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What are the options for buying crypto on Schwab?

avatarpriya rawatDec 26, 2021 · 3 years ago3 answers

I would like to know what options are available for buying cryptocurrencies on Schwab. Can I directly purchase cryptocurrencies on Schwab's platform? Are there any limitations or requirements for buying crypto on Schwab?

What are the options for buying crypto on Schwab?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, as of now, Schwab does not offer direct purchasing of cryptocurrencies on their platform. They primarily focus on traditional investment products such as stocks, bonds, and mutual funds. However, there are alternative ways to invest in cryptocurrencies through Schwab indirectly. You can invest in Grayscale Bitcoin Trust (GBTC) or Grayscale Ethereum Trust (ETHE) which are available on Schwab's platform. These trusts hold cryptocurrencies and their shares can be bought and sold like stocks.
  • avatarDec 26, 2021 · 3 years ago
    Hey there! Schwab doesn't have a direct option for buying crypto, but don't worry, there are still ways to get in on the action. One way is to invest in Grayscale Bitcoin Trust (GBTC) or Grayscale Ethereum Trust (ETHE) through Schwab. These trusts hold cryptocurrencies and you can buy and sell their shares just like stocks. It's a convenient way to indirectly invest in crypto without dealing with wallets and exchanges.
  • avatarDec 26, 2021 · 3 years ago
    While Schwab itself doesn't offer direct crypto purchases, you can still gain exposure to cryptocurrencies through Schwab's platform. One popular option is to invest in Grayscale Bitcoin Trust (GBTC) or Grayscale Ethereum Trust (ETHE). These trusts hold cryptocurrencies and their shares can be traded on Schwab like any other stock. Keep in mind that investing in these trusts comes with its own risks and considerations, so make sure to do your research before diving in.