Summary: TIAA does not directly support cryptocurrency investing through its online banking and investing platform. The only available method to buy cryptocurrencies through your TIAA account is through a licensed and regulated digital asset trading platform in the United States.
Our top pick for US investors is Uphold because they support fast and cheap US Dollar deposits from TIAA Bank accounts. Their platform offers 250+ crypto assets to trade and stake with low fees on their FinCEN licensed exchange in the USA.
- Fast and cheap USD deposits via TIAA Bank to Trade & Stake 200+ Cryptocurrencies.
- Regulated by FinCEN in the USA with audited Proof-of-Reserves.
- Feature-rich platform with Crypto Staking and hundreds of Stocks, ETFs & Metals to trade.
How to Buy Cryptocurrency with TIAA Bank
The best way to buy cryptocurrencies like Bitcoin, Ethereum and Solana from your TIAA Bank or TIAA CREF account is through a FINRA licensed broker. Uphold is one of the largest platforms in the USA with over 10 million users thanks to their fast & cheap USD deposits and wide variety of crypto assets to trade and stake.
You can get started buying Crypto from TIAA with this 4 step guide:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
- Deposit Funds: Connect your TIAA Bank account to quickly deposit USD.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade
IS TIAA Crypto-Friendly?
TIAA has not made any public statements regarding its stance on cryptocurrencies. However, the company offers its clients exposure to Bitcoin through its traditional investment products. For example, TIAA’s institutional investors can gain exposure to Bitcoin through the Grayscale Bitcoin Investment Trust (GBTC).
It is unclear if TIAA would allow its clients to directly invest in cryptocurrencies. However, given that the company offers exposure to Bitcoin through traditional investment products, it is likely that TIAA would be open to working with cryptocurrencies in some capacity.
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What is TIAA?
TIAA, formerly known as TIAA-CREF, is a Fortune 100 financial services organization that is the leading provider of retirement services in the academic, research, medical, and cultural fields. With more than $1 trillion in assets under management, TIAA serves over 5 million people in 15 countries.
TIAA offers a wide range of financial products and services, including retirement planning, investing, and banking. The company also provides insurance, estate planning, and wealth management services. TIAA is a not-for-profit organization, which means that it does not pay dividends to shareholders. Instead, TIAA reinvest its earnings back into the company to help it grow and provide more services to its customers.
Final Thoughts
In conclusion, TIAA does not directly support cryptocurrency investments on its platform, but clients can access the crypto market through licensed platforms like Uphold. With fast and affordable USD deposits from TIAA Bank accounts, Uphold offers a wide range of crypto assets for trading and staking.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
