Most banks, but not all, support crypto purchases.
A Verified Account with a Crypto Exchange
This is a crypto wallet you can send from without oversight from a managing crypto exchange
Crypto-friendly banks are special banks that understand and work with digital money, like Bitcoin. While some banks say “no” to crypto, these banks say “yes!” They help people and businesses buy, sell, and keep their digital coins safe. Think of them as friendly helpers that make it easier to use both regular money and online money together.
If you are using your standard bank account and debit card be forewarned that many banks will automatically trigger a fraud warning when you try to make a purchase. This is normal don’t be alarmed. You will just need to contact your bank and let them know the purchase is legitamite and being done by you.
If your current bank is giving you issues, consider an online bank like Ally. While it doesn’t offer direct crypto trading, Ally is known for its smooth integration with major crypto exchanges like Coinbase and Kraken. With no hidden fees on transfers and reliable 24/7 customer support, Ally makes it easy to manage your money while stepping into the world of crypto.
A crypto exchange is where you will purchase your digital currency. Getting set up with a crypto exchange is easier than you think. Just choose a reputable platform like Paypal, Coinbase, Kraken, or Gemini, create an account, verify your identity, and link your bank. Once you’re in, you can buy, sell, and trade crypto in minutes—all from your phone or computer. It’s your first step into the world of digital currency.
If you are a US based customer I **HIGHLY** suggest considering paypal if you already have an established paypal account. The fees are very low and the process of buying and sending to your wallet is extremely easy.
KYC, or “Know Your Customer,” is a standard process crypto exchanges use to verify your identity. It usually involves submitting a photo ID and a selfie, and sometimes proof of address. While it might feel like a hassle, KYC helps prevent fraud, keeps the platform secure, and ensures compliance with financial regulations—so you can trade with confidence. You must complete verification with an exchange before you can begin trading.
I have provided a list, with links, to my top picks for crypto exchanges. Please read notes on each as not all are available in every country.
**US CUSTOMERS ONLY**
My number one recommendation if you are a US Resident is Paypal. ONce you have a verified account setup and have a bank, or preferably debit card, linked to your account you can purchase PYUSD coin and swap to other coins with it for virtually no fees. This is the cheapest and fastest wayt to trade for goods.
**Global Customer Friendly**
Kraken is a great choice for a crypto exchange, especially if you're a global customer. It supports users in over 190 countries and offers a wide range of fiat funding options tailored to different regions. With strong regulatory licenses, including approvals in the EU and UK, Kraken provides a secure and compliant platform you can trust. Its new Krak app also makes it easy to send crypto and fiat instantly across borders without relying on traditional banks. Combined with deep liquidity, advanced trading features, and reliable 24/7 support, Kraken offers a robust and globally accessible trading experience.
Coinbase supports users in over 100 countries, but service availability varies by region. While the U.S., U.K., and much of Europe, along with parts of Asia, have strong support, certain restrictions and features may apply. Some countries may only allow buying, not selling, or have limited access to specific services like staking or futures trading, according to Coinbase.
While you technically CAN send crypto to a recipient I **STRONGLY** advise not doing so as these exchanges examine who you are sending to and WILL freeze your account if they do not trust the recipient. While this sounds good it takes the power away from you in deciding who you send money to. Continue on to non custodial wallets.
A non-custodial wallet is the right choice for crypto because it puts you in full control of your money. Unlike custodial wallets held by exchanges, non-custodial wallets give you sole access to your private keys—meaning no third party can freeze, lose, or restrict your funds. It’s your crypto, your rules.
While setting up your wallet is pretty straightforward and easy theres a few tips and tricks which will make things better and safer.
This site is for educational purposes only.
Papa Porgy is not your lawyer, doctor, accountant, or personal decision-maker.
By continuing, you acknowledge that you are responsible for your own choices.
Please put on your big boy or big girl pants and act accordingly.
Papa Porgy will not be held liable for any outcomes resulting from your actions.