Charles Schwab Bitcoin Crypto Currency Buying (2022)

Charles Schwab crypto investing account fees. How to buy or sell alt coins, BAT, NEO, Ripple, Stellar, Shiba Inu, Cardano, Dogecoin, Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC) crypto currencies on Charles Schwab?

Cryptocurrency Trading at Charles Schwab

If you’re interested in cryptocurrencies, there is one way you can tap into the digital currency market at Schwab: you can trade Bitcoin futures. In the second half of the article we will also talk about how to trade Bitcoin, Ethereum and other cryptocurrencies directly. Here’s how to get started with futures:

First, Open a Futures Account

Schwab doesn’t offer trading in actual cryptocurrencies. But it does provide trading in futures contracts. And the Chicago Mercantile Exchange has Bitcoin futures contracts. So with a Schwab brokerage account (that’s enabled for futures trading), you can trade Bitcoin contracts.

The CME recently added options on Bitcoin contracts; so you can now trade options on Bitcoin contracts with a Schwab futures account.

Cost of Trading Bitcoin on Schwab

Schwab charges $1.50 per contract on both the buy side and sell side for futures trades, including Bitcoin futures. There is no surcharge for placing a trade with a live agent. Options on futures have the same commission schedule.

Trading Bitcoin Futures at Schwab

If you decide that futures contracts are the way you want to trade the crypto market, you’ll need to use StreetSmart Central. This is Schwab’s browser platform. It’s launched from the website underneath the Trading Hub link. It’s also possible to trade futures on the StreetSmart mobile app.

Webull Crypto as an Alternative

If you don’t care for Schwab’s futures service, you could instead trade cryptocurrencies inside a crypto account. Several online brokers now offer this great service. Webull is one of them.

Webull is a zero-commission broker, which means crypto trades are completely free. Another advantage over Schwab is Webull’s larger selection of coins:

  • Algorand (ALGOUSD)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Dash (DASH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Dogecoin (DOGE)
  • Litecoin (LTC)
  • Stella Lumens (XLM)
  • Zcash (ZEC)

It’s possible to trade Bitcoin and other cryptos at Webull seven days a week. By contrast, the futures market is only open five days a week.

Yet another advantage of Webull’s Bitcoin trading service is that the broker only requires a $1 minimum investment in each currency trade. Futures trades will require much more than this amount. Learn more...

Webull Promotion

Open WeBull Account

Placing Bitcoin Trades on Webull’s Software

Webull provides Bitcoin trading on all three of its platforms: the mobile app, desktop program, and website. Trades can be placed either as market or limit orders. Quantity can be specified either in dollars or coins, and fractions can be used. Webull does not permit short positions on cryptocurrencies.

How to buy bitcoin on Webull

Bitcoin and other cryptocurrencies can be charted, and this makes it really easy to follow the price action in real-time. A quote box next to a chart displays the order book on a coin, including the midpoint between the bid and the ask. The chart displays the midpoint and is not an actual trade price.

A really nice feature on Webull’s computer platforms is the ability to create a drop-down menu on a chart with the click of a mouse. Available choices in this menu include adding a coin to a watchlist, creating an alert, and populating an order ticket.

Webull’s mobile app has profiles on digital currencies with ample information. Profiles have price tiles for other coins, and there are also news articles. These have thumbnails for easy browsing. And then there is horizontal charting with tools.

One feature the mobile app has that the other platforms don’t is a bulletin board where traders can post comments on the asset. It’s easy to comment on these posts and like or dislike one. For Bitcoin, we found a very active forum.

Learn more about Webull crypto currencies trading.

Webull Promotion

Open WeBull Account