Is it possible to use TD Ameritrade to invest in cryptocurrency?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, you can use TD Ameritrade to invest in cryptocurrency. TD Ameritrade offers access to Bitcoin futures trading through the CME Group. This means that you can trade Bitcoin futures contracts on TD Ameritrade's platform. However, it's important to note that TD Ameritrade does not currently offer direct cryptocurrency trading. So, while you can speculate on the price of Bitcoin through futures contracts, you cannot buy or sell actual Bitcoin on TD Ameritrade.
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• Dec 18, 2021 · 3 years ago
  No, TD Ameritrade does not support direct cryptocurrency trading. However, you can still indirectly invest in cryptocurrency through TD Ameritrade by trading Bitcoin futures contracts. This allows you to speculate on the price of Bitcoin without actually owning the underlying asset. Keep in mind that trading futures contracts involves a higher level of risk and complexity compared to buying and holding cryptocurrencies directly.
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• Dec 18, 2021 · 3 years ago
  Yes, you can invest in cryptocurrency through TD Ameritrade. However, it's important to understand that TD Ameritrade only offers Bitcoin futures trading, which is different from buying and selling actual cryptocurrencies. With Bitcoin futures, you can speculate on the future price of Bitcoin without owning the underlying asset. This can be a good option for traders who want exposure to Bitcoin without the hassle of managing a digital wallet or dealing with the security risks associated with holding cryptocurrencies.
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