#54 of 115 in the US ranking · Broker / app
Schwab Crypto Review (October 2026): Fees, US States and Licenses
Best for: Existing Schwab brokerage clients
5.4/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee— Not verified
- US states49 of 51
- New YorkNo
- Coins2
- CustodyCustodial
- App Store4.8 ★ · 1.2M
Our verdict
Schwab Crypto is a spot Bitcoin and Ethereum service from Charles Schwab Premier Bank, SSB, priced at 0.75% of trade value with no spread. As of October 2026 Schwab's page lists it as coming soon with early-access sign-up, for brokerage clients in all states except New York and Louisiana. Whether coins can be moved to an external wallet is not stated.
Pros
- Flat 0.75% fee with zero spread
- Offered by a bank subsidiary of Charles Schwab
- Sits alongside Schwab crypto ETPs and futures
Cons
- Early access only as of October 2026
- Only Bitcoin and Ethereum
- Not available in New York or Louisiana
Schwab Crypto fees
- Maker / taker
- — Not verified
- Simple buy
- 0.75% of trade value, zero spread
- Volume tiers
- Flat 0.75% commission; no maker/taker schedule
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- — Not verified
- Crypto withdrawal
- — Not verified
- Minimum deposit
- — Not verified
Is Schwab Crypto available in my state?
As of Oct 5, 2026 schwab.com/crypto still describes Schwab Crypto as 'coming soon' with an early-access sign-up; no general availability was confirmed.
- AL available
- AK available
- AZ available
- AR available
- CA available
- CO available
- CT available
- DE available
- DC available
- FL available
- GA available
- HI available
- ID available
- IL available
- IN available
- IA available
- KS available
- KY available
- LA not available
- ME available
- MD available
- MA available
- MI available
- MN available
- MS available
- MO available
- MT available
- NE available
- NV available
- NH available
- NJ available
- NM available
- NY not available
- NC available
- ND available
- OH available
- OK available
- OR available
- PA available
- RI available
- SC available
- SD available
- TN available
- TX available
- UT available
- VT available
- VA available
- WA available
- WV available
- WI available
- WY available
Not available in US territories or internationally.
- New York
- No
- ID check (KYC)
- Yes
- Withdraw crypto
- — Not verified
- Funding
- — Not verified
Is Schwab Crypto regulated?
- Bank charter
- US operator
- Charles Schwab Premier Bank, SSB
- Parent company
- The Charles Schwab Corporation
- State licenses
- — Not verified
- New York license
- — Not verified
- Bank charter
- Offered by Charles Schwab Premier Bank, SSB (savings bank subsidiary)
- Founded
- 1971
- Headquarters
- Westlake, TX, USA
How secure is Schwab Crypto?
- Proof of reserves
- — Not verified
- Audits
- — Not verified
- Insurance
- Cryptocurrencies are not SIPC-protected and not FDIC-insured, per Schwab's disclosure
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on Schwab Crypto
- Spot
- Futures
- Stocks & ETFs
Spot BTC and ETH require a Schwab brokerage account plus an approved Schwab Crypto account; Schwab separately offers crypto ETPs and cryptocurrency futures (separate futures account).
- Apps
- Web, iOS
- Support
- — Not verified
Schwab Crypto FAQ
Is Schwab Crypto available in my state?
Schwab Crypto serves 49 of 51 jurisdictions (50 states and DC). Not available in New York, Louisiana.
Can New York residents use Schwab Crypto?
No. Schwab Crypto does not accept New York residents.
What are Schwab Crypto's fees?
Simple buy: 0.75% of trade value, zero spread.
Is Schwab Crypto regulated in the US?
US customers are served by Charles Schwab Premier Bank, SSB. Registrations and licenses on record: Bank charter.
Does Schwab Crypto require ID verification?
Yes. Schwab Crypto verifies your identity before you can trade.
How many cryptocurrencies can I trade on Schwab Crypto?
About 2 cryptocurrencies are available to US users, per Schwab Crypto's official asset list.
Alternatives to Schwab Crypto
Robinhood#2 · Commission-free crypto with transfers8.0
E*TRADE from Morgan Stanley#4 · Existing E*TRADE clients7.6
tastytrade#6 · Active multi-asset traders7.3
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.