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Are there any restrictions or limitations when buying crypto with Schwab?

avatarAlexa HernandezNov 25, 2021 · 3 years ago1 answers

What are the restrictions or limitations that I should be aware of when purchasing cryptocurrency with Schwab?

Are there any restrictions or limitations when buying crypto with Schwab?
Cryptocurrency
Schwab
Restrictions

1 answers

  • avatarNov 25, 2021 · 3 years ago
    Schwab does have some restrictions and limitations when it comes to buying cryptocurrency. Currently, they only offer access to Bitcoin through the Grayscale Bitcoin Trust (GBTC). This means that if you're interested in purchasing other cryptocurrencies like Ethereum or Ripple, you'll need to look for alternative platforms. Additionally, Schwab requires you to have a brokerage account in order to buy GBTC. This means that if you don't already have an account, you'll need to go through the account opening process before you can start buying cryptocurrency with Schwab.

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