How can I use Charles Schwab to invest in cryptocurrencies and reinvest dividends?

3 answers

• MotvizAug 29, 2021 · 4 years ago
  Sure, you can invest in cryptocurrencies using Charles Schwab. However, it's important to note that Charles Schwab does not directly offer cryptocurrency trading. You can invest indirectly by buying shares of Grayscale Bitcoin Trust (GBTC) or Grayscale Ethereum Trust (ETHE) through your Charles Schwab brokerage account. As for reinvesting dividends, you can set up a dividend reinvestment plan (DRIP) for the stocks or funds that pay dividends in your portfolio. This way, any dividends received will be automatically reinvested into more shares of the respective investment.
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• johnnie faganOct 01, 2022 · 3 years ago
  Absolutely! Charles Schwab doesn't have direct cryptocurrency trading, but you can invest in GBTC or ETHE, which are trusts that hold Bitcoin and Ethereum respectively. These trusts are traded on the stock market, so you can buy and sell them through your Charles Schwab account. To reinvest dividends, you can set up a DRIP for the GBTC or ETHE shares you own, so any dividends will be automatically used to buy more shares.
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• LarryOct 13, 2022 · 3 years ago
  Yes, you can invest in cryptocurrencies through Charles Schwab. Although Charles Schwab doesn't offer direct trading, you can buy shares of GBTC or ETHE, which are publicly traded trusts that hold Bitcoin and Ethereum. These shares can be bought and sold through your Charles Schwab brokerage account. To reinvest dividends, you can set up a DRIP for the GBTC or ETHE shares you own, allowing you to automatically reinvest any dividends received.
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