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How to Buy Crypto with TIAA in United States

Last updated on November 12, 2023

Quick Summary: While TIAA 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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TIAA Homepage

As mentioned in my quick summary, like most United States banks, TIAA 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 TIAA

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 TIAA.

Buy Crypto With eToro

About TIAA

TIAA Bank is an American multifaceted financial services company under the auspices and supervision of the New York-based TIAA. It is headquartered at Jacksonville, Florida, TIAA Bank provides mortgage, banking and investment services across in the United States. The bank was created as a result of the merger of TIAA Direct, TIAA’s former banking division and EverBank. The name change became official on June 4, 2018 after EverBank was acquired by TIAA in July of 2017.

The original name was Teachers Insurance and Annuity Association of America, TIAA was established in the year 1918. It was founded through Andrew Carnegie, a Scottish-American business magnate, industrialist and philanthropist renowned for his construction of Carnegie Hall in New York, NY, and for the 2,509 public and academic libraries that he financed throughout all of the U.S. and beyond.

TIAA signed a contract to purchase EverBank to pay $2.5 billion cash the 8th of August in 2016. On June 12 2017 the company officially changed its name to “TIAA FSB Holdings, Inc. formerly known as EverBank Financial Corp”. A year later, TIAA started rebranding all its banking services with its TIAA Bank name on June 4, 2018.

On the 3rd of November 2022 TIAA signed an agreement to sell TIAA Bank to private interests.

Since the year 2018 the bank has made donations of almost nine million dollars more than 100 charitable organizations , based on the four pillars of food, environment, education and building communities.