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Buy & Sell Bitcoin through Digital Banking.
OKCU has partnered with Bitcoin firm NYDIG* to make the Buy/Sell Bitcoin feature as easy and secure as possible. NYDIG is a leading technology and financial services company built for Bitcoin. Its ironclad platform adheres to the highest security, regulatory and operational standards.
Learn more about Digital Banking
NYDIG is a leading bitcoin financial services and technology platform, providing custody, execution and other bitcoin-related services dedicated to bitcoin. NYDIG was founded in 2017 and meets the industry’s highest regulatory, audit, and governance standards. Learn more about Digital Banking
Already a Member? Simply log into Digital Banking and click the Buy/Sell Bitcoin tab on the left side and follow the prompts and you'll be enrolled. Not a Member? Becoming an OKCU member is easy! You can become a member by simply opening a savings account. To learn more about membership eligibility, click here. To open an account, click here.
Currently, you are unable to transfer from other Cryptocurrency accounts.
Yes, you will be charged a 2% fee for each transaction.
No, Bitcoin and other Cryptocurrencies are similar to investments that take place in the stock market in that these investments can lose significant value.
Yes, you may have tax liability that results from sales of Bitcoin and you will receive tax documentation.
NYDIG's platform is built to the highest security, regulatory and operational standards.
Similar to the stock market, the price of Bitcoin is determined by supply and demand.
No. Each bitcoin is divisible by smaller units called satoshis. One bitcoin can be divided into 100,000,000 satoshis. You can buy as little as $0.01 or as much as the applicable purchase limits.
No, you are not able to recall/cancel a purchase once it's submitted. Additionally, a sale cannot be recalled/canceled.
Bitcoin is created by a competitive and decentralized process called mining, which is the process of creating new blocks and appending transactions in Bitcoin’s blockchain. New bitcoin issuance will stop completely when the number of bitcoins reaches a total of 21 million in existence.
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