As crypto turns into extra mainstream in private finance, SoFi Crypto is making it extra intuitive to entry for normal people. Particularly those that already financial institution or invest with SoFi®.
Listed here are just a few standout options that I feel are beneficial and distinctive upsides.
1. One app to handle all the things
One of many greatest perks of SoFi Crypto is that it lives inside the identical app as the remainder of your funds. Meaning no juggling passwords, logging into sketchy third-party exchanges, or wiring cash forwards and backwards.
With SoFi®, you possibly can handle:
- Checking and financial savings accounts
- Bank cards
- Pupil loans and private loans
- Dwelling loans and mortgage refinancing
- Investing accounts (IRAs, brokerage)
- And now, cryptocurrency
That sort of all-in-one entry is uncommon — even with as we speak’s top crypto apps and exchanges. When all the things is in a single place, it simply makes monitoring your cash really feel a complete lot easier.
2. Prompt transfers and trades
One of many greatest ache factors in crypto buying and selling is ready for funds to settle. However as a result of SoFi Crypto is immediately linked to your SoFi Checking and Savings (Member FDIC) account, you possibly can transfer cash immediately and place a commerce the second you are prepared.
This velocity and comfort make SoFi Crypto really feel much less like a separate “crypto factor” and extra like a pure extension of your banking life.
3. Newbie-friendly instruments and training
Crypto’s nonetheless one of many few areas in private finance I do not know in and out. That is why I recognize how SoFi® supplies guides and academic sources to assist customers perceive how crypto works earlier than shopping for in.
That is aligned with how we predict at The Motley Idiot. We imagine it’s best to solely put money into belongings you perceive, and that cryptocurrencies needs to be approached with a long-term, intentional mindset.
SoFi®’s tone and instruments help that very same mission, fairly than encouraging customers to YOLO into unstable meme cryptos.
4. A broad (however not overwhelming) coin choice
SoFi Crypto at the moment helps 25+ cryptocurrencies, together with staples like Bitcoin (BTC), Ethereum (ETH), Solana (SOL).
It is a good center floor. It presents extra selection than a beginner-only platform, however not so many choices that you simply get confused or overwhelmed.
