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Can I use my Charles Schwab brokerage debit card to buy cryptocurrencies?

avatarKavya GuptaDec 28, 2021 · 3 years ago3 answers

I have a Charles Schwab brokerage debit card, and I'm wondering if I can use it to purchase cryptocurrencies. Is it possible to link my Charles Schwab debit card to a cryptocurrency exchange and buy digital currencies directly?

Can I use my Charles Schwab brokerage debit card to buy cryptocurrencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, Charles Schwab does not currently support direct purchases of cryptocurrencies with their brokerage debit card. However, there are alternative ways to buy cryptocurrencies using your Charles Schwab debit card. You can transfer funds from your Charles Schwab account to a cryptocurrency exchange that accepts bank transfers, and then use those funds to buy cryptocurrencies. Just make sure to check the exchange's policies and fees before proceeding.
  • avatarDec 28, 2021 · 3 years ago
    No, you cannot use your Charles Schwab brokerage debit card to directly buy cryptocurrencies. Charles Schwab has not integrated with any cryptocurrency exchanges to enable this functionality. However, you can still use your Charles Schwab debit card to fund your account on a cryptocurrency exchange by linking it to your bank account. This way, you can transfer funds from your Charles Schwab account to the exchange and then use those funds to buy cryptocurrencies.
  • avatarDec 28, 2021 · 3 years ago
    While Charles Schwab does not directly support the purchase of cryptocurrencies with their brokerage debit card, you can use a third-party platform like BYDFi to facilitate the process. BYDFi allows you to link your Charles Schwab debit card to their platform and buy cryptocurrencies seamlessly. Just make sure to review BYDFi's terms and conditions, as well as any associated fees, before proceeding with your purchase.