Vanguard Crypto Currency Trading (2021)

Vanguard crypto trading account fees. How to buy Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC) crypto currencies on Vanguard?

Cryptocurrency Trading at Vanguard

You cannot trade Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) or any other crypto currencies on Vanguard at this time. As an alternative, you can use a $0 commission broker called Webull that does offer crypto currencies trading.

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Is Vanguard Good for Beginner Investors?

Beginning investors who are new to the world of securities can find some helpful resources at Vanguard. However, the broker has some stiff competition from some of its rivals. Let's take a look at how Vanguard compares to them for newcomers.

Customer Service Availability

Customer service is one of the most important features a broker can offer investors who are trying to learn the ropes of the brokerage world. Vanguard has associates on the phone during the week starting at 8:00 am, EST. The customer service unit closes at 10:00 pm. Unfortunately, there are no weekend hours.

Vanguard has an international number for customers who are temporarily outside the U.S. The firm also has a messaging system where clients can contact a company associate via e-mail. It can be accessed after logging in. The Vanguard website does not have on-line chat, and the broker also does not have any brick-and-mortar locations.

Vanguard's customer service could be helpful to novices in some situations, but other brokerage houses have better offerings. TD Ameritrade, for example, offers 24/7 customer service over the phone. E*Trade's website has an on-line chat feature, and Schwab has over 300 branch locations.

Vanguard earns 2 stars out of 5 for customer service.

Mutual Funds and ETF's

Newbies usually start with ETF's and mutual funds before moving on to stocks. Vanguard clients have access to more than 16,000 mutual funds. A few thousand of these carry no load and no transaction fee. Vanguard manages its own group of 127 mutual funds. They are all no-load, no-transaction-fee products. They have expense ratios that range from 0.05% to 0.93%.

All US-listed ETF's are available at Vanguard, including 55 that are Vanguard securities. These exchange-traded funds also have low expense ratios, with the highest being 34 basis points. Because Vanguard mutual and exchange-traded funds are free to trade, they are ideal for new investors.

Vanguard's 16,000+ funds are the largest selection in the industry. Only TD Ameritrade comes close, offering 15,800 products. Fidelity offers slightly more than 11,000 funds. Schwab has the most commission-free ETF's at over 200, while Merrill Edge offers zero.

Vanguard receives 5 stars in this category.

Is Vanguard Good for Beginners?

Commissions and Account Requirements

Vanguard has a variable commission schedule. Larger accounts receive reduced fees. A standard account is one with less than $50,000 in assets, which is where most newbs would be. Here, stock and ETF trades are $7, but then increase to $20 after the first 25 trades in a year.

A $20 annual fee is charged to each brokerage account at Vanguard. The firm also charges $20 for each Vanguard mutual fund that has a balance below $10,000. Enrolling in electronic communications will waive these fees. Even better, all accounts with Vanguard have no minimum opening deposit requirement, no trading requirements, and no low-balance fees. These policies obviously are good for beginners.

Other firms have simple flat-fee pricing for stock and ETF trades. For example, Fidelity charges $0 for all accounts, while Merrill Edge traders pay $0. Having one flat fee would probably be less confusing to novices. Vanguard's account policies, however, are ideal for new traders. Other firms, including WellsTrade, have inactivity fees, low-balance fees, and other charges.

Vanguard earns 3½ stars here.


Vanguard's website is simple but usable. It can be difficult to navigate at times. Trades are entered on simple web pages, because the site does not have a trading ticket. Vanguard also does not have a desktop platform or paper trading. The website does display Vanguard's customer service number along with useful information about how to place a trade. Newbies might find this helpful.

A mobile app is available for Vanguard customers. It can be used to place trades and to contact customer service. There are some news articles, but no streaming video news.

OptionsHouse offers a free desktop platform along with paper trading, which would definitely benefit novice investors. Schwab's mobile app has free streaming of CNBC, which could help beginners learn more about finance.

Only 2 stars are awarded to Vanguard in this category.

Vanguard for Beginners

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Research & Education

Vanguard's website hosts important information on retirement planning and other financial topics, although the material can be a little difficult to find. There are also effective screeners for securities, and free stock reports are available from Argus and MarketGrader. There are only a few instructional videos on the broker's website.

Other firms have better research and educational materials. Fidelity and E*Trade, for instance, have more learning materials that would be of value to newcomers. These resources include not only articles, but also self-guided courses and videos.

Vanguard secures 2½ stars here.

Is Vanguard Good for Beginners - Result

Vanguard received a total of 15 stars in 5 categories. Its average for novice investors is 3 stars. While it does deliver some decent resources for beginners, it underperforms compared to TD Ameritrade or Ally Invest.