This guide explains how to open and fund a Crypto account on M1, what cryptocurrencies are available, how trading works, unique features and risks of crypto investing, and important details about fees, custody, and tax reporting.
Crypto investing on M1
M1 lets clients invest in cryptocurrencies through secure, commission-free trading, and manage their digital assets alongside other investments. Crypto accounts are offered in partnership with Bakkt Crypto Solutions, a regulated crypto custodian. Cryptocurrency investing involves unique opportunities and risks—review details below before you begin.
How to open a Crypto Account
Open the Invest tab in your M1 app or web dashboard.
Select Add an account.
Choose Crypto Account.
Confirm your selection and agree to the terms.
Your Crypto Account will appear in your dashboard alongside other accounts.
Note: You must have a funded M1 investment account before you can add a Crypto Account.
Funding your Crypto account
Make sure your external bank is connected in M1.
Go to the Move Money section on your Home Screen.
Select your Crypto Account as the destination.
Enter your deposit amount and complete the transfer.
Note: Transfers usually complete by the next business day
What cryptocurrencies can I invest in at M1?
M1 offers access to a regularly updated list of major cryptocurrencies. Available coins include:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
How does Crypto trading work on M1?
On-Demand Trade Windows: In addition to M1’s scheduled trade windows, crypto trades can be executed on-demand, typically 24/7.
Commission-Free: Crypto trades incur no commission, but there may be a spread between buy and sell prices.
Available Assets: Only cryptocurrencies supported by M1 and Bakkt can be traded.
Unique Crypto Pies: You can build and edit a Crypto Pie, but cannot add cryptocurrencies to standard stock or ETF Pies.
Custody: All crypto assets are held in your Bakkt Crypto Solutions Account for secure custody.
Note: There is a maintenance period every day from 5:25 – 6:10 ET where on-demand trading will be blocked. Once the maintenance period concludes, on-demand trading access will resume in your account.
Fees, pricing, and spreads
Trades: All crypto trades are commission-free.
Other Fees: Standard platform and transfer fees may apply.
Note: Bakkt Crypto Solutions is assessing 1% or 100 basis points fee to all crypto transactions on purchases and sales, reflected in the execution price. See the M1 Fee Schedule for a full list.
How are crypto assets held?
Custody Provider: M1 partners with Bakkt Crypto Solutions, a regulated crypto custodian.
No Personal Wallets: You do not get a private wallet—crypto cannot be received from external wallets.
Account Separation: Your Crypto Account is separate from your other investment or retirement accounts.
Risks of cryptocurrency investing
High Volatility: Crypto prices can swing dramatically in short periods.
Regulatory Uncertainty: Crypto markets are subject to evolving regulations.
Limited Recourse: Lost or stolen assets may not be recoverable.
No SIPC Insurance: Crypto assets are not covered by SIPC insurance.
Frequently Asked Questions
Is a Crypto Account free?
There are no account opening or ongoing maintenance fees for Crypto Accounts.
Bakkt assesses a 1% or 100 basis points fee to all crypto transactions on purchases and sales, reflected in the execution price. See the M1 Fee Schedule for a full list.
Can I combine stocks and crypto in the same Pie?
No. Crypto and stocks/ETFs must be in separate Pies and accounts.
Can I send or receive cryptocurrencies to an external wallet from M1?
Cryptocurrency cannot be received into M1 from an external wallet.
If you wish to transfer your crypto assets to another wallet, you must reach out to Bakkt Crypto Solutions directly. You can reach them at [email protected] or 1-800-322-1719.
Please note that crypto transfers result in a $150 fee charged by Bakkt. You can also sell your crypto positions and withdraw cash to a linked bank account at any time.
See the M1 Fee Schedule for a full list.
How do I research crypto assets?
Use the M1 Research tab for in-depth information on all available cryptocurrencies.
How do I track performance for my Crypto Pie?
Crypto Pie performance is shown on your Crypto Account dashboard and calculated using the same methodology as for equities.
Have further questions? Visit the Help Center or reach out to M1 Client Success.
Investing in cryptocurrency comes with significant risk and may not be suitable for everyone. Based on your specific situation and financial condition, carefully consider whether investing in cryptocurrencies is suitable for you. For relevant disclosures and risks, visit Crypto Disclosures.
Crypto services, execution, and custody are provided by Bakkt Crypto Solutions LLC (NMLS ID 1828849) through a software licensing agreement with M1 Digital LLC. Bakkt Crypto Solutions LLC and M1 Digital LLC are not registered broker-dealers or FINRA members and your crypto holdings are not securities and are not FDIC or SIPC insured.
M1 Digital LLC is a wholly separate affiliate of M1 Finance LLC, and neither are involved with the execution or custody of cryptocurrencies.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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