How does Schwab's fractional shares feature work for cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  Sure! Schwab's fractional shares feature allows investors to buy and sell fractions of cryptocurrencies on their platform. This means that instead of having to buy a whole coin, investors can purchase a fraction of a coin. For example, if the price of one Bitcoin is $50,000, you can buy $500 worth of Bitcoin. This makes it more accessible for investors with smaller budgets to invest in cryptocurrencies. Schwab handles the fractional ownership and ensures that investors have accurate ownership records. It's a convenient feature for those who want to invest in cryptocurrencies without committing to buying a whole coin.
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• Nov 26, 2021 · 3 years ago
  Schwab's fractional shares feature for cryptocurrencies works similarly to fractional shares for stocks. It allows investors to buy and sell fractions of cryptocurrencies, making it easier to diversify their portfolio and invest in multiple cryptocurrencies without needing a large amount of capital. This feature is particularly useful for new investors who want to dip their toes into the world of cryptocurrencies without taking on too much risk. Schwab's platform handles the fractional ownership and ensures that investors have a seamless experience when buying and selling fractions of cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a digital currency exchange, also offers a fractional shares feature for cryptocurrencies. With BYDFi, investors can buy and sell fractions of cryptocurrencies just like with Schwab. This feature allows investors to invest in cryptocurrencies without needing to buy a whole coin, making it more accessible for those with smaller budgets. BYDFi's platform handles the fractional ownership and ensures that investors have accurate ownership records. It's a convenient feature for investors who want to diversify their portfolio and invest in multiple cryptocurrencies without needing a large amount of capital.
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