• Home
  • /
  • Banks
  • /
  • How to Buy Crypto with Goldman Sachs in United States

How to Buy Crypto with Goldman Sachs in United States

Last updated on November 12, 2023

Quick Summary: While Goldman Sachs 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.

5/5

11,029 5-star reviews on Trustpilot

As mentioned in my quick summary, like most United States banks, Goldman Sachs 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 cryptocurrency 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 Goldman Sachs

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 cryptocurrency

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 Goldman Sachs.

Buy Crypto With eToro

About Goldman Sachs

Goldman Sachs is an American multinational financial and investment banking firm. Established in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan and has its regional offices at London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City in addition to locations in different world financial hubs.

Goldman Sachs is the second largest investment bank in the world according to revenues and is ranked as in the 57th spot among the Fortune 500 list of the most important United States corporations by total revenue. It is regarded as an important institution in the financial system as per the Financial Stability Board.

It invests and assists with financing for startup companies and, in most cases, is able to gain additional business when companies announce their initial public offerings. The most notable initial public offerings in that Goldman Sachs was the lead bookrunner are those of Twitter, Bumble, Robinhood Markets. Startups that Goldman Sachs as well as its money have been invested are Spotify, Foodpanda, and Dropbox among other companies. It is a member organization that is part of the World Economic Forum.