How To Safely Buy Crypto With Betterment Alternatives

Mike Harry
Feb 2023
4 min to read
Fact checked

Summary: For those interested to buy cryptocurrencies like Bitcoin with Betterment, the best and safest alternative is to signup to exchanges like eToro and Uphold. Betterment only offers crypto via index portfolios with a high 1% fee plus additional trading expenses. Two cheaper and FinCEN regulated alternatives are eToro and Uphold. It only takes a few minutes to signup and you can then deposit funds via bank or credit/debit card transfer. 

eToro

+80 Cryptos & Copy Trading

Virtual Demo Portfolio

Fast & Cheap Deposits

FinCEN & FINRA Regulated

Visit eToro
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

Visit Uphold
Crypto assets are high risk and not regulated.
Capital at risk.

Can I buy crypto with Betterment? 

For Betterment customers who are interested in acquiring cryptocurrencies, such as Bitcoin, it is recommended to register with reputable exchanges such as eToro and Uphold. While Betterment offers indirect cryptocurrency investment options through its index portfolios, these come with substantial fees.

How to buy crypto with Betterment?

The best way to buy crypto with Betterment is to signup and use safe and regulated exchanges like Uphold and eToro. These are beginner-friendly exchanges that are easy to get started with and safe to use. 

The signup process only takes a few minutes to complete and you can then deposit funds via bank or card transfer. The funds normally arrive on the same day and you can then begin buying cryptocurrencies. 


How to sign up

1. ‍Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Betterment account or credit card/debit card. 
3. Start Buying: Once your deposit has arrived in your account.

Buy crypto with Betterment alternative eToro
Buy crypto with Betterment alternative eToro

Betterment Crypto

Below are a few additional questions related to Betterment and cryptocurrencies. 

1. Is Betterment crypto-friendly? 

Yes, Betterment can be considered crypto friendly as it offers investment options in cryptocurrencies. The investment options are however limited to index portfolios rather than direct exposure to specific cryptocurrencies. 

2. Betterment crypto investing?

Betterment only offers investing in cryptocurrencies through index funds. This means that customers don’t have direct ownership of specific cryptocurrencies but instead have exposure to a diversified basket of cryptocurrencies.

3. Betterment crypto IRA

Betterment does offer a self-directed individual retirement account (IRA) option, but it does not currently offer a dedicated cryptocurrency IRA. Customers can invest in a cryptocurrency index portfolio as part of their self-directed IRA.

About Betterment

Betterment website
Betterment website

Betterment was founded in 2008 in New York City and is a digital investment advisor that provides investment management and financial planning services. Betterment offers a range of investment products and services, including:

1. Taxable investment accounts for long-term wealth growth.

2. Retirement accounts that offer Roth IRAs, SEP IRAs, and Solo 401(k)s.

3. Portfolio options that include exchange-traded funds (ETFs).

4. Financial planning tools such as  retirement calculator, tax-loss harvesting and more.

5. Digital personalized investment advisors to assist with financial planning.

6. Cash management account with a competitive interest rate.

Overall, Betterment is a trusted and reputable digital investment advisor that provides a range of investment and financial planning services to individual investors. Betterment has over $30 billion in assets under management and over 1 million customers across the US. 

eToro

+80 Cryptos & Copy Trading

Virtual Demo Portfolio

Fast & Cheap Deposits

FinCEN & FINRA Regulated

Visit eToro
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

Visit Uphold
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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