Are there any restrictions or limitations when buying crypto with TD Ameritrade?

3 answers

• Dec 17, 2021 · 3 years ago
  When buying crypto with TD Ameritrade, there are a few restrictions and limitations to keep in mind. Firstly, TD Ameritrade currently only offers Bitcoin futures trading through the CME Group. This means that you can only trade Bitcoin futures contracts and not actual cryptocurrencies like Bitcoin or Ethereum. Additionally, TD Ameritrade requires you to have a minimum account balance of $25,000 to trade Bitcoin futures. Lastly, it's important to note that TD Ameritrade's cryptocurrency trading services are only available to clients who are eligible for futures trading.
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• Dec 17, 2021 · 3 years ago
  Yes, there are some restrictions and limitations when it comes to buying crypto with TD Ameritrade. One of the major limitations is that TD Ameritrade currently only offers Bitcoin futures trading. This means that you can't directly buy or sell cryptocurrencies like Bitcoin or Ethereum on their platform. Instead, you can only trade Bitcoin futures contracts. Another restriction is that you need to meet certain eligibility requirements to access TD Ameritrade's cryptocurrency trading services. This includes having a minimum account balance of $25,000 and being eligible for futures trading. So, if you're looking to buy actual cryptocurrencies, you might need to explore other platforms.
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• Dec 17, 2021 · 3 years ago
  While TD Ameritrade does offer cryptocurrency trading services, it's important to note that these services are limited to Bitcoin futures trading. This means that you can't directly buy or sell cryptocurrencies like Bitcoin or Ethereum on TD Ameritrade's platform. Instead, you can only trade Bitcoin futures contracts. It's also worth mentioning that TD Ameritrade requires a minimum account balance of $25,000 and eligibility for futures trading to access their cryptocurrency trading services. If you're specifically looking to buy and hold cryptocurrencies, you might want to consider other platforms that offer a wider range of cryptocurrencies and trading options.
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