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How to Buy Crypto with Washington Federal in United States

Last updated on November 12, 2023

Quick Summary: While Washington Federal 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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Washington Federal Homepage

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

There are a large number of cryptocurrency exchanges that you can use 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 Washington Federal

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

1. Pick a crypto trading platform

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 Washington Federal.

Buy Crypto With eToro

About Washington Federal

Washington Federal, Inc. is a financial institution located within Seattle, Washington, in the United States. It is the principal affiliate of Washington Federal, Inc. which is a holding company for banks. It operates 235 branches in eight western states. WaFd Bank is among the largest banks across the United States

The bank was established in 1917 on the 24th of April under the name Ballard Savings and Loan.

In 1958, the two companies merged and became known as Washington Federal Savings and Loan.

The bank demutualized in the year 1982.

The current structure of the holding company was established in the year 1995.

In the year 2019 the bank was rebranded to WaFd Bank.