Can you Buy Crypto with USAA
Yes, you can buy cryptocurrency with USAA through a regulated and licensed exchange in the US. This means that the exchange has met certain legal and regulatory requirements, making it a safe and secure platform for buying and selling cryptocurrency.
How to Buy Bitcoin and Crypto with USAA
As outlined above, the best way to buy digital assets with a USAA account is through an exchange that holds a license from regulators like FinCEN and FINRA. Based on our research of over 30 different platforms in the USA, we recommend using eToro because they offer instant transfers and the most crypto assets to trade for investors in the country.
You can follow the simple guide below to get 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 deposit method (e.g USAA ACH Transfer or Debit/Credit Card).
- Complete the USD deposit and use the funds credited to your account to invest in cryptocurrencies.
What are the Fees to Invest in Digital Assets?
Investing in digital assets can involve various fees, including deposit and withdrawal fees, trading fees, and exchange fees. These fees can vary depending on the platform or exchange you use and the type of digital asset you are investing in.
However, eToro is a platform that offers a competitive fee structure for investing in digital assets. With eToro, users can enjoy free deposits, zero fees, and tight spreads that average around 0.5%-1%. This means that users can invest in digital assets with minimal fees, allowing them to maximize their investment returns.
Is USAA Crypto-Friendly?
USAA, although not directly providing cryptocurrency investment services, is considered crypto-friendly. The financial institution allows its customers to deposit and withdraw funds from regulated US cryptocurrency exchanges in the USA, indicating its positive outlook towards the asset class. USAA has also invested in blockchain technology, demonstrating its interest in the field, and may consider integrating cryptocurrencies into its services in the future.
USAA customers can buy cryptocurrency through regulated and licensed exchanges in the USA. eToro is recommended as the best platform for buying and trading over 70 cryptocurrencies with zero fees and industry-leading spreads. USAA's positive outlook towards the asset class is evident through its support for customers to deposit and withdraw funds from regulated exchanges.