How to Buy Crypto with Edward Jones
The best way to buy cryptocurrencies with Edward Jones is through the Uphold online brokerage. With this method, you can send US Dollars from Edward Jones directly to Uphold to invest in over 250 of the leading crypto-assets including Bitcoin, Ethereum, Solana and others. Their platform also gives investors access to crypto staking to earn up to 25% APY on deposits.
You can get started in 4 simple steps:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
- Deposit Funds: Connect your US Bank account or a Debit Card/Credit Card to quickly deposit your selected fiat currency.
- Buy Crypto: Find the Crypto you want to buy on the platform and input the amount of USD and select 'Buy'.
Is Edward Jones Crypto-Friendly?
If you're looking for a crypto-friendly investment firm, Edward Jones may not be the right choice. The company has explicitly stated that it does not currently invest in cryptocurrencies or related products. However, this could change in the future if the cryptocurrency market becomes more mainstream and regulations are put in place to protect investors.
For now, though, Edward Jones is not a good option for those looking to invest in cryptocurrencies. Their financial advisors only allow you to get access to crypto-equities like Coinbase or Microstrategy, which has typically underperformed underlying tokens like BTC and ETH.
What is Edward Jones?
Edward Jones is one of the largest investment firms in the United States. The company offers a variety of financial services, including investment banking, asset management, and insurance. Edward Jones has over 14,000 financial advisors across the country and serves more than 7 million clients.
The company was founded in 1922 by Edward D. Jones Sr. and Harold C.Deutschmann in St. Louis, Missouri. The firm became known for its focus on individual investors and its personal approach to investing. Edward Jones is a member of the Fortune 500 and is ranked as the 11th largest financial services company in the world by total revenue.
Edward Jones has been recognized for its workplace culture and has been named one of the "100 Best Companies to Work For" by Fortune magazine for 19 consecutive years. In 2018, the company was ranked No. 1 on the list. The company has been criticized for its high fees, lack of transparency, and sales practices. In 2005, Edward Jones paid $75 million to settle a class-action lawsuit that accused the company of misleading investors about the fees they were paying.
Edward Jones is not a good option for those looking to invest in cryptocurrencies. The company has expressly stated that it does not currently invest in cryptocurrencies or related products. However, this could change in the future if the cryptocurrency market becomes more mainstream and regulations are put in place to protect investors. For now, we recommend using services like Uphold or Coinbase to buy, sell, and trade cryptocurrencies. Both of these services are licensed and offer over 250 cryptocurrencies to trade and stake with low fees.