Can You Buy Crypto with Charles Schwab?

The digital asset revolution is here, and investors are eager to capture potential growth by incorporating cryptocurrencies like Bitcoin, Ethereum, and Solana into their portfolios. However, traditional financial institutions remain hesitant in their approach to integrating cryptocurrency trading into their platforms, and Charles Schwab is no exception. So, can you buy crypto with Charles Schwab? Let’s delve into this topic. 

Direct Crypto Purchases at Charles Schwab 

Currently, Charles Schwab doesn´t allow clients to directly purchase cryptocurrencies such as Bitcoin, Ethereum, or Solana through their brokerage accounts or retirement accounts (IRAs and 401ks). This means that investors looking to buy and directly hold these digital assets will need to look at alternative options.  

While you cannot directly buy cryptocurrencies through Charles Schwab, the firm offers alternative ways to gain exposure to the crypto market. One such method is through cryptocurrency-focused exchange-traded funds (ETFs) designed to track the crypto market.   

Investing in crypto directly vs. ETFs 

Deciding how to invest in crypto is a pivotal choice impacting your potential returns, risk tolerance, and investment strategy. Here’s a breakdown of your core options: 

• Direct Ownership: Direct ownership involves purchasing specific cryptocurrencies like Bitcoin or Ethereum on a cryptocurrency exchange or through a crypto IRA. This approach offers maximum control over your investments and the potential for substantial returns.   

• Investing Through ETFs: Cryptocurrency ETFs provide a more traditional investment approach. These funds pool money from investors to buy a basket of cryptocurrencies.   

While accessible through brokerage accounts like Charles Schwab, ETFs typically deliver lower potential returns than direct crypto investments and provide limited control over specific cryptocurrencies. Additionally, their trading restrictions tied to stock market hours can hinder capitalizing on the 24/7 crypto market. 

By carefully considering these factors and your investment goals, you can determine whether direct ownership or ETFs align best with your crypto financial strategy. 

How to access Bitcoin & other Cryptocurrencies 

If you want to invest in cryptocurrencies there are a few options: 

• Crypto IRAs: Crypto IRAs offer the same tax benefits as regular IRAs, but with the added flexibility to invest directly in the world of cryptocurrency. This could be a great way to boost your retirement savings while enjoying tax advantages. 

• Cryptocurrency Exchanges: Crypto exchanges are essentially digital marketplaces where you can buy, sell, and trade cryptocurrencies. They function similarly to traditional stock exchanges, but instead of stocks, you’re dealing with digital assets like Bitcoin, Ethereum, and countless others. 

• Crypto ETFs: As mentioned earlier, Crypto ETFs offer a traditional investment vehicle for those seeking exposure to the cryptocurrency market without direct ownership.  

How to access Bitcoin & Crypto in your IRA 

Crypto IRAs offer a unique opportunity to combine the tax advantages of traditional retirement accounts with the growth potential of digital assets. By investing directly in cryptocurrencies, you can take control of your financial future. 

BitcoinIRA¹ is a leading provider of self-directed IRAs dedicated to empowering investors like you. It´s platform offers the freedom to invest in Bitcoin and a wide range of cryptocurrencies within the tax-advantaged framework of an IRA. 

Why Choose BitcoinIRA?  

• Direct Ownership: Unlike Bitcoin ETFs, you directly own the underlying Bitcoin in your IRA.  

• Diversification: Invest beyond Bitcoin with a range of 60+ cryptocurrencies to potentially mitigate risk and align your portfolio with your investment goals.  

• Tax Advantages: Similar to regular IRAs, contributions to your BitcoinIRA may grow tax-deferred, potentially boosting your long-term returns. (Consult a tax advisor for specifics based on your IRA type).  

• User-Friendly Platform: The platform allows you to easily buy, sell, and manage your cryptocurrency holdings.  

• World-Class Custody: Your retirement account is held by Digital Trust®, which is a leader in alternative digital asset custody. Proprietary integrations with Digital Trust® enable proper custody of your assets.   

• Up To $250 Million Custody Insurance² Protection: Digital assets under custody are insured for up to $250 million.  

• 24/7 Self-Trading Platform: Buy and sell digital assets 24/7 in real-time with your IRA. 

Conclusion 

While Charles Schwab currently doesn’t provide direct access to buying and holding cryptocurrencies, it does offer exposure through cryptocurrency ETFs. However, for those desiring direct control over their crypto assets, crypto IRAs offer the unique advantage of combining direct cryptocurrency ownership with the tax benefits of traditional retirement accounts by providing a platform to buy, sell, and trade a wide range of digital currencies.  

Ready to future-proof your retirement savings? Open a Crypto IRA with BitcoinIRA today and start investing directly in Bitcoin and 60+ cryptocurrencies for a more diversified and potentially rewarding retirement portfolio. Here’s how:   

• Open an account here 

• Contact their top-rated customer support team via:   

• • Phone: 866-570-1947  

• • Email: [email protected]    

• • Scheduling a call with a specialist.  

1. Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. The information provided in this article is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. 
2. Security, storage, wallet providers, and insurance may vary based on asset chosen and custody solution available.