Crypto Banks
Buy Crypto Navy Federal Credit Union

Buy Crypto Navy Federal Credit Union

Adrian Graham
Fact Checked
Nov 7, 2022

Key Takeaway: The Navy Federal Credit Union does not directly offer a way to buy Bitcoin and cryptocurrencies through its online banking platform.  However, there are methods to purchase digital assets with your NFCU account through regulated and licensed trading platforms.

If you're looking to get started quickly, we recommend the eToro exchange because they are safe and licensed in the US to provide Crypto brokerage services. With this method, you can transfer funds from NFCU with a bank deposit, credit card or debit card to invest in a wide variety of assets.

Table of Contents

Best Crypto Platform for Navy Federal Credit Union

Platform Highlights

  • Instant and Cheap USD deposits from NFCU Accounts in the United States.
  • Trade over 80 Crypto Assets with low fees on one of the world's largest trading platforms.
  • A comprehensive range of educational resources for investors new to cryptocurrencies.

Is the Navy Federal Credit Union Crypto-Friendly?

Yes, the Navy Federal Credit Union is crypto-friendly. They allow their members to use FINRA-licensed trading platforms to invest in Bitcoin, Ethereum and other digital assets. They also offer a mobile app that allows members to track their portfolios and transactions. Overall, the Navy Federal Credit Union is a great choice for those looking for a credit union that is friendly towards cryptocurrencies.

NFCU Crypto
NFCU Banking.

How to Buy Bitcoin and Crypto with NFCU

As mentioned above, the best way to invest in digital assets with an NFCU account is with a licensed broker. We recommend eToro because they offer fast and cheap ACH bank transfers from Navy Federal Credit Union to buy and sell cryptocurrencies, stocks, ETFs and other assets all in one platform.

You can get started in 4 simple steps:

  1. Visit the eToro US investing platform and sign up.
  2. Deposit USD by selecting the 'Deposit Funds' button. You can transfer USD via Bank Transfer, Debit Card or Credit Card from your Navy Federal Credit Union account.
  3. Once the USD lands in your account, find the Crypto or other asset you want to buy on eToro.
  4. Input the dollar amount you want to invest and execute your trade.
Deposit Funds with NFCU.

Fees to Invest in Digital Assets with NFCU

The fees to invest in digital assets will vary depending on the broker you use. At eToro, there is no commission to buy or sell cryptocurrencies, stocks, ETFs and other assets. You will only be charged a small spread on each trade which is generally less than 0.5%. There are also no deposit or withdrawal fees.

This is significantly cheaper than mainstream alternatives like Coinbase, which charge 2.99% per trade, which does not include their deposit and withdrawal fees.

About Navy Federal Credit Union

Navy Federal Credit Union is the world’s largest credit union with over 8 million members, $91 billion in assets, and more than 18,000 employees. They serve the men and women of the U.S. Navy, Marine Corps, Army, Air Force, Coast Guard, veterans of the armed forces, and their families.

Navy Federal Credit Union offers a wide range of financial products and services to its members, including checking and savings accounts, credit cards, auto loans, mortgages, personal loans, student loans, investment products, and more. NFCU is headquartered in Vienna, Virginia and has branches located across the United States.

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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