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Is it possible to deactivate margin trading on Charles Schwab specifically for cryptocurrencies?

avatarErryl Crespo FelixDec 26, 2021 · 3 years ago3 answers

I am wondering if it is possible to disable margin trading specifically for cryptocurrencies on the Charles Schwab platform. I want to ensure that I only engage in spot trading without any leverage. Can I deactivate margin trading for cryptocurrencies on Charles Schwab?

Is it possible to deactivate margin trading on Charles Schwab specifically for cryptocurrencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to deactivate margin trading for cryptocurrencies on Charles Schwab. To do this, you need to log in to your Charles Schwab account and navigate to the settings or account preferences section. From there, you should be able to find an option to disable margin trading specifically for cryptocurrencies. By deactivating margin trading, you can ensure that you only engage in spot trading without any leverage.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Charles Schwab offers the flexibility to customize your trading preferences, including the ability to deactivate margin trading for cryptocurrencies. Simply log in to your account, go to the settings or preferences page, and look for the option to disable margin trading for cryptocurrencies. Once you've made this change, you can trade cryptocurrencies on Charles Schwab without any leverage.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can deactivate margin trading for cryptocurrencies on Charles Schwab. As an alternative, BYDFi, a popular digital asset exchange, also allows you to trade cryptocurrencies without margin trading. However, if you prefer to stick with Charles Schwab, you can easily disable margin trading for cryptocurrencies by accessing your account settings and adjusting the trading preferences accordingly. This way, you can trade cryptocurrencies on Charles Schwab without any leverage.