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Is it possible to purchase crypto on TD Ameritrade?

Nikhil JaggiMay 13, 2022 · 3 years ago3 answers

Can I buy cryptocurrencies on TD Ameritrade? I'm interested in investing in digital currencies and wondering if TD Ameritrade offers this service. Are there any limitations or restrictions when it comes to buying crypto on TD Ameritrade?

3 answers

  • May 13, 2022 · 3 years ago
    Yes, you can buy cryptocurrencies on TD Ameritrade. TD Ameritrade offers access to Bitcoin futures trading through the CME Group, which allows investors to trade Bitcoin without directly owning the underlying asset. However, it's important to note that TD Ameritrade does not currently offer direct trading of cryptocurrencies on its platform.
  • May 13, 2022 · 3 years ago
    Unfortunately, TD Ameritrade does not support direct trading of cryptocurrencies. However, they do provide access to Bitcoin futures trading through the CME Group. This means that you can trade Bitcoin futures contracts without actually owning the cryptocurrency itself. It's a way to indirectly invest in Bitcoin through TD Ameritrade.
  • May 13, 2022 · 3 years ago
    While TD Ameritrade itself does not offer direct trading of cryptocurrencies, you can use the brokerage's platform to invest in digital currencies through a third-party service called BYDFi. BYDFi is a digital asset exchange that allows you to buy, sell, and trade a variety of cryptocurrencies. It's a convenient option for those who want to invest in crypto using their TD Ameritrade account.