How To Buy Bitcoin & Crypto In A Safe Way With MoneyLion

buy crypto moneylion
Mike Harry
Feb 2024
4 min read
Fact checked

Summary: We advise MoneyLion customers interested in cryptocurrencies like Bitcoin and Ethereum to register with FinCEN regulated platforms such as eToro and Uphold. These platforms are great for beginners, offering a wide selection of digital assets under the oversight of US regulations. After a swift sign-up process, you can safely deposit money from your MoneyLion account and begin trading in digital assets like BTC, ETH, SOL, ATOM, ADA, DOGE, among others.

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.

Can I Buy Crypto With MoneyLion?

Although it's not possible to buy cryptocurrencies through the MoneyLion platform, you can connect your MoneyLion account to a regulated cryptocurrency exchange such as eToro or Uphold and buy cryptocurrencies via their platforms.  

Buy crypto with MoneyLion & Uphold
Buy crypto with MoneyLion & Uphold

How To Buy Crypto With MoneyLion?

The first step to begin buying and selling cryptocurrencies is to sign up for a regulated and secure exchange, such as eToro or Uphold.

Our recommendation for MoneyLion customers is to use these platforms as they are user-friendly and provide access to 100s of cryptocurrencies.

Signing up for an account on either platform is a straightforward process that only takes a few minutes and is completely free of charge.

Once you have completed the sign-up process, you can easily connect your MoneyLion account and make your first deposit.

When it comes to making deposits, there are two main options: bank deposits (ACH) and credit/debit card transfers.

While bank deposits are free of charge, card transfers are instant but come with a small fee.

Once your funds have been successfully deposited into your account, you can begin to buy and sell a wide variety of cryptocurrencies including popular options such as Bitcoin, Ethereum and Solana.

How to sign up

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

Does MoneyLion allow crypto purchases?

While MoneyLion is not in the business of selling cryptocurrencies, it does allow it's customers to sign up to regulated exchanges and deposit funds in order to buy and sell popular cryptocurrencies like Bitcoin and Ethereum.

Buy crypto with MoneyLion Credit Card?

MoneyLion's customers are allowed to use their debit or credit cards in order to deposit fiat currencies to cryptocurrency exchanges that are regulated.

We recommend using regulated exchanges to avoid any potential issues when depositing or withdrawing funds.

Is MoneyLion crypto friendly?

Although MoneyLion doesn't provide any direct cryptocurrency services, it is still regarded as a crypto-friendly bank primarily because its customers have the flexibility to connect their bank accounts or debit cards to authorized third-party exchanges.

MoneyLion doesn't currently have any crypto-specific offerings, but it doesn't restrict or interfere with its customers who wish to indulge in cryptocurrency trading through licensed third-party providers.

About MoneyLion

MoneyLion is a financial technology company that offers a range of products and services aimed at helping individuals to better manage their finances.

Founded in 2013, the company has quickly grown to become one of the most prominent players in the fintech industry, serving over six million customers across the United States.

MoneyLion website
MoneyLion website

MoneyLion's success has been driven in part by its innovative approach to delivering financial services.

Unlike traditional banks and financial institutions, MoneyLion has focused on leveraging technology to provide customers with a more convenient, streamlined, and personalized experience.

In terms of its products and services, MoneyLion offers a comprehensive suite of tools aimed at helping customers better manage their finances.

These include a mobile banking platform, investment accounts, credit monitoring, and a personal finance management app.

One of the standout features of MoneyLion's services is the company's unique approach to lending.

By leveraging data analytics and machine learning algorithms, MoneyLion is able to offer customized lending solutions that can help customers better manage their debt and improve their overall financial health.

MoneyLion's products and services are available across the United States, with the company's headquarters located in New York City.

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.

More Relevant Articles

Claim Offer
Icon Rounded Closed - BRIX Templates