Summary: To invest in Bitcoin and other cryptocurrencies, you have to use regulated third-party exchanges. As Discover Financial does not offer these type of services, we recommend beginner-friendly and versatile eToro. This platform is regulated in the US by FinCEN and is perfect for beginners who want access to 1,000s of digital assets and cryptocurrencies. Signup today (akes 1 minute) and safely deposit funds with your Discover credit/debit card!
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Discover Financial does not offer any cryptocurrency trading services to its customers.
However, customers can still buy and sell Bitcoin and other digital assets by linking their bank account or credit card to a third-party cryptocurrency exchange.
We recommend signing up and using eToro in particular as it's regulated in the United States by FinCEN and is safe to use.
If you're looking to buy cryptocurrencies such as Bitcoin or Ethereum, the first step is to sign up for a regulated cryptocurrency exchange.
One beginner-friendly option is eToro that is easy to use, it's regulated and offers 100s of digital assets to choose from.
The signup is free of charge and you can create an account in just a few minutes.
Depositing funds is easy and typically free of charge when done via bank transfer with most deposits arriving within one business day.
Once your funds have arrived you can begin buying and selling cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, Doge, Cosmos and many others!
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Discover credit/debit card
3. Start Buying: Once your deposit has arrived in your account
While Discover Financial does not offer any direct cryptocurrency services, customers can still link their Discover account or debit card to a third-party cryptocurrency exchange and purchase digital assets using the funds in their account.
Yes, you can use your Discover card to purchase cryptocurrencies on regulated exchanges like eToro and Coinbase.
You can easily link your Discover cards to all three exchanges and quickly either buy cryptocurrencies immediately or deposit USD to the exchange.
Yes, Discover Financial is crypto-friendly and does not restrict its customers from depositing or withdrawing funds via bank or card transfers to third party exchanges.
If by support we mean, “not restrict its customers who want to buy and sell cryptocurrencies”, then yes, Discover supports cryptocurrencies.
Besides that, it appears Discover Financial will soon dip their toes into the cryptocurrency space with the hire of their first product manager of blockchain and digital currencies.
Discover Financial is a direct banking and payment services company that was founded in 1986 and that operates Discover Bank. Discover Financial have their headquarters in Riverwoods, Illinois and has over 15,000 employees across the U.S.
The company issues the Discover Card which is the 3rd largest credit card in the U.S. with almost 50 million holders. Discover also offers a variety of other financial services, including online banking and bill pay, mobile banking, digital wallet services, money transfers, and more.
Discover operates the Discover Network, a proprietary payments network that processes transactions for millions of merchants and cash access locations in the U.S., Canada, Mexico, and the Caribbean.
The company has over $100 billion in total assets and generates over $10 billion in revenues.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
