Assets, Ethereum

Can I Buy Ethereum on Schwab?

Schwab is one of the largest financial services firms in the United States. They offer a full range of services including online stock and ETF trading, banking, and retirement planning.

One thing they do not offer, however, is the ability to buy Ethereum or any other cryptocurrency.

This may come as a surprise to some, as Schwab has been one of the more progressive firms when it comes to adopting new technology. They were one of the first to offer mobile trading and have been quick to add new features like fingerprint login and paperless account opening. So why no Ethereum?

NOTE: This warning note is to inform you that Ethereum cannot be purchased directly from Schwab. While Schwab does offer cryptocurrency investing, the only cryptocurrency currently available for purchase is Bitcoin. Investing in cryptocurrencies such as Ethereum carries a high level of risk and may not be suitable for all investors. Before making any decisions, please do your own research and speak to a financial advisor if necessary.

The answer likely has to do with regulation. Cryptocurrencies are still largely unregulated, and Schwab is probably not willing to take on the extra risk that comes with dealing in them. There’s also the question of custody.

With Ethereum or any other cryptocurrency, you are responsible for storing your own coins in a digital wallet. This is something that most people are not comfortable with, and it’s something that Schwab would likely not be able to do on their own.

So if you’re looking to buy Ethereum or any other cryptocurrency, you’ll need to look elsewhere. There are plenty of exchanges where you can buy coins, but just be aware that you’re taking on more risk by doing so.

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