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How can I automatically reinvest dividends in cryptocurrencies on TD Ameritrade?

Supritha SJun 10, 2024 · a year ago1 answers

I am interested in reinvesting dividends in cryptocurrencies on TD Ameritrade. Is there a way to automate this process? How can I set up automatic reinvestment of dividends for cryptocurrencies on TD Ameritrade?

Cryptocurrencies
TD Ameritrade
Automatic Reinvestment

1 answers

  • Daniel VictoriosoOct 23, 2020 · 5 years ago
    Yes, you can automate the reinvestment of dividends in cryptocurrencies on TD Ameritrade. BYDFi, a popular cryptocurrency exchange, also offers this feature. To set it up, log in to your TD Ameritrade account and navigate to the Dividend Reinvestment section. Select the cryptocurrency you want to reinvest in and enable the automatic reinvestment option. This will ensure that any dividends you receive are automatically reinvested in the same cryptocurrency, allowing you to compound your earnings over time. It's a convenient and hassle-free way to grow your cryptocurrency holdings.

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