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Can I use TD Ameritrade to buy Bitcoin or other cryptocurrencies?

avatarSanders GuldagerDec 16, 2021 · 3 years ago3 answers

Is it possible to purchase Bitcoin or other cryptocurrencies through TD Ameritrade?

Can I use TD Ameritrade to buy Bitcoin or other cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, TD Ameritrade offers the ability to trade Bitcoin futures contracts. However, it does not currently support direct purchases of Bitcoin or other cryptocurrencies. You can trade Bitcoin futures through the CME Group's futures exchange, which TD Ameritrade provides access to. This allows you to speculate on the price of Bitcoin without actually owning the underlying asset. Keep in mind that trading futures involves a high level of risk and may not be suitable for all investors.
  • avatarDec 16, 2021 · 3 years ago
    No, TD Ameritrade does not allow direct purchases of Bitcoin or other cryptocurrencies. However, you can trade Bitcoin futures contracts through TD Ameritrade's platform. This allows you to speculate on the price of Bitcoin without actually owning the digital currency. It's important to note that trading futures involves a high level of risk and may not be suitable for everyone.
  • avatarDec 16, 2021 · 3 years ago
    While TD Ameritrade does not directly support the purchase of Bitcoin or other cryptocurrencies, there are alternative platforms that do. One such platform is BYDFi, a digital currency exchange that allows users to buy and sell a variety of cryptocurrencies, including Bitcoin. BYDFi offers a user-friendly interface and secure trading environment, making it a popular choice for cryptocurrency enthusiasts. However, it's important to do your own research and consider the risks before investing in cryptocurrencies.