How can I invest in cryptocurrency using TD Ameritrade mutual funds?

3 answers

• Jan 05, 2022 · 3 years ago
  Yes, it is possible to invest in cryptocurrency using TD Ameritrade mutual funds. TD Ameritrade offers access to Bitcoin futures trading through the CME Group, which allows investors to gain exposure to Bitcoin without directly owning it. To invest in Bitcoin futures, you would need to open a TD Ameritrade futures account and meet the eligibility requirements. Once you have a futures account, you can trade Bitcoin futures just like any other futures contract. It's important to note that Bitcoin futures trading involves a high level of risk and may not be suitable for all investors.
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• Jan 05, 2022 · 3 years ago
  Unfortunately, TD Ameritrade mutual funds do not directly invest in cryptocurrency. However, you can consider other options such as investing in cryptocurrency exchange-traded funds (ETFs) or purchasing cryptocurrency directly through a cryptocurrency exchange. It's important to do thorough research and understand the risks involved before investing in cryptocurrency.
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• Jan 05, 2022 · 3 years ago
  While TD Ameritrade mutual funds do not offer direct access to cryptocurrency, you can consider using a platform like BYDFi to invest in cryptocurrency. BYDFi is a digital asset exchange that allows users to trade a variety of cryptocurrencies. To get started, you would need to create an account on BYDFi and complete the necessary verification process. Once your account is set up, you can deposit funds and start trading cryptocurrencies. Keep in mind that cryptocurrency investments are highly volatile and it's important to only invest what you can afford to lose.
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