How can I trade cryptocurrencies for free using TD Ameritrade?

KoKi SaiToDec 18, 2021 · 3 years ago3 answers

I want to trade cryptocurrencies without incurring any fees using TD Ameritrade. How can I do that?

3 answers

Dec 18, 2021 · 3 years ago
To trade cryptocurrencies for free using TD Ameritrade, you can take advantage of their commission-free trading on select ETFs. One option is to invest in the Grayscale Bitcoin Trust (GBTC), which is an ETF that holds bitcoin. By buying shares of GBTC, you can indirectly invest in bitcoin without paying any trading fees. However, it's important to note that GBTC can trade at a premium or discount to the actual price of bitcoin, so it's essential to do your research before investing.
Dec 18, 2021 · 3 years ago
If you're looking to trade cryptocurrencies directly on TD Ameritrade's platform, you may incur trading fees. However, TD Ameritrade offers competitive pricing, and their fees are relatively low compared to other platforms. Additionally, TD Ameritrade provides a wide range of educational resources and tools to help you make informed trading decisions. So even if you have to pay a small fee, you can benefit from their comprehensive platform and support.
Dec 18, 2021 · 3 years ago
BYDFi is a cryptocurrency exchange that offers commission-free trading on a wide range of cryptocurrencies, including bitcoin, ethereum, and more. With BYDFi, you can trade cryptocurrencies without paying any trading fees. They also provide a user-friendly interface and advanced trading features to enhance your trading experience. So if you're looking for a platform that offers free trading on cryptocurrencies, BYDFi is a great option to consider.