What are the fees associated with buying cryptocurrency through TD Ameritrade?

3 answers

• Dec 22, 2021 · 3 years ago
  When buying cryptocurrency through TD Ameritrade, you should be aware of the following fees: 1. Commission fees: TD Ameritrade charges a flat fee of $6.95 per online trade for stocks, ETFs, and options. However, cryptocurrency trades are commission-free. 2. Spread: TD Ameritrade may charge a spread on the bid-ask price of the cryptocurrency you are buying. This is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. The spread can vary depending on market conditions. 3. Network fees: Cryptocurrency transactions require network fees to be paid to miners who validate and process the transactions. These fees are not charged by TD Ameritrade but are inherent to the cryptocurrency network itself. The amount of network fees can vary depending on the cryptocurrency and network congestion. It's important to note that TD Ameritrade does not charge any additional fees specifically for cryptocurrency transactions. However, it's always a good idea to review the latest fee schedule on their website or contact their customer support for the most up-to-date information.
  1137569
• Dec 22, 2021 · 3 years ago
  Buying cryptocurrency through TD Ameritrade comes with certain fees. Here's what you need to know: 1. Commission fees: TD Ameritrade charges a flat fee of $6.95 per online trade for stocks, ETFs, and options. However, cryptocurrency trades are commission-free. This means that you won't have to pay any commission fees when buying cryptocurrency through TD Ameritrade. 2. Spread: TD Ameritrade may charge a spread on the bid-ask price of the cryptocurrency you are buying. The spread is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. The spread can vary depending on market conditions. 3. Network fees: Cryptocurrency transactions require network fees to be paid to miners who validate and process the transactions. These fees are not charged by TD Ameritrade but are inherent to the cryptocurrency network itself. The amount of network fees can vary depending on the cryptocurrency and network congestion. It's important to consider these fees when buying cryptocurrency through TD Ameritrade, but overall, the fees are relatively low compared to other platforms.
  1136379
• Dec 22, 2021 · 3 years ago
  When it comes to buying cryptocurrency through TD Ameritrade, you'll be pleased to know that there are no commission fees involved. That's right, you won't have to pay any extra fees for purchasing cryptocurrency on this platform. However, it's important to note that there may be a spread on the bid-ask price of the cryptocurrency you are buying. This spread is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Additionally, you'll need to consider network fees, which are required for cryptocurrency transactions. These fees are not charged by TD Ameritrade, but rather by the cryptocurrency network itself. The amount of network fees can vary depending on the cryptocurrency and network congestion. Overall, TD Ameritrade offers a relatively low-cost option for buying cryptocurrency, with no commission fees and competitive spreads.
  907227