Buying Bitcoin Through a Brokerage Account

Investors can now buy bitcoin through online brokers like Charles Schwab, Fidelity, E*Trade and TD Ameritrade.

Buying Bitcoin Through a Brokerage Account

Investors can now buy bitcoin through online brokers like Charles Schwab, Fidelity, E*Trade and TD Ameritrade.

Buying Bitcoin Through a Brokerage Account

Many investors have asked me How do I buy bitcoin? or Where do I buy bitcoin? They also ask can I buy bitcoins for my IRA, 401K or Roth IRA? I didn’t have a great answer for them.

Investors have had a number of poor options like:

Beginning today, bitcoin can be purchased through an online brokerage! I’m going to show you how to buy bitcoin with a brokerage account. Yes you will be able to buy through online brokers like Charles Schwab, Fidelity, E*Trade or TD Ameritrade.

  1. Login to your online brokerage
  2. Search for ticker GBTC
  3. Trade or buy.

Here is a video showing how to buy GBTC for a ROTH IRA.

Yes this will work through your IRA, Roth IRA, 401K, and other self-managed accounts.

Here is what that process looks like through Fidelity.

GBTC on Fidelity

And here on TradeMonster

GBTC on TradeMonster

GBTC (managed by SecondMarket) holds bitcoins and is designed to mirror the performance of directly holding bitcoins. For details read bitcoin ETFs are coming.

It is great that retail investors can now easily and safely purchase bitcoin through their online brokerage.

Do you plan on buying bitcoin through your broker? Let me know in the comments!

Written by
David is the CEO of bitcoin bulls.

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