Summary: 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 by FinCEN 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 Bitcoin, Ethereum and more with industry-leading fees.
- Free and instant USD deposits with Navy Federal bank transfer (ACH), credit/debit cards and more.
- Trade over 25 crypto assets with industry-leading fees and spreads.
- eToro USA LLC is registered and regulated with FinCEN.
Can I Buy Bitcoin with Navy Federal Credit Union
Navy Federal Credit Union offers its members a variety of services, including transactions involving different currencies. However, direct conversion from US Dollars (USD) to Bitcoin or other cryptocurrencies is not one of them. Members of Navy Federal Credit Union who are interested in investing in cryptocurrencies would need to use a well-established, reputable cryptocurrency exchange in the USA that is in compliance with regulations set forth by the Financial Crimes Enforcement Network (FinCEN).
How to Buy Bitcoin and Crypto with NFCU
The best way to invest in digital assets with an NFCU account is with a FinCEN licensed and regulated cryptocurrency exchange in the United States. Based on our analysis, we recommend eToro because they offer fast and cheap ACH bank transfers from Navy Federal Credit Union to buy, sell and trade crypto assets:
You can get started in 4 simple steps:
- Register an account on eToro and complete your identity verification.
- Choose 'Deposit Funds', select a method, and transfer USD from your Navy Federal account.
- Utilize the search bar, locate the cryptocurrency you desire to buy, and select 'Trade'.
- Input the quantity of USD you wish to invest and click 'Open Trade'.

Navy Federal Credit Union Crypto Policy
Navy Federal Credit Union doesn't impose any specific regulations that prevent its members from purchasing or trading cryptocurrencies. As a result, members in the United States, as well as those in other countries, can securely conduct transactions involving digital assets using their Navy Federal accounts.
However, it is recommended to exercise caution when transferring US Dollars to international exchanges (such as Huobi or Bitfinex), as Navy Federal reserves the right to hold funds they deem suspicious. For a secure and reliable trading experience, it's advised to utilize platforms that are licensed by FinCEN or the U.S. Securities and Exchange Commission (SEC) within the United States.
About Navy Federal Credit Union
Navy Federal Credit Union is the largest credit union in the United States, both in asset size and in membership. Established in 1933 with only seven members, Navy Federal now serves more than 9 million members. Membership to Navy Federal is largely limited to the military community. It includes all Department of Defense (DoD) and Coast Guard Active Duty, civilian, and their families. Once you become a member of Navy Federal, you can retain your membership for life, regardless of whether you change employers, relocate, or retire.
Navy Federal Credit Union provides a variety of financial services including checking accounts, savings accounts, loans, and credit cards. They operate in a similar way to banks but as a credit union, they are a nonprofit organization owned by its members, which can sometimes allow for more competitive rates and terms.
Final Thoughts
In conclusion, while Navy Federal Credit Union doesn't provide a direct service to convert US Dollars to Bitcoin or other cryptocurrencies, members can effectively invest in digital assets through reputable, SEC-compliant cryptocurrency exchanges like eToro. The process is simple, involving registration, fund transfer from NFCU, selection of the desired cryptocurrency, and executing the trade.
While NFCU does not have restrictions on cryptocurrency transactions, it's advisable to be wary when dealing with international exchanges to avoid potential issues. Ultimately, the key to successful digital asset investing through NFCU is selecting a reliable, regulated cryptocurrency platform that offers secure transactions.