How To Safely Buy BTC & Crypto With Betterment Alternatives

buy crypto betterment
Mike Harry
Feb 2024
4 min to read
Fact checked

Summary: Betterment customers that wish to invest in cryptocurrencies like Bitcoin and Ethereum should consider signing up with FinCEN regulated platforms such as eToro. This user-friendly platform is perfect for beginners and offer 1,000s of digital assets while being regulated in the US. The sign-up process is fast and easy, and once completed, you can deposit money securely from your bank account to start investing in cryptos like BTC, ETH, SOL, ATOM, ADA, DOGE and more!

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

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Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is 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.

Buy Bitcoin with Betterment alternative eToro
Buy Bitcoin with Betterment alternative eToro

While Betterment offers indirect cryptocurrency investment options through its index portfolios, these come with substantial fees.

How to buy crypto with Betterment?

To get started with trading cryptocurrencies, the first step is to sign up for a safe and regulated exchange such as eToro.

This platforms is highly recommended as it's beginner-friendly and easy to navigate while offering a wide range of 100s of cryptocurrencies.

Once you have successfully signed up and connected your Bank account, you can make your first deposit.

It's worth noting that bank deposits (ACH) are free of charge whereas credit/debit card transfers come with small fee.

Once your deposit has been processed and funds have been successfully credited to your account, you can start trading cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others.


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

‍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. 

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.

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 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.
Betterment website
Betterment website

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

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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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