Cryptocurrency is a digital asset, intended to be a cash alternative, typically in the form of electronic tokens or “coins.” It can be used to buy goods or services, or used for investing, in the way you would a stock. Although some U.S. retailers currently accept it, cryptocurrency’s not yet a common payment method. To purchase it, you need a “wallet” – this is usually in the form of a digital currency app. Unlike physical cash, cryptocurrency isn’t issued by a central authority, like a government or bank. It’s managed, instead, by a decentralized, peer-to-peer network, using blockchain technology.
Investing in cryptocurrency with us.
Your choices with Ally Invest.
We don’t currently offer cryptocurrency spot trading. However, we do offer crypto-specific funds and stocks to indirectly expose your portfolio, no coins or wallet needed. Keep in mind, these aren’t recommendations and are still subject to volatility, annual fees and other individual costs.