Cryptocurrency

At Southwest Financial, our goal is always to to provide a better banking experience for our members. That means offering safe, secure and convenient financial solutions that help you improve your financial wellbeing.

We are proud to partner with BankSocial to give our members access to a self-custody crypto exchange, which enables you to maintain total control over your digital assets.

Crypto FAQs

What is cryptocurrency?

Cryptocurrency is a type of digital money that exists online. It can be used to buy goods and services, send money, or invest, and it’s secured using advanced technology called blockchain.

How is it different from regular money?

Unlike cash or the money in your bank account, cryptocurrency isn’t issued or controlled by a government or central bank. Its value can change more quickly, and it’s used and stored digitally.

Are crypto and Bitcoin the same thing?

No. Bitcoin is one type of cryptocurrency, but there are thousands of others. Bitcoin is an option within the larger world of cryptocurrency.

Is crypto safe?

Cryptocurrency uses secure technology, but like any investment, it comes with risks. Prices can change, and it’s important to understand how crypto works before buying or selling. Using trusted platforms like BankSocial can protect your account and help keep your assets secure.

Download the BankSocial App 2.0 to get started.