Can I buy Crypto with Stash?
No, the Stash App does not offer any investment products that give customers direct exposure to digital assets like Bitcoin and Ethereum. That said, customers can buy crypto-related stocks on Stash like Coinbase (COIN) or the Grayscale Bitcoin Trust (GBTC), however, this is an expensive and inefficient method.
Crypto companies like Coinbase (COIN) have typically underperformed the underlying coins like Bitcoin (BTC) and Ethereum (ETH), which means there is a higher probability of better returns if you invest in real digital assets.
How to buy Crypto with a Stash Alternative?
The best alternative to Stash to invest in cryptocurrencies, stocks, ETFs and other assets is the eToro trading platform. eToro is an SEC-regulated online broker that offers a wide range of assets including 70 cryptocurrencies and thousands of stocks, ETFs, indices, commodities and more.
To get started, follow this simple 4 step guide:
- Create an account: Sign up to the eToro US trading platform.
- Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit US Dollars (USD) via Bank Transfer, Debit/Credit Card or PayPal.
- Find your Crypto: Once the USD hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the USD amount you want to invest and execute your trade.
Stash Invest App Fees
If you still want to use the Stash Invest App, you will need to know about their fees. The Stash App charges a $1 monthly fee (no matter how much you have invested) and an additional 0.25% per year on any account over $5,000. So if you had $10,000 in your account, you would be charged a total of $2.50 per year or $0.208 per month.
On the other hand, eToro does not charge any deposit or withdrawal fees and their spreads are highly competitive. For example, when buying Bitcoin on eToro, you would only pay a 0.75% spread.
About Stash Invest
Stash Invest is an investing app that makes it easy for anyone to get started with investing. The app offers a simple, intuitive interface that helps users make informed investment choices. With Stash Invest, users can set up their portfolios with just a few clicks, and the app provides real-time market data and analysis to help them stay on top of their investments.
Stash Invest is a great choice for anyone looking for a simple, easy-to-use investing app. The app is free to download and use, and it offers a wide range of features that make it a great choice for both new and experienced investors.