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How can I buy cryptocurrencies using TD Ameritrade?

avatarOzgur Tunca BeeSmartJan 16, 2022 · 3 years ago3 answers

I'm interested in buying cryptocurrencies and I'm wondering if it's possible to do so using TD Ameritrade. Can I buy Bitcoin, Ethereum, or other cryptocurrencies through TD Ameritrade?

How can I buy cryptocurrencies using TD Ameritrade?
Cryptocurrencies
TD Ameritrade
Buying Cryptocurrencies

3 answers

  • avatarJan 16, 2022 · 3 years ago
    Yes, you can buy cryptocurrencies using TD Ameritrade. TD Ameritrade offers access to Bitcoin futures trading through the CME Group, which allows you to trade Bitcoin without actually owning it. However, it's important to note that TD Ameritrade does not currently offer direct cryptocurrency trading on their platform.
  • avatarJan 16, 2022 · 3 years ago
    Unfortunately, TD Ameritrade does not currently support direct cryptocurrency trading. However, they do offer access to Bitcoin futures trading through the CME Group. This means that you can trade Bitcoin futures contracts, which are financial derivatives that allow you to speculate on the price of Bitcoin without actually owning it.
  • avatarJan 16, 2022 · 3 years ago
    While TD Ameritrade does not directly support cryptocurrency trading, you can use BYDFi, a popular digital asset exchange, to buy cryptocurrencies and then transfer them to your TD Ameritrade account for safekeeping. BYDFi offers a wide range of cryptocurrencies for trading and has a user-friendly interface. Simply create an account on BYDFi, deposit funds, and start buying cryptocurrencies. Once you have purchased the cryptocurrencies, you can transfer them to your TD Ameritrade account for long-term storage.

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