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How to Buy Crypto with USAA

How to Buy Crypto with USAA

Adrian Graham
Fact Checked
Sep 9, 2022

Summary: USAA does not directly offer cryptocurrency investing services through its online banking platform. That said, they do allow customers to deposit US Dollars into a licensed crypto exchange to buy digital assets via bank transfer or USAA credit card.

If you are looking to get started quickly, we recommend a platform like eToro US because they offer fast and cheap deposits from USAA. Their exchange offers thousands of cryptos, stocks, ETFs, commodities and more in one platform for zero trading fees.

Table of Contents

Best USAA Bank Crypto Exchange

Platform Highlights

  • Fast and Cheap USD deposits from USAA Bank via Bank Transfer or Credit Card/Debit Card.
  • Trade 70+ cryptos & 8,000+ stocks, ETFs, commodities and more.
  • Zero fees or trading commissions on Crypto & Stocks.

Can I buy Cryptocurrencies with USAA?

Unfortunately, no. The United Services Automobile Association (USAA) does not offer any products or services on their online banking app which enables customers to buy and sell cryptocurrencies like Bitcoin and Ethereum. Further, their CEO and executive team has not announced any plans to integrate a crypto exchange into the bank in the future.

The only method currently available for buying digital assets with USAA is to first deposit USD into a licensed exchange like eToro or Coinbase, and then use those funds to buy your desired cryptocurrency. We generally recommend eToro over Coinbase because it offers cheaper fees and lets you buy multiple asset classes (outside of just cryptocurrency).

How to Buy Crypto with USAA

The safest and easiest way to buy cryptocurrencies from a USAA account is through a licensed digital asset trading platform like eToro. They offer over 8,000 different assets, including the top cryptocurrencies for 0 trading fees and tight spreads. Their also one of the only platforms that let you buy crypto with a USAA credit card.

Follow this simple guide below to get started:

  • Step 1: Sign up to the eToro trading platform and verify your identity in the USA
  • Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
  • Step 3: Select your preferred deposit method to start buying Crypto via USAA (bank transfer, credit card/debit card or PayPal).
  • Step 4: Once the money has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
USAA eToro
Buy cryptocurrency, stocks, ETFs and more from USAA.

Is USAA Crypto-Friendly?

While USAA does not enable customers to buy cryptocurrency directly through their online banking platform, they are crypto-friendly in the sense that they do allow customers to link their accounts to a licensed exchange. This allows customers to make deposits and withdrawals in USD without having to go through the hassle of selling crypto and transferring the proceeds back into their bank account.

What is USAA?

USAA is a United States-based financial services company that offers banking, insurance and investment products to 11.8 million current and former members of the U.S. military and their families. USAA was founded in 1922 by a group of 25 Army officers to provide affordable insurance to military personnel.

In terms of banking, USAA offers checking and savings accounts, credit cards, loans and mortgages. They have over 2,700 physical branches across the country and 24/7 customer support. Their mobile app has been rated 4.8 out of 5 stars on the App Store with over 100,000 ratings.

USAA Banking
The USAA online banking platform.

What is eToro?

eToro is a social trading platform that enables users to buy, sell and trade a variety of assets, including cryptocurrency, stocks, ETFs, commodities and more. eToro was founded in 2007 with the mission of making financial markets more accessible to everyone.

The eToro exchange has over 10 million registered users in 140 countries and is available in 24 different languages. Their mobile app has been rated 4.5 out of 5 stars on the App Store with over 100,000 ratings. For more information about the platform, you can read our extended eToro Review.

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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