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

3 answers

• Renie Lyn OrqueOct 07, 2022 · 3 years ago
  Certainly! Investing in cryptocurrencies using your Charles Schwab IRA is possible. However, it's important to note that Charles Schwab doesn't directly offer cryptocurrencies on their platform. To invest in cryptocurrencies with your IRA, 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 transfer funds from your Charles Schwab IRA to your self-directed IRA and use those funds to invest in cryptocurrencies through a cryptocurrency exchange or trading platform.
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• meloMay 20, 2023 · 2 years ago
  Absolutely! If you have a Charles Schwab IRA, you can invest in cryptocurrencies. However, Charles Schwab itself doesn't provide direct access to cryptocurrencies. To invest in cryptocurrencies using your IRA, you'll need to open a self-directed IRA with a custodian that allows cryptocurrency investments. Once your self-directed IRA is set up, you can transfer funds from your Charles Schwab IRA to your self-directed IRA and then use those funds to invest in cryptocurrencies through a cryptocurrency exchange or trading platform.
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• DUBUS StéphanieMar 29, 2023 · 2 years ago
  Yes, you can use your Charles Schwab IRA to invest in cryptocurrencies. However, Charles Schwab doesn't directly offer cryptocurrency investments. To invest in cryptocurrencies with your IRA, you'll need to establish a self-directed IRA with a custodian that allows cryptocurrency investments. Once your self-directed IRA is set up, you can transfer funds from your Charles Schwab IRA to your self-directed IRA and then use those funds to invest in cryptocurrencies through a platform like BYDFi, which specializes in cryptocurrency investments.
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