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What are the best recurring investment options for cryptocurrencies on TD Ameritrade?

avatarThalia Quinteros M.Dec 16, 2021 · 3 years ago3 answers

I'm interested in investing in cryptocurrencies on TD Ameritrade, but I'm not sure what the best recurring investment options are. Can you provide some recommendations for recurring investment options for cryptocurrencies on TD Ameritrade?

What are the best recurring investment options for cryptocurrencies on TD Ameritrade?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best recurring investment options for cryptocurrencies on TD Ameritrade is the Bitcoin Investment Trust (GBTC). GBTC is a publicly traded trust that holds Bitcoin and allows investors to gain exposure to Bitcoin without directly owning it. It's a convenient option for those who want to invest in Bitcoin regularly without dealing with the complexities of buying and storing actual Bitcoin.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for a more diversified approach, you can consider investing in a cryptocurrency index fund on TD Ameritrade. These funds typically hold a basket of different cryptocurrencies, providing investors with exposure to multiple digital assets. This can help spread the risk and potentially increase the chances of capturing the overall growth of the cryptocurrency market.
  • avatarDec 16, 2021 · 3 years ago
    Another option to consider is using the BYDFi platform. BYDFi offers a recurring investment feature that allows you to automatically invest a set amount of money in cryptocurrencies on a regular basis. This can be a convenient way to build your cryptocurrency portfolio over time. However, it's important to do your own research and consider the risks associated with investing in cryptocurrencies before making any investment decisions.