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How crypto-friendly is Navy Fed?

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NoMoreE46
Community Leader
Senior Contributor

Re: How crypto-friendly is Navy Fed?

I am looking to put a tiny bit of money in crypto myself @Salahh .

Do I need to get  a cold wallet?

Message 11 of 14
Salahh
New Contributor

Re: How crypto-friendly is Navy Fed?

NFA but all one needs to start is Phantom wallet app and moonpay, and swap on jup.ag from the in-app broswer on Phantom

 

Then for perps trading I use Blofin/Bitunix as they're both non-kyc up to $1M 

 

I've loaded small amounts by sending to venmo debit before but nothing over $1k at a time so not sure exactly how to go about it (and not upset NFCU)

Message 12 of 14
FicoMike0
Senior Contributor

Re: How crypto-friendly is Navy Fed?

I don't really understand what's the issue here. If you move crypto through, say robinhood, then to navy they wouldn't know about the crypto transactions. On the other hand, if you want to link navy to something Scam Bankman Fraud was involved in, sure, they might cut you loose. 

Message 13 of 14
KatzNDawgs
Frequent Contributor

Re: How crypto-friendly is Navy Fed?


@Salahh wrote:

NFA but all one needs to start is Phantom wallet app and moonpay, and swap on jup.ag from the in-app broswer on Phantom

 

Then for perps trading I use Blofin/Bitunix as they're both non-kyc up to $1M 

 

I've loaded small amounts by sending to venmo debit before but nothing over $1k at a time so not sure exactly how to go about it (and not upset NFCU)


I would look into the terms of the NFCU account you want to move funds with. Not quite familiar with the above wallets/apps/sites/transactions you mentioned, but I would think as long as all is legal it shouldn't be too much of an issue. If any of it is in a legal gray-area...well then no, I probably would not make direct transactions with the account you would like to have good standing with.

Message 14 of 14
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