Charles Schwab does not yet offer its clients direct exposure to buy and sell cryptocurrencies like Bitcoin and Ethereum.
Instead, you can simply deposit funds to a FinCEN regulated cryptocurrency exchange like eToro that is safe and easy to use.
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Summary: You can’t buy Bitcoin or other cryptocurrencies directly from Charles Schwab. Instead, you can do a free USD bank deposit to a FinCEN-regulated cryptocurrency exchange. We suggest using eToro as it's a beginner friendly exchange that offers 1000s of digital assets including Bitcoin, Ethereum, Solana, Doge and many others. Signup takes minutes and you can then safely invest in your preferred cryptocurrencies.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Charles Schwab does not yet offer its clients direct exposure to buy and sell cryptocurrencies like Bitcoin and Ethereum.
Instead, you can simply deposit funds to a FinCEN regulated cryptocurrency exchange like eToro that is safe and easy to use.
The first step towards buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro.
For users with a Charles Schwab account, we recommend signing up to eToro due to their user-friendly interface and wide range of digital assets.
Signing up is quick, easy and free of charge. After successfully signing up, you can easily connect your bank account and initiate your first USD deposit.
Deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.
Once the funds have been deposited into your eToro account, you can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Solana, among others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Charles Schwab account or Credit Card/Debit Card.
3. Start Buying: Once your deposit has reached your account.
A common question tends to be if you can trade crypto with Charles Schwab. As of right now, clients of Charles Schwab have to use third-party exchanges to buy and sell cryptocurrencies.
Schwab currently provides the option to gain cryptocurrency exposure through their ETFs, Cryptocurrency Coin Trust and Bitcoin Futures.
Charles Schwab is very crypto-friendly. News recently came out that Charles Schwab, together with Fidelity and Citadel will launch their own cryptocurrency exchange called EDX Markets (EDXM). EDX Market's board of directors said:
"Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more. Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards."
Charles Schwab is the 7th largest banking institution in the United States with over $8.5 trillion in client assets.
It was founded in 1971 and is today headquartered in Westlake, Texas. They offer commercial banking, investment services and have over 360 branches in the US and UK.
Charles Schwab have over 29 million active brokerage accounts, 1.5 million banking accounts, and over 2 million corporate retirement plan participants. Two of Charles Schwabs biggest competitors are Goldman Sachs and Morgan Stanley.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
