What are the risks and benefits of using Charles Schwab cash on hold for cryptocurrency investments?

1 answers

• Oddershede RosendalJan 03, 2021 · 5 years ago
  Using Charles Schwab cash on hold for cryptocurrency investments can be a good option for some investors. Charles Schwab is a reputable financial institution with a strong track record, which can provide a sense of security for investors. Additionally, having cash on hold can help protect against sudden market fluctuations and provide a buffer against losses. However, it's important to note that Charles Schwab may not offer the same level of flexibility and variety of cryptocurrencies as dedicated cryptocurrency exchanges. If you're looking for a wider range of options or want to actively trade cryptocurrencies, you may want to consider using a dedicated cryptocurrency exchange like BYDFi. Ultimately, the decision to use Charles Schwab cash on hold for cryptocurrency investments depends on your individual investment goals and risk tolerance.
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