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Can I buy Crypto through Goldman Sachs?
Unfortunately, Goldman Sachs does not offer a traditional cryptocurrency trading platform that lets you sign up and trade digital assets via USD deposits from your bank account. Goldman only has a Crypto OTC desk for institutional investors, however, they charge high fees and wide spreads on large asset purchases.
The best way for Goldman clients to get unfettered access to digital assets is through a traditional digital asset trading platform that is based in the United States.
Best Goldman Sachs alternative to buy Cryptocurrencies
The best Goldman alternative to invest in cryptocurrencies in the United States is the eToro trading platform. They offer fast and secure US Dollar deposits from any US Bank account to buy, sell and trade over 65 cryptocurrencies and thousands of Stocks, ETFs, Commodities, Bonds, and more.
You can get started with this simple guide:
- Step 1: Sign up to the eToro USA trading platform and verify your identity as a US citizen.
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
- Step 3: Select USD and your preferred deposit method via any US Bank Account or Digital Bank (bank transfer, credit card/debit card or PayPal).
- Step 4: Once the USD has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
Goldman Sachs Crypto Policy
Goldman Sachs is one of the most progressive and crypto-friendly financial institutions in the United States. They are currently in the process of developing an institutional OTC Desk that would give their clients access to the top digital assets, and yield opportunities within DeFi.
There is also a rumor that Goldman is looking to acquire Celsius, and their distressed assets after their recent collapse. This signals a high degree of confidence that Goldman Sachs is buying cryptocurrencies like Bitcoin and Ethereum.
About Goldman Sachs
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Goldman Sachs was founded in 1869 and is headquartered in New York City.
They offer a broad range of services including: Investment Banking, Institutional Client Services, Investing & Lending, and Commercial Banking. Goldman Sachs has approximately 36,000 employees worldwide. In the United States, Goldman Sachs is licensed and regulated by the Federal Reserve Bank and the Securities Exchange Commission (SEC).
Goldman has been ranked as the "Most Admired" securities firm in America by Fortune magazine for seven consecutive years (2007-2013). Goldman Sachs was also ranked as the "Most Admired" investment bank in the world by Institutional Investor magazine for six consecutive years (2008-2013).
Goldman Sachs has a long history of philanthropy and is committed to improving the lives of its employees, clients, and communities. In 2013, Goldman Sachs donated $315 million to charitable causes around the world.
Final Thoughts
Goldman Sachs is an established financial services company that offers a range of products and services to its large institutional clients. Goldman Sachs does not offer a retail-level cryptocurrency trading platform, but they do have an institutional OTC desk that allows their clients access to the top digital assets with significant discounts in terms of fees and spreads.
The best alternative for individuals to invest in cryptocurrencies is the eToro USA trading platform. They offer fast and secure US Dollar deposits from any US Bank account to buy, sell, and trade over 65 cryptocurrencies and thousands of stocks, ETFs, commodities, bonds, and more.
