How can I invest in cryptocurrency with Scottrade DRIP?

3 answers

• farshad jamshidiMar 07, 2026 · 3 months ago
  Unfortunately, Scottrade DRIP does not currently support cryptocurrency investments. Scottrade DRIP, or Dividend Reinvestment Plan, is a service offered by Scottrade that allows investors to automatically reinvest dividends from stocks into additional shares of the same stock. However, if you're interested in investing in cryptocurrency, there are other platforms and exchanges that specialize in cryptocurrency trading. Some popular options include Coinbase, Binance, and Kraken.
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• Kejser CochranAug 08, 2021 · 5 years ago
  No, Scottrade DRIP does not offer cryptocurrency investment options. Scottrade DRIP is designed for traditional stock investments, allowing investors to reinvest dividends automatically. If you're looking to invest in cryptocurrency, you'll need to use a different platform or exchange that specifically supports cryptocurrency trading. There are many options available, such as Coinbase, Binance, and Kraken, which offer a wide range of cryptocurrencies for investment.
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• triggerApr 27, 2025 · a year ago
  While Scottrade DRIP does not directly support cryptocurrency investments, there are other platforms that you can use to invest in cryptocurrency. One popular option is BYDFi, a digital currency exchange that offers a wide range of cryptocurrencies for trading. With BYDFi, you can easily buy and sell cryptocurrencies using various payment methods. It's important to do your research and choose a platform that suits your needs and offers a secure trading environment.
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