps, Margin, Options
125 Maximum Leverage
