Where innovation meets money, digital assets are expanding our financial universe. Embracing the future, we want you to have access to the frontier and still feel secure about your transactions. It's all becoming possible with Visions.
Buy and Sell Bitcoin
Fast, secure, and accessible only to members, our new Bitcoin purchase and sale feature is now available in digital banking.
All you'll need to do is log into our site using your laptop or the Visions FCU Mobile app, then click on "Buy and Sell Bitcoin." Once you're in, you'll find the tool easy to use: buy, sell, and track your coin's value 24/7.
Ready to get started?
Not enrolled in digital banking yet? The process is quick and easy.
If "blockchain" and "coin" are still a mystery to you, that's ok! Our Buy and Sell Bitcoin tool in Digital Banking also features helpful videos to answer those popular questions, like "What is it?" and "How does it work?"
Click here to read A Quick Intro to Crypto or watch the videos below for a brief introduction.
Buy and Sell Bitcoin is just the beginning!
More features, coins, and other digital assets are still in development, so stay tuned...
- What is Bitcoin?
Bitcoin is an open-source monetary system for storing and transmitting an asset of value and is the world’s largest and most recognized digital asset. Bitcoin is managed by its users and enables financial transactions on a peer-to-peer network basis. Transactions are verified, recorded, and secured on a public ledger called a “blockchain.”
- What Bitcoin capabilities will Visions Federal Credit Union offer?
Members will have the option to buy, sell, and hold Bitcoin through digital banking, view transactions and receipts.
- How secure is Bitcoin?
Bitcoin relies on previous innovations in computer science, such as digital signatures and cryptographic hashing, and combines them in a unique manner that is reinforced by economic incentives. Digital signatures provide strong control of assets, while cryptographic hashing and the economic incentives of mining assure that no one entity controls the network and that transactions between users are valid. These features give Bitcoin unprecedented security and transparency.
- Is Bitcoin federally insured?
No. The buying and selling of Bitcoin is not insured by the National Credit Union Share Insurance Fund (NCUSIF).
- How are the prices of Bitcoin determined for buy and sell orders?
The price is determined by the current market; Visions Federal Credit Union does not set or determine pricing.
- Can I use my Bitcoin purchased through digital banking to transact?
No. At this time, you will only be able to buy, sell, and hold Bitcoin.
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 applicable eligibility criteria. Bitcoin balances in your NYDIG Account are not insured by the National Credit Union Share Insurance Fund (NCUSIF), 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, including possible loss of value. Please see the Terms and Conditions located within the Bitcoin service of digital banking for further details.
Bitcoin is not an obligation of nor guaranteed by Visions Federal Credit Union. Bitcoin and cryptocurrencies are or may be heavily speculative and volatile, may have associated fees, may not allow member recourse, and are being offered by a third party. Bitcoin purchasing fees apply. Offered through Visions’ digital banking services only. Bitcoin purchases are not federally insured by NCUA.