SoFi Blog

Tips and news—
for your financial moves.

SoFi Introduces Crypto Trading With SoFi Invest

Earlier today, we announced that we’ve added crypto trading to our fast-growing SoFi Invest platform, as a response to demand from you! SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.

You can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. And rest assured, we secure all crypto holdings from fraud and theft.

“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”

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What is Bitcoin & How Does It Work?

To understand Bitcoin, there are a few other definitions to clarify first, including that of digital currency .

This type of currency does not have a physical form, so it can’t be seen or touched, but theoretically, it can be used in the same ways as traditional money, including buying and selling goods and services. Digital currency can be used around the globe, as long as parties accept this type of payment, being exchanged among digital wallets.

Cryptocurrency is a type of digital currency, one that’s based on cryptography, using complex mathematical principles to create and analyze algorithms. Bitcoin is the most widely recognized form of cryptocurrency, but it isn’t the only option.

Bitcoin uses blockchain technology and a decentralized ledger to operate. In hypothetical terms, blockchain technology is like a spreadsheet duplicated across networks of computers with the technology creating the ability for people to regularly update the spreadsheet with transactions.

Records are public and easily verified, creating a sense of openness. Bitcoin has no primary regulating authority—and no centralized version of its record exists. Regulators are increasingly getting involved, but the regulatory structure is currently nowhere near the same degree as those imposed on securities or banking products.

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Great Cities to Visit in the Fall

Summertime gets a lot of the travel glory. But when it comes to stellar travel times, fall is a bit of a hidden gem.

From high-spirited harvest festivals to flamboyant foliage, there’s all manner of reasons to take a trip this autumn—and if you’re looking for some inspiration, you’re in luck.

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pregnant business woman

Preparing Your Career & Finances for a New Baby

Whether you’re just starting to think about getting pregnant, or you’re back at work after your second (or third!) baby, there’s no doubt about it: when it comes to family planning, there’s a lot to think about.

From what choices you should make in your career, to the changes you may need to make to your finances, you’ll want to do some research and start planning ahead as early as possible. There are no right or wrong answers to this whole parenting thing (seriously!)—there are only the best choices for you and your family.

Let’s start from the beginning: what should you prioritize when you’re first starting to think about welcoming a new addition to your life? Let’s break down some common questions about how bringing a baby into your life will impact both your finances and your career.

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8 Things to Buy at End-of-Summer Sales

Summers are short and can feel like they’ve ended before they’ve hardly begun. If you’re sorry to see the summer go, one way to keep your chin up can be buying next year’s summer stuff on sale this year. Yep, it might feel a bit illogical to buy cool summer stuff when the weather turns cool, but the retailers are looking to unload. That’s when you swoop in and triumph. Buy now, keep your money later. Once the weather heats up again, you’ll be good to go.

Think of it this way: Retailers want to get it out the door, and you want to save your hard-earned money. It could be a win-win situation for everyone. Retailers typically like to stay one step ahead in both fashion and season, so if you can work it like the models on the runway, you might be able to buy next summer’s wardrobe in September when the end-of-season deals beckon.

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