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Can you buy Crypto with Charles Schwab?

Summary: Charles Schwab does not offer direct access for their clients to buy cryptocurrencies like Bitcoin and Ethereum. You can only get indirect access to Crypto ETFs, Stocks and Trusts which are expensive and inefficient.

David Cohen

Editor at Buy Bitcoin Finder
buy Bitcoin Charles Schwab

Can I buy Crypto on Charles Schwab?

Unfortunately for users of Charles Schwab in the United States, there is no way to directly buy or sell cryptocurrencies like Bitcoin or Ethereum through their app or with your 401k.

However, you can get indirect exposure to cryptocurrencies through certain investment vehicles that are available on their platform. Some examples of these include:

  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Litecoin Trust (LTCN)

With that said, we would not recommend investors invest in these indirect trusts because it does not give you real ownership over digital assets. This means that you cannot withdraw the cryptocurrencies into your personal and secure storage.

What are Alternatives to Charles Schwab?

The best and safest way to access Bitcoin and cryptocurrencies as a US investors is through the world's most trusted trading platform Coinbase.

Their cryptocurrency exchange allows investors to deposit US Dollars instantly, and they allow you to withdraw the crypto you buy from the platform.

If you sign up with this link, you will get $10 free on your first $100 trade.

Charles Schwab Fees

One of the strengths of the Charles Schwab platform is the fact that trading is completely commission free. This means that you will pay $0 in fees if you invest in one of the Grayscale Cryptocurrency Trusts.

Charles Schwab fees for Crypto
Image taken from the Schwab Pricing page

Can I buy Dogecoin on Charles Schwab?

Unfortunately Grayscale does not offer any Dogecoin related trusts for users of the platform. However, Coinbase does enable US investors to buy, sell and trade altcoins like Dogecoin or Shiba Inu.

Visit Coinbase