Buying Bitcoin & other crypto at BMO Harris Bank – 3 steps

You cannot buy Bitcoin, Ethereum and other crypto directly from BMO Harris Bank. However, by following the steps in this article, you can still invest in crypto with your BMO Harris Bank account without any problems.

Step 1: opening an account with an exchange

You need an account with a crypto exchange to buy Bitcoin & other crypto using your bank account with BMO Harris. It is important to open an account with a reliable exchange. In the overview below, you can see which exchanges you can open an account with:

eToro buy cryptoTrade in Bitcoin & other cryptos! Try for free with a demo & deposit money with BMO Harris after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Step 2: verification & depositing money

At a trusted exchange, you must first verify your identity. That way, the exchange can establish that you really are who you say you are. The US government makes this mandatory: this way, the use of cryptos for criminal purposes can be countered.

After going through verification, you can deposit money into your crypto account using your BMO Harris Bank account.

Step 3: buy crypto with your BMO Harris Bank account

Now that you have a crypto exchange account that allows you to invest in crypto, you can get started! You will first need to decide which crypto you want to invest in. The best-known crypto you can invest in are Bitcoin and Ethereum. However, there are thousands of altcoins with all kinds of different features. However, investing in unknown altcoins is (even) riskier than investing in Bitcoin and Ethereum.

To place an order, you need to enter the amount you want to invest. You can choose to buy the crypto directly or set an order. With an order, you set a price at which you want to buy the crypto in question.

Crypto buy Harris Bank

What is BMO Harris Bank’s stance on crypto?

In 2023, BMO Harris Bank published an interview with Professor Black. Professor Black is active in finance at DePaul University in America.

In the interview, he stated, among other things, the following:

  • If you want to understand Bitcoin, you need to understand the blockchain. With Bitcoin, it is no longer the bank that conducts transactions, but the blockchain.
  • It is best to buy cryptos on a reliable exchange, as this is not yet possible through BMO Harris Bank.
  • When you buy crypto via an exchange, you do not legally own it. It may therefore be wise to store your crypto on an external wallet.
  • The high energy consumption of crypto and the use of crypto by criminals are major challenges.

BMO Harris Bank also responded to the interview: this is interesting as it gives direct insight into the bank’s views on crypto.


BMO Harris Bank says they share the professor’s enthusiasm towards blockchain. Nevertheless, the bank cannot recommend Bitcoin and other crypto as investments. This is because investing in individual cryptos is risky at this stage: as it is unclear which cryptos will survive and which will go under.

BMO Harris also stresses that it remains difficult to invest in crypto through traditional parties, as the SEC is slow to approve crypto products. The bank is keeping a close eye on developments, hinting that they may introduce crypto investing products in the future.

About BMO Harris Bank

Before buying crypto with BMO Harris Bank, you might want to know a bit more about the bank. BMO Harris Bank is headquartered in Chicago, but operates in several states. With more than 600 branches and nearly 15,000 employees, BMO Harris Bank is one of the largest banks in the United States. You can bank online with BMO Harris Bank, allowing you to manage your money matters from anywhere in the world.

Can you buy Bitcoin at BMO Harris Bank?

You cannot buy crypto directly from BMO Harris Bank. However, by following the steps in this article, you can buy Bitcoin or Ethereum with your account at Harris Bank. To do so, you just need an account with a reliable crypto exchange that operates in your country of residence.


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