Summary: Stash does not transact in cryptocurrencies via its online application. Nonetheless, its users interested in venturing into digital assets can transfer US Dollars (USD) from their Stash accounts to a certified crypto trading platform within the US. Selecting a digital asset exchange regulated by the FINRA and FinCEN in the US is crucial.
Our proficient team has assessed numerous premier crypto exchanges in the US and pinpointed eToro as the optimal platform for Stash users. The platform takes pride in its over 30 million global users across more than 100 countries and its adaptable, user-friendly interface suitable for novices and advanced traders. Additionally, it extends instant deposits and impressively low trading fees.
- Fast and Cheap US Dollar Deposits from all US Banks via ACH Transfer, PayPal, Debit Card or Credit Card.
- Trade Over 25 Crypto Assets on a Trusted and Regulated Platform with Low Fees.
- eToro USA LLC is licensed & registered with FinCEN.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Can I Buy Bitcoin with Stash?
Stash does not provide cryptocurrency trading services to its users. However, it neither prohibits nor dissuades its users from investing in digital assets through a regulated crypto exchange in the US. Opting for a platform licensed by FinCEN or FINRA is essential for platform security and compliance with the country's regulatory obligations. Stash may only permit transactions to and from a trustworthy digital asset trading platform that implements advanced security measures.
How to Buy Bitcoin and Crypto with Stash
The simplest process for Stash clients to purchase and trade Bitcoin and other digital assets is joining a licensed and regulated digital currency exchange like eToro. They can deposit USD funds via multiple channels, including bank transfer, PayPal and more.
Begin investing in cryptocurrencies with the following four steps:
- Create an account with eToro US and complete identity verification.
- Click the 'Deposit Funds' button and choose a payment method.
- Deposit USD from Stash account.
- Find the coin or token you want in the search bar and execute the trade.
Is Stash Crypto-Friendly?
While Stash does not offer crypto products or services, it does not adopt a negative perspective towards digital currencies. Its positive stance on digital currencies is further bolstered by the fact that users can conveniently deposit and withdraw USD from registered and FinCEN-licensed crypto trading platforms. Yet, users must solely employ approved and regulated exchanges within their state to evade any violations of regulations.
What Is Stash?
Stash is a New York-based financial technology company providing a personal finance application that simplifies investing, banking, and saving for millions of Americans. The platform allows users to invest in stocks and funds, set automatic investments, and receive financial advice. Stash aims to empower the financial well-being of the average American through education and simplified investment opportunities.
As a reliable financial companion, Stash provides a seamless trading experience and equips users with the ability to set automatic investments and receive personalized financial advice. The Stash application goes beyond traditional investing platforms by integrating features such as fractional share investing, enabling users to buy a fraction of a share for companies with high-priced stocks. This makes investing accessible to a larger audience, particularly those on a budget.
Final Thoughts
In conclusion, while Stash does not directly offer cryptocurrency trading services, it does not deter its users from venturing into digital asset investment through licensed crypto exchanges in the US. Stash users can seamlessly transfer funds to and from FinCEN-approved crypto platforms like eToro, adhering to the necessary regulations.
Despite its primary focus on traditional investment products such as stocks and funds, Stash shows a positive stance towards digital currencies, underlining its commitment to financial innovation. This approach, combined with its unique features like fractional share investing, continues to make Stash an appealing and versatile option for users seeking to diversify their investment portfolios.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
