Citibank's Cryptocurrency Policy: Credit Cards vs Debit Cards

Citi Credit Cards Can Be Used to Buy Crypto on Some Exchanges

Citibank credit cards can be used for cryptocurrency purchases on some exchanges, but Citi typically processes those transactions as cash advances, making them significantly more expensive. Transactions that bypass this restriction are typically classified as cash advances, carrying fees of 5% or $10, whichever is greater.

The bank plans to launch an institutional crypto custody platform in 2026, signaling growing internal commitment to digital asset infrastructure. Debit cards linked to a Citibank checking account remain the most cost-effective method for purchasing crypto through third-party exchanges.