Abstract: Systems and method for purchasing of and transferring of cryptocurrency without preexisting cryptocurrency wallets use a first server to receive from a user computing device, a user-selected amount of United States Dollars (USD) from to purchase an exchanged amount of cryptocurrency to transfer to a recipient. In response to receiving the desired amount of USD, the first server trades the received user-selected amount of USD from for a desired amount of a stablecoin at a second server and transfers the desired amount of stablecoin to an existing custodial wallet to be held for the benefit of the recipient at the second server.