How to Buy Crypto with SECU
As outlined above, the best way to buy Bitcoin and crypto assets with SECU is through a regulated broker like Uphold. With this method, investors can securely deposit USD via ACH Transfer, Debit Card, Credit Card, Google Pay, Apple Pay, Plaid and other methods to buy digital assets.
Here is a simple 4 step guide to get started:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on Uphold (USD + 30 more).
- Deposit Funds: Connect your SECU Bank account or Debit/Credit Card to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the crypto you want to buy and execute your trade.
Is State Employees Credit Union Crypto-Friendly?
State Employees' Credit Union (SECU) appears to be crypto-friendly as its account holders can transfer funds into FinCEN licensed cryptocurrency exchanges. This suggests that SECU is open to facilitating transactions with cryptocurrencies and is in compliance with the financial regulations set forth by FinCEN. However, as policies can change, it's always best to check with SECU directly for the most up-to-date information on their services and stance on cryptocurrencies.
What are the Fees to Buy Crypto?
The fees to buy and sell cryptocurrencies will vary depending on the exchange or broker you choose. One of the key reasons we recommend Uphold is that they are significantly cheaper than popular alternatives like Coinbase and eToro which charge fees in excess of 2%. Their platform charges 0 deposit & withdrawal fees, 0 trading fees and a fee of 0.5% that is charged in the price spread.
In conclusion, State Employees Credit Union (SECU) does not have a direct option for investing in cryptocurrency through its online banking platform. However, SECU account holders can transfer funds to a licensed and regulated exchange in the USA.
The best option for SECU customers is Uphold, a trusted platform with over 10 million users that offers a wide selection of cryptocurrencies, instant and free USD deposits, and low fees. To start buying cryptocurrency with SECU, simply sign up for an account on Uphold, connect your SECU bank account or debit/credit card, and begin executing trades.