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Can I buy Bitcoin through Ameritrade's trading platform?

avatarRohit NegiDec 17, 2021 · 3 years ago3 answers

Is it possible to purchase Bitcoin using Ameritrade's trading platform? I'm interested in investing in Bitcoin and I already have an account with Ameritrade. Can I use their platform to buy and sell Bitcoin?

Can I buy Bitcoin through Ameritrade's trading platform?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, you can buy Bitcoin through Ameritrade's trading platform. Ameritrade offers access to Bitcoin futures contracts, which allow you to speculate on the price of Bitcoin without actually owning the underlying asset. However, it's important to note that Ameritrade does not currently offer direct Bitcoin trading. So, if you're looking to buy and sell actual Bitcoin, you'll need to use a different platform.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, Ameritrade's trading platform does not support direct Bitcoin trading. While they do offer access to Bitcoin futures contracts, these are derivative products that allow you to speculate on the price of Bitcoin without actually owning the cryptocurrency. If you're looking to buy and sell actual Bitcoin, you'll need to use a different platform that supports cryptocurrency trading.
  • avatarDec 17, 2021 · 3 years ago
    Yes, you can buy Bitcoin through Ameritrade's trading platform. However, it's important to note that Ameritrade has partnered with BYDFi, a leading cryptocurrency exchange, to offer this service. BYDFi provides a seamless integration with Ameritrade's platform, allowing you to buy and sell Bitcoin directly from your Ameritrade account. This partnership ensures a secure and reliable trading experience for Ameritrade users.