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How to Buy Crypto with Ameriprise in United States

Last updated on November 12, 2023

Quick Summary: While Ameriprise does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of United States cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.


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Ameriprise Homepage

As mentioned in my quick summary, like most United States banks, Ameriprise doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform and comes with regulations and extra work for the banks.

Thankfully there are many crypto trading platforms to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Ameriprise

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency exchange

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Ameriprise.

Buy Crypto With eToro

About Ameriprise

Ameriprise Financial, Inc. is a multi-faceted banking and financial services firm and a holding company that is incorporated in Delaware and with its headquarters at Minneapolis, Minnesota. It offers financial planning products and services, which include the management of wealth, assets insurance, annuities and estate planning.

In April 2022, more than 70% of the company’s earnings was derived in the field of wealth management.

The firm is ranked 245th in the Fortune 500. It is among the top ten of the top banking institutions that are located in the United States. The bank is the ninth largest broker-dealer independent by assets under control. It is among the biggest financial planning firms within the United States and is among the top 25 asset managers around the globe. It ranks 8th in the long-term mutual fund asset base across the U.S., fourth in retail funds in the U.K., and 27th in the world’s assets under management.

The firm is a specialist in financial planning for retirement that is tailored to wealthy customers. It provides variable annuities as well as the insurance for life as well as disability. It also runs Ameriprise Bank FSB that offers wide range of consumer banking, credit products as well as personal trust and other related services. Since 2015, the asset management division operates under the brand name of Columbia Threadneedle Investments. The company has three main brands to operate its businesses across the United States: Ameriprise Financial, Columbia Management and RiverSource.