Acorns does not provide access to cryptocurrencies such as Bitcoin and Ethereum. Acorns customers who want to buy crypto have to instead turn to regulated third-party exchanges and brokers like eToro.
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Summary: Acorns does not currently offer a way for its customers to buy cryptocurrencies like Bitcoin and Ethereum. As such, we recommend users signup to regulated eToro instead. This exchange is regulated in the US by FinCEN which means that you can buy cryptocurrencies safely. It's perfect for beginners who want to safely and quickly invest in 1,000s of digital assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and many others!
+3,000 Crypto, Stocks, ETFs
0% fees when buy Stocks
Free Fiat Deposits/Withdrawls
FinCEN & FINRA Regulated
Acorns does not provide access to cryptocurrencies such as Bitcoin and Ethereum. Acorns customers who want to buy crypto have to instead turn to regulated third-party exchanges and brokers like eToro.
The best way to buy crypto for Acorns customers is to use alternative regulated platforms that offer cryptocurrency investing.
While Acorns investment platform does not offer the option to buy and sell cryptocurrencies, you can link your account or debit card to third-party exchanges that do.
We recommend using Etoro as they both offer a wider range of cryptocurrencies and are regulated in the United States by FinCEN.
You can open a free account in minutes and have your funds transferred either instantly via card transfer or for free via bank transfer.
You are then ready to invest in 1,000s of digital assets and cryptocurrencies like BTC, ETH, SOL, ATOM, DOT, ADA, DOGE and many more!
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Acorns account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Customers of Acorns do not have access to cryptocurrency trading services. Only indirect exposure is available through a single financial product, Acorns Bitcoin ETF.
Acorns offer its customers access to the crypto market via a single Bitcoin ETF, ProShares Bitcoin Strategy (BITO).
This Exchange Traded Fund (ETF) invests in Bitcoin futures and does not have direct ownership of Bitcoins. Acorns Invest customers can allocate up to 5% of their portfolio to this Bitcoin-linked ETF.
Overall, it appears that while Acorns Bank is not actively embracing the cryptocurrency industry, it is also not hostile towards it either.
As such, customers are free to use cryptocurrency exchanges, wallets, and other services as long as they are legal and in compliance with applicable laws.
Although Acorns Bank currently does not offer any cryptocurrency services, its customers can still participate in the cryptocurrency market by linking their accounts or cards to regulated exchanges that do.
This means that Acorns customers can easily and securely trade cryptocurrencies like Bitcoin, Ethereum, and others.
While Acorns Bank has previously blocked holders of its credit cards for making cryptocurrency purchases, that is no longer the case as most credit card issuers today treat crypto purchases as a cash advance.
Acorns is a financial technology company founded in 2012 in Irvine, California. It was founded by brothers Walter and Jeff Cruttenden who wanted to simplify the way that people invest in their future.
Acorns have received funding from over 39 investors including Headline and Blackrock and have raised over $500 million to date.
Acorns offers a variety of financial services and provides a unique mix of investment and banking services that include:
Automatic round-ups: Debit card purchases get rounded up to the nearest dollar and invested automatically into a diversified portfolio of exchange-traded funds (ETFs).
No overdraft fees & Cashback rewards: Acorns spend does not charge overdraft fees and users can earn cashback rewards when they shop at certain retailers through the Acorns app.
Acorns Later: A retirement savings account that allows users to invest in a diversified portfolio of ETFs and is available as an IRA or 401(k).
Acorns Earn: Allows users to earn money by completing surveys, shopping at certain retailers, and referring friends to the platform.
Acorns are available on both iOS and Android and become one of the most popular investment apps in the United States with over 20 million downloads.
The company has grown significantly since its launch and has over $15 billion in assets under management.
+3,000 Crypto, Stocks, ETFs
0% fees when buy Stocks
Free Fiat Deposits/Withdrawls
FinCEN & FINRA Regulated
