How can I use a Charles Schwab IRA rollover to invest in cryptocurrencies?

1 answers

• CodHAug 06, 2024 · a year ago
  Yes, it is possible to use a Charles Schwab IRA rollover to invest in cryptocurrencies. However, it's important to note that Charles Schwab itself does not offer direct cryptocurrency investments. To invest in cryptocurrencies using your Charles Schwab IRA rollover, you'll need to set up a self-directed IRA with a custodian that allows cryptocurrency investments. Once your self-directed IRA is set up, you can initiate a rollover from your Charles Schwab IRA to the self-directed IRA. After the rollover is complete, you can use the funds in your self-directed IRA to invest in cryptocurrencies through a cryptocurrency exchange or trading platform of your choice. Remember to do thorough research and consider the risks associated with cryptocurrency investments before making any decisions.
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