Can you Buy Bitcoin or Crypto with NFCU?
No, it is possible that Navy Federal Credit Union does not offer services for buying cryptocurrency. In such a case, investors would need to use a FINRA-licensed third-party exchange to buy and sell cryptocurrency. To proceed, investors should research and select a reputable exchange that meets their requirements and complies with proper security protocols to safeguard their investments.
How to Buy Crypto with Navy Federal Credit Union
To buy cryptocurrency with a Navy Federal Credit Union account, investors will need to use a regulated digital asset exchange since NFCU does not support any native banking services for buying digital assets. Our recommendation is to use eToro, which offers instant and free ACH deposits from NFCU, as well as alternative deposit methods like debit and credit cards.
With eToro, investors can trade over 60 cryptocurrencies with lower fees and tighter spreads than retail platforms like Coinbase and Kraken. Here is a simple step-by-step guide to getting started:
- Visit eToro to sign up and verify your identity.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Select the amount of USD you want to deposit and your preferred method (select bank transfer).
- Transfer funds to the bank details provided and you will be ready to buy & sell crypto assets on the platform.

What are the fees?
eToro charges low fees for buying and selling cryptocurrencies, with spreads starting at 0.5%. They also offer free ACH deposits from Navy Federal Credit Union, but charge 2.99% for alternative deposit methods like debit and credit cards. This debit & credit charge is not from the exchange itself, but card providers like VISA and Mastercard.
However, it is recommended that investors review and compare the fees of any exchange they choose to use, as they may vary depending on the platform and the specific cryptocurrencies being traded.
Bottom Line
In summary, if you want to buy cryptocurrency with a Navy Federal Credit Union account, you will need to use a regulated digital asset exchange. Our recommendation is eToro, which offers instant and free ACH deposits from NFCU, as well as alternative deposit methods like debit and credit cards.