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Buy Crypto with Western Union

Buy Crypto with Western Union

Fact Checked
March 17, 2023
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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 Uphold platform which accepts multi-currency transfers from Western Union to trade and stake over 250 cryptocurrencies with low fees. The exchange is licensed & regulated throughout Europe, the UK, the USA and boasts over 10 million users around the world.

Table of Contents

Best Crypto Exchange for Western Union

Platform Highlights

  • Trade over 250 Crypto Assets with free and instant EUR, GBP, USD, CHF, SEK and other fiat deposits from Western Union.
  • Invest in multiple asset classes including crypto, shares, precious metals, fiat currencies and more.
  • Regulated and Licensed by the Financial Conduct Authority (FCA) and FinCEN.
Uphold - Western Union
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Audited Proof of Reserves
Audited Proof of Reserves

How to buy Cryptocurrency with Western Union

As outlined above, best way to buy Crypto with a Western Union account is through a globally regulated exchange like Uphold. They are a leading online broker that offers over 250 different cryptocurrencies and instant deposits from Western Union. Their platform is licensed and regulated by leading financial markets authorities like the Financial Conduct Authority (FCA) in the UK.

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

  1. Sign up to the Uphold exchange with your email and complete the verification process.
  2. Connect your Western Union account or debit/credit card to Uphold by selecting the fiat currency you want to deposit on your dashboard.
  3. You can then select the 'connect bank' button to link your Western Union account to the platform and deposit any available fiat currency.
  4. Once the funds arrive, find the cryptocurrency you want to purchase and execute your trade.
Western Union Crypto
Deposit Funds via Western Union.

Western Union Crypto Policy

Western Union's Crypto Policy is designed to accommodate the growing interest in cryptocurrencies among its customers. While Western Union itself does not directly support cryptocurrency trading or transactions, the platform does allow customers to send funds to licensed and regulated crypto exchanges within their jurisdiction. This policy ensures that users can safely and legally invest in digital assets by transferring money to compliant cryptocurrency platforms.

What are the Fees?

The fees associated with buying crypto using Western Union will depend on the specific cryptocurrency exchange and the transaction details. When transferring funds from Western Union to a regulated digital currency exchange, you may be subject to fees related to the money transfer service, as well as any deposit, trading, and withdrawal fees charged by the crypto exchange.

Fortunately for investors, Uphold charges zero deposit fees via bank transfer and zero commissions on the platform. The only fee you need to consider is the spread, which averages at around 1%.

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 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.

Western Union Online Banking.
Western Union Online Banking.

Final Thoughts

In conclusion, although Western Union doesn't directly offer cryptocurrency trading, it does allow customers to transfer funds to licensed and regulated crypto exchanges like Uphold. Uphold is a trusted platform with over 250 cryptocurrencies available for trading and staking, catering to millions of users worldwide. To invest in digital assets via Western Union, simply sign up on Uphold, link your Western Union account, deposit your desired fiat currency, and execute your trade.

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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