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Buy Crypto with Western Union

Buy Crypto with Western Union

Karen Tren
Fact Checked
Nov 21, 2022

Summary: Western Union does not directly offer cryptocurrency trading and investing through its online banking platform. However, customers can transfer funds via Western Union to a secure and regulated crypto broker to invest in the asset class.

We recommend the eToro platform which accepts transfers from Western Union to trade over 80 cryptos and thousands of stocks, ETFs, commodities, and more for zero fees.

Table of Contents

eToro - Best Exchange for Western Union

Platform Highlights

  • Fast and cheap fiat deposits via Western Union with low deposit fees.
  • Globally regulated and licensed platform with over 18 million users in 180 countries.
  • Trade over 80 Cryptocurrencies and 8,000+ Stocks, ETFs, Commodities, Currencies and more.

Can I buy Crypto with Western Union?

The short answer is no. Western Union does not offer any direct way to buy digital currencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) or others.

What Western Union does is provide a global money transfer service that can be used to send money to friends, family, and businesses around the world. While it’s possible to use Western Union to send money to an exchange like eToro or Coinbase, it’s not possible to buy digital currencies directly from Western Union.

How to buy Cryptocurrency with Western Union

The best way to buy Crypto with a Western Union account is through a globally regulated exchange like eToro. They are a leading online broker that offers over 70 different cryptos, as well as thousands of stocks, ETFs, commodities, and more. eToro is licensed by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other financial authorities around the world.

You can follow this simple 4 step guide to start investing in digital assets via Western Union.

  1. Create an account: Sign up to the eToro platform and verify your identity.
  2. Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit EUR, GBP, USD or AUD from a Bank Account, Debit Card/Credit Card, PayPal or Western Union.
  3. Find Crypto on eToro: Once the fiat hits your account, find the Crypto, or alternative asset you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the amount in the amount you want to buy and execute your trade.
Crypto Western Union
Buy Crypto, Stocks and more via Western Union deposit with eToro.

Western Union Crypto Policy

While Western Union does not currently offer any direct way to buy digital currencies, the company has stated that it is open to the idea of integrating cryptocurrencies into its platform in the future.

In an interview with CNBC in 2018, Western Union CEO Hikmet Ersek said that while the company was not currently looking at adding cryptocurrency to its platform, it was something they were "open-minded about."

Then, in March of 2020, Western Union's Chief Product and Technology Officer Odilon Almeida said that the company was "exploring" the possibility of using cryptocurrencies and blockchain technology to improve its money transfer service. While Western Union has not made any concrete plans to add cryptocurrency to its platform, the fact that the company is open to the idea suggests that it could happen in the future.

About Western Union

Western Union is a money transfer and communications company based in the United States. The company was founded in 1851 as a telegraph company, and it has since grown to become one of the largest money transfer companies in the world. Western Union offers a variety of services, including money transfers, bill payments, money orders, and prepaid debit cards. The company has a network of over 500,000 agents in more than 200 countries and territories.

Western Union

Western Union Co (NYSE: WU) is a publicly traded company, and it is a member of the S&P 500. The company's headquarters are located in Englewood, Colorado. Western Union has been in business for over 160 years, and it is one of the largest money transfer companies in the world. Western Union has a strong history of innovation, and it was one of the first companies to offer money transfer services online.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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