Crypto Banks
How to Buy Crypto with USAA Bank

How to Buy Crypto with USAA Bank

Fact Checked
February 5, 2023
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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.

Our top pick for investors in the USA is Uphold. They offer instant and free USD deposits via USAA Bank to trade & stake over 250 cryptocurrencies with zero fees. Their platform is FinCEN regulated & trusted by over 10 million investors in the country because they offer significantly lower fees than alternatives like eToro and Coinbase.

Table of Contents

Best Crypto Exchange for USAA Bank

Platform Highlights

  • Trade & Stake 250+ Cryptos with instant & free USD deposits via USAA Bank ACH Transfer or Credit/Debit Card.
  • Regulated by FinCEN in the USA and has an audited Proof-of-Reserves.
  • Trusted by over 10 million retail and institutional investors in the United States.
Uphold - USAA Bank
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Audited Proof of Reserves
Audited Proof of Reserves

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 Uphold or Coinbase, and then use those funds to buy your desired cryptocurrency. We generally recommend Uphold over Coinbase because it significantly cheaper fees and more crypto assets.

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 Uphold. They offer over 250 of the top cryptocurrencies for 0 trading fees and tight spreads. They are also one of the only platforms that let you buy crypto with a USAA credit card.

Follow this simple guide below to get started:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
  3. Deposit Funds: Connect your USAA Bank account or Debit/Credit Card to quickly deposit USD.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Buy Crypto USAA Bank
Connect your USAA Bank Account to buy Crypto.

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.

Final Thoughts

In conclusion, USAA is not a direct platform for buying and selling cryptocurrencies. However, it is crypto-friendly as it allows customers to link their accounts to a licensed exchange, enabling them to make USD deposits and withdrawals. Our top pick for buying cryptocurrencies from a USAA account is Uphold, which offers over 250 cryptocurrencies with zero trading fees and the option to deposit funds via USAA bank transfer or credit card.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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