Is it safe to invest in Cryptocurrencies?
Cryptocurrency investing is a high-risk, high-reward type of investment, so it's important to be aware of the risks associated with this asset class. Before considering an investment in cryptocurrencies, you should thoroughly research and understand the token you plan to invest in.
In terms of exchange security, Uphold utilizes advanced encryption technology, bank-level security measures, multi-factor authentication, cold storage wallets, and 24/7 customer service support to keep its user's assets safe. Additionally, Uphold offers a zero fraud liability policy so that customers are never held liable for unauthorized transactions. It is considered the most secure crypto trading platform in the US.
How to Buy Bitcoin or Crypto with Old National
The easiest way to invest in Bitcoin, Ethereum, and other digital assets with an Old National Bank account is through Uphold. Uphold offers free and instant USD deposits to Old National customers via Bank Transfer and ACH. Credit/Debit card deposits are also accepted but are subject to a small fee. Follow the below steps to get started.
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want to deposit on the Uphold Platform (USD, EUR + 30 more).
- Deposit Funds: Connect your Old National Bank account or card to deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Buying Cryptocurrency Fees
When you purchase digital assets through a crypto exchange there are a few fees that are involved, deposit, withdrawal, and trading fees. Uphold provides free fiat deposits via Bank Transfer, ACH, Apple Pay, and Google Pay. For Credit/Debit card deposits, a 3% fee is applied. The trading fees on Uphold range from 0.9% - 1.2% and vary depending on the token and what country you reside in.
What is Old National Bank
Old National Bank has been a trusted financial institution in the United States for over 175 years. Headquartered in Evansville, Indiana, Old National has branches in Illinois, Kentucky, Michigan, Minnesota, Ohio, and Wisconsin. The company offers a variety of personal banking products and services including checking accounts, savings accounts, money market accounts, and more.
In addition to personal and business banking products and services, Old National Bank also offers investment and wealth management services through its subsidiary, Old National Wealth Management.
Although Old National Bank does not offer cryptocurrency investing services directly, its customers can easily purchase digital assets through Uphold. Uphold is considered the most secure digital asset exchange in the US and offers a variety of features to help protect customers from fraud or theft. To learn more about this platform, visit our detailed Uphold Review.