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How to Buy Crypto with USAA in United States

Last updated on December 28, 2023

Quick Summary: While USAA 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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USAA Homepage

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

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 USAA.

Buy Crypto With eToro

About USAA

The United Services Automobile Association (USAA) is located in San Antonio. It is a Fortune 500 diversified financial services company that also operates the Texas Department of Insurance, which regulates inter-insurance exchange that is reciprocal and a subsidiary providing insurance and banking services to families and members of the public who are serving, or have served within or served in the United States Armed Forces. By the end of 2020, it was home to more than 13 million members.

USAA was established on 19-22 in San Antonio by a group of 25 U.S. Army officers as an insurance company that could be mutually insured in the event that they could not obtain auto insurance due to the belief of them, being military personnel were a high risk group. USAA has since grown to provide banking and insurance services to current and past personnel from the Armed Forces, officers and members of the enlisted and their families.

The company was ranked at No. 96 in the 2021 Fortune 500 ranking of top United States corporations by total revenues and also appeared in Forbes’ 2021 Blue Ribbon list of companies that ranked the number at. 355 on the Fortune Global 500, No. 94 on the Fortune 500, No. 55 on the 100 Best Companies to Work For and World’s Most Admired Companies.

USAA provides a variety in personal insurance options, including property and casualty (P&C) insurance products, including homeowner insurance, auto insurance renters’ insurance along with personal and umbrella property insurance. Alongside P&C insurance USAA also offers life assurance and term life insurance and annuities. The life insurance policies offered by USAA although not unique in the market but are distinct from the majority of options because they do not include a war exclusion clause.