Can You Buy Crypto on Schwab?

Can You Buy Crypto on Schwab? Charles Schwab has been a big name in the investing world for years. But can you buy crypto on their platform?

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Introduction

Charles Schwab is one of the biggest and most popular brokerages in the US. They offer a wide range of products and services, including online trading for stocks, bonds, and ETFs. But can you buy crypto on Schwab?

The answer is no. At this time, Charles Schwab does not offer any way to buy or trade cryptocurrencies. This may change in the future, but for now, Schwab customers will need to look elsewhere if they want to invest in Bitcoin, Ethereum, or any other digital currency.

What is Crypto?

Cryptocurrencies, also called “coins” or “tokens,” are virtual money. They’re digital assets that use cryptography – a type of security – to make sure they are secure and not easy to counterfeit. Transactions made with cryptocurrency are recorded on a digital ledger, called a blockchain. Bitcoin, which was created in 2009, was the first cryptocurrency. Today, there are more than 5,000 different cryptocurrencies with a total market value of over $1 trillion.

What is Schwab?

Schwab is a full-service investment firm which offers a wide range of investment services and products, including a robo-advisory service. Schwab does not currently offer cryptocurrency trading.

Can You Buy Crypto on Schwab?

Crypto buying on Schwab is currently not available. However, you can buy crypto on select other platforms. For a list of where you can buy crypto, please visit:

[Can You Buy Crypto on Schwab? – (Can You Buy Crypto on Schwab?)](https://www.schwab.com/resource-center/insights/trading-ideas/where-can-i-buy-cryptocurrency)

How to Buy Crypto on Schwab

Schwab does not currently offer cryptocurrency trading. However, you can use a Schwab brokerage account to trade Bitcoin futures on the Chicago Mercantile Exchange (CME).

To trade Bitcoin futures, you need to have a Schwab account that is approved for futures trading. Once you have an approved account, you can log in to the futures trading platform and select the contracts you want to trade. Bitcoin futures are available for trading on the CME exchange.

Conclusion

Investors looking to buy crypto on Schwab have a few options. They can purchase crypto directly through the Schwab mobile app, trade crypto-related CFDs through Schwab’s trading platform, or buy cryptocurrency funds that are available on some Schwab brokerage accounts.

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