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Buy Crypto Edward Jones

Buy Crypto Edward Jones

Adrian Graham
Fact Checked
Sep 12, 2022

Our Summary: The Edward Jones investment firm and its financial advisors do not allow customers to buy and sell cryptocurrencies through their online platform. The firm has been quoted as saying that it does not want to get involved with cryptocurrencies because they are too volatile and there is no way to value them.

The only method available to investors is to sign up to a FINRA-regulated multi-asset broker. If you are looking to get started quickly, we recommend the eToro platform because they are licensed and offer over 80 cryptos and thousands of stocks, ETFs and more.

Table of Contents

Best Edward Jones Alternative

Platform Highlights

  • Trade 80+ Cryptos & 8,000+ Stocks, ETFs, Commodities and more.
  • Fast and cheap USD deposits from Edward Jones and all US Banks.
  • A FINRA licensed platform with zero fees and tight spreads.

How to Buy Crypto with Edward Jones

The best way to buy cryptocurrencies with Edward Jones is through the eToro online brokerage. With this method, you can send US Dollars from Edward Jones directly to eToro to invest in over 80 of the leading crypto-assets including Bitcoin, Ethereum, Solana and others. Their platform also gives investors access to stocks, ETFs, commodities, mutual bonds, options and more.

You can get started in 4 simple steps:

  • Step 1: Sign up to eToro US and verify your identity.
  • Step 2: Deposit USD by selecting the 'Deposit Funds' button. You can transfer USD via Bank Transfer, Debit Card or Credit Card from any US financial institution.
  • Step 3: Find the Crypto or other asset you want to buy on eToro.
  • Step 4: Input the US dollar amount you want to invest and execute your trade.
Invest in multiple asset classes with eToro in the US.

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.

Edward Jones App

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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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