Buy Crypto & Bitcoin Safely With Affirm in Minutes

buy crypto affirm
Mike Harry
Feb 2024
3 min to read
Fact checked

Summary: If you are a customer of Affirm who would like to purchase cryptocurrencies such as Bitcoin, we recommend signing up with eToro. This platform is regulated, safe-to-use and licensed by FinCEN in the United States. It's also beginner-friendly and offers 1,000s of digital assets to invest in. Registration takes 2 minutes and you can then deposit USD in order to buy BTC, ETH, SOL, ATOM, DOGE and many other digital assets! 

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 Affirm?

Affirm does not have the necessary infrastructure to enable trading of cryptocurrencies like Bitcoin. Customers of Affirm who want to buy and sell cryptocurrencies have to use external and regulated exchanges.

Buy Bitcoin with Affirm and eToro
Buy Bitcoin with Affirm and eToro

We recommend using eToro because they are both regulated with a decade long track record of operating safely and securely.  

How to buy crypto with Affirm?

Those looking to buy cryptocurrencies with Affirm can do so by signing up and connecting their account to a regulated third-party exchange.

Once done, funds can be deposited through a bank transfer or a debit/credit card deposits.

Bank transfers are in most cases free of charge and take a few hours to process. Card transfers are in most case instant but come with a small fee.

eToro is regulated by FinCEN in the United States and have been operating securely for over a decade.

This makes it a safe venue to invest in cryptocurrencies like Bitcoin, Ethereum, Solana, Cosmos, Polkadot and Cardano.

This is even more important these days as off-shore exchanges have proven themselves to be increasingly unreliable. 

How to sign up

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

Buy crypto with Affirm virtual card

Affirm account holders can buy cryptocurrencies by using their affirm virtual card. The virtual card is linked to the affirm account which can easily be connected to outside third-party exchanges for cryptocurrency purchases.

Buy crypto with Affirm virtual card
Buy crypto with Affirm virtual card

The Affirm virtual card is easy to use and accepted anywhere that accepts Visa or Mastercard.

Buy Bitcoin with Affirm digital card?

While Affirm Bank has previously blocked holders of its credit cards for making cryptocurrency purchases, that is no longer the case as most credit card issuers today treat crypto purchases as a cash advance.

Affirm cryptocurrency policy

Although Affirm does not have an official crypto policy, this doesn't necessarily restrict its customers from buying cryptocurrencies. Affirm cardholders can use their cards to send funds to third-party exchanges that allow cryptocurrency trading.

Is Affirm crypto-friendly?

Affirm is crypto-friendly, they recently announced their partnership with NYDIG to enable their customers to buy and sell Bitcoin.

Bitcoins can be purchased through the app or by having the monthly interest earned in the app automatically convert to Bitcoin. At the time of writing, Affirm Crypto is only available to randomly selected participants.

CEO Max Levchin had this to say about the partnership: 

“Crypto, the current volatility notwithstanding, has been one of the best-appreciating asset classes. It’s time for Affirm to support cryptocurrencies in a way that feels organic to us. We will soon leverage our savings accounts to seamlessly enable crypto ownership.”


Besides this newly announced partnership, Affirm like most other financial services companies, allow their customers to buy digital assets from external providers. Affirm account and card holders should however use regulated and licensed exchanges when buying cryptocurrencies.

This is best practise both to ensure that you can deposit funds without issues but also to ensure that your assets are stored with a trusted custodian. 

What is Affirm?

Affirm is a financial technology company founded in 2012 by serial entrepreneur and ex-PayPal employee Max Levchin.

Max launched Affirm to provide a more flexible and transparent approach to borrowing money. Affirm has raised a total of $1.5 billion in venture capital and is estimated to have over 10 million customers. 

Affirm Website
Affirm Website

The company offers customers a simple way to finance large purchases over time while building their credit scores. It has developed a range of products designed to make the payment process faster and cheaper.

This is done by breaking down the cost of purchase into smaller, easier-to-manage payments. With Affirm, customers can easily apply and get approved for financing in a few clicks to pay for their purchase over time.

The company also offers a virtual card which is a prepaid debit card designed to make it easier for customers to make purchases using their Affirm account. This MasterCard debit card provides a convenient way to pay for everyday purchases. 

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.

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