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Is it possible to use a Vanguard account for buying and selling cryptocurrencies?

avatarHenderson ElgaardJan 14, 2022 · 3 years ago3 answers

Can I use my Vanguard account to trade cryptocurrencies? I'm already a Vanguard customer and I'm wondering if I can use their platform to buy and sell digital currencies like Bitcoin and Ethereum. Is Vanguard compatible with cryptocurrency exchanges?

Is it possible to use a Vanguard account for buying and selling cryptocurrencies?
Vanguard
Cryptocurrency
Trading

3 answers

  • avatarJan 14, 2022 · 3 years ago
    Unfortunately, Vanguard does not currently support direct trading of cryptocurrencies. Their platform is primarily focused on traditional investment products such as stocks, bonds, and mutual funds. If you're interested in trading cryptocurrencies, you'll need to use a dedicated cryptocurrency exchange.
  • avatarJan 14, 2022 · 3 years ago
    No, you can't use your Vanguard account to buy or sell cryptocurrencies. Vanguard is a traditional investment firm and does not offer cryptocurrency trading services. You'll need to open an account with a cryptocurrency exchange to trade digital currencies.
  • avatarJan 14, 2022 · 3 years ago
    While Vanguard doesn't directly support cryptocurrency trading, you can still invest in cryptocurrencies indirectly through certain investment vehicles. For example, you can invest in Grayscale's Bitcoin Trust (GBTC) through your Vanguard account. GBTC is a publicly traded trust that holds Bitcoin, allowing you to gain exposure to the cryptocurrency market without directly owning the coins.

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