How to Buy Stocks with Crypto

How to Buy Stocks with Crypto

If you're the kind of investor that prefers to maintain a diversified portfolio of shares that includes both cryptocurrencies and conventional stocks, rebalancing your portfolio is currently a total hassle. Assume your stocks have performed exceptionally well and you want to transfer a portion of the profit to cryptocurrency. There are some procedural considerations that must be observed. To begin, you must sell the stocks from your brokerage account, which will incur a brokerage charge. Once the proceeds of the transaction are deposited in your bank account, you'll need to move them to a fiat-to-crypto exchange. If that is completed, you can actually purchase bitcoin, but you would almost certainly pay additional costs for this transaction as well.