How to Buy Bitcoin & Crypto with M&T Bank

Buying crypto with M&T Bank is fast, secure, and straightforward when using CEX.IO. Eligible customers can use their M&T Bank debit or credit cards to purchase Bitcoin or other digital assets in just a few minutes. After creating an account and verifying identity, users receive a free CEX.IO Wallet, which allows them to seamlessly buy, sell, and trade Bitcoin and other crypto through our web-based platform or CEX.IO App. 

This guide walks through the complete process, from registration and verification to payment setup and crypto delivery, while outlining M&T Bank crypto purchase fees, limits, and supported methods through the M&T Bank online app for smooth, compliant transactions.

What is M&T Bank?

M&T Bank, listed on the NYSE under the ticker MTB, is a U.S.-based financial institution headquartered in Buffalo, New York. Founded in 1856, it operates across 12 states and Washington, D.C., offering retail and commercial banking, trust, mortgage, and wealth management services. With more than 22,000 employees and over 900 branches, M&T Bank combines local community focus with the capabilities of a national bank.

When it comes to using M&T Bank with CEX.IO, customers can link their debit or credit cards to buy crypto instantly. However, ACH transfers and wire payments are not supported for U.S.-based users. This means that M&T Bank customers should use card-based methods to fund their accounts and purchase digital assets through the CEX.IO platform.

How to buy crypto with M&T Bank on CEX.IO?

With CEX.IO, you can easily buy Bitcoin with an M&T Bank debit or credit card. The process takes only a few minutes, from creating your account and verifying your identity, to choosing your payment method and receiving crypto directly in your CEX.IO wallet. Here’s how to get started step by step.

1. Create CEX.IO Account

To purchase crypto with M&T Bank on CEX.IO, start by creating a verified account. 

Download the CEX.IO App or visit the CEX.IO website and click Create your account. Enter your email address, create a secure password, and select your country of residence (and state, if you’re a U.S. resident). 

Once you’ve agreed to the Terms of Use, confirm your email address via the activation link sent to your inbox. This step ensures your account is secure and ready for verification.

Next, complete the identity verification process to enable access to deposits, withdrawals, and crypto purchases. 

Inside the app, go to Profile → Verification → Start verification. 

Provide your personal details, upload a valid government-issued ID, and take a selfie for facial recognition. 

U.S.-based customers may also need to supply a Social Security Number (SSN) for compliance.

Once verified, you’ll gain access to all core features of CEX.IO, including the ability to add funds, connect your M&T Bank card, and purchase digital assets instantly. Verification typically takes under five minutes and ensures your transactions are safe, compliant, and fully authorized within your region.

2. Access Instant Buy

Once your CEX.IO account is verified, log in using your registered email and password. To buy Bitcoin with M&T Bank, navigate to the Buy Cryptocurrency section in the main menu on the website, or simply tap Buy on the home screen if you’re a mobile user.

Next, select USD as your payment currency and enter the amount of fiat you want to spend. Use the dropdown list or the search bar to choose the crypto you wish to purchase, such as BTC or another preferred asset.

When ready, click Buy Crypto Instantly. You’ll be redirected to the Add Funds page.

3. Add a Payment Method

You’re now on the Add Funds screen, where you can double-check your chosen cryptocurrency, fiat currency, and how much you’re spending. Want to adjust it? Either type a new amount or select a pre-made denomination.

Next, go to Select Payment Method and choose Credit/Debit Card. Fill in your M&T Bank credit card number, expiry date, and CVV. If you’d like to save time next time you buy or withdraw, tap Add Card to keep it securely linked to your account.

When everything looks right, review your details, confirm the amount, and finalize the purchase just as you would when checking out from any online store.

4. Receive BTC in Your Wallet

Once you confirm your purchase, your BTC (or any other selected asset) will be credited to your CEX.IO account almost instantly. While actual timing may depend on your bank’s confirmation process, most transactions appear within seconds.

After the funds arrive, you can choose to hold, sell, trade, or convert your crypto through the CEX.IO ecosystem. To check your balance, go to Wallet → Cryptocurrency tab, and find BTC or any other asset you purchased.

What are M&T Bank Fees and Limits?

M&T Bank fees vary depending on the account type and transaction, though online tools such as Zelle®  and Bill Pay are free to use. Standard wire transfers and similar transactions incur costs of $16 for incoming domestic, $32 for outgoing domestic, and $75 for outgoing international. Personal ACH transfers are limited to $2,000 per day and $5,000 per month combined.

When it comes to M&T Bank crypto activity through CEX.IO, only credit and debit card payments are supported for U.S.-based users. Minimum deposits start at $20, and card processing fees range between 0.49% and 4.99%, depending on the transaction and currency.

M&T Bank Cryptocurrency Policy

M&T Bank follows a regulatory framework for digital currency transactions. While it doesn’t directly offer crypto trading or wallet services, customers can buy crypto with M&T Bank cards through trusted exchanges like CEX.IO, using debit or credit cards for secure, verified purchases of Bitcoin and other digital assets.

For compliance reasons, ACH transfers and wire payments are not supported on CEX.IO for U.S.-based users. This approach helps ensure that all M&T Bank crypto transactions on the platform remain fully aligned with financial regulations, security requirements, and anti-fraud standards.