How does your Bitcoin service work?

Stanford FCU makes it easy to buy, sell and hold Bitcoin. You can open a Bitcoin account through Online Banking or the mobile app ( App Store | Google Play )—it’s safe, simple and painless. Thousands of Stanford FCU members bought or sold cryptocurrency last year. Whether you’re a crypto-fiend or crypto-curious we hope that the convenience of having your bank account and Bitcoin all in one place is a win for our members.

Please note that Bitcoin balances are not NCUA insured, and there are risks associated with Bitcoin trading as the value can fluctuate significantly.

Easy signup and immediate access for current members
Since we already know you, there is no tedious verification process. You’ll be able to buy and sell Bitcoin right away.

Clear account information
You’ll see your balance and transactions in both Bitcoin (BTC) and U.S. dollars. And we show you all transaction fees before you place a trade, so you’re never surprised with hidden fees.

Manage your Bitcoin account in Online Banking and the mobile app
You can view your balance and trade Bitcoin 24/7. Just log into Online Banking or the mobile app ( App Store | Google Play ) and choose Services > MORE OPTIONS > Crypto. Please note that if you already own Bitcoin, you cannot transfer it to this Bitcoin account.

Automatic documentation for tax time
You won’t have to request or track down anything. We’ll provide your transaction receipts and tax documents automatically.

Ironclad platform thanks to NYDIG
NYDIG utilizes cold storage for the safe keeping of Bitcoin, adhering to the highest security, regulatory, and operational standards.

You can learn more about Bitcoin through these short videos, or read the Federal Trade Commission’s article about cryptocurrency and scams:

Where did Bitcoin come from?
Why is Bitcoin valuable?
Why are people buying Bitcoin?
How is Bitcoin kept secure?


Bitcoin execution and custody services are provided by NYDIG Execution LLC (“NYDIG”). NYDIG is authorized by the New York State Department of Financial Services to engage in virtual currency business activity. To receive bitcoin services you must open an account with NYDIG in which your bitcoin will be held (the “NYDIG Account”). Please refer to NYDIG’s terms and conditions for more information, including application eligibility criteria. Bitcoin balances in your NYDIG Account are not insured by the National Credit Union Administration (NCUA), the Securities Investor Protection Corporation (SIPC), or any other public or private insurer. NYDIG does not make any recommendations regarding buying or selling bitcoin. There are risks associated with bitcoin trading.

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