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Buy Crypto with TIAA

Buy Crypto with TIAA

Alysha Jane
Fact Checked
Sep 12, 2022

Our 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.

If you are looking to get started quickly, we recommend a platform like eToro because they support fast and cheap US Dollar deposits from TIAA Bank accounts. Alternatively, you can invest in crypto-related stocks like Coinbase through TIAA Brokerage, but that has underperformed the underlying assets like BTC and ETH.

Table of Contents

Platform Highlights

  • Fast and Cheap USD deposits from TIAA & TIAA CREF.
  • Trade 70+ Cryptos & 7,000+ Stocks, ETFs, Commodities and more.
  • Zero fees or trading commissions on Crypto & Stocks.

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. eToro is the largest platform in the USA for investors that want to buy Crypto and Stocks on one brokerage, with over 18 million users in the country.

You can get started buying Crypto from TIAA with this 4 step guide:

  1. Sign up to the eToro platform and verify your personal information.
  2. Deposit USD from your TIAA account via ACH Transfer, Debit/Credit Card or Bank Wire.
  3. Find the Crypto you want to buy and select 'Trade'.
  4. Input the USD amount and execute your order.
Deposit USD via TIAA to trade multiple asset classes.

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.

TIAA Bank
TIAA Personal and Business Banking.

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.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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