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Can I purchase cryptocurrencies on Etrade?

avatarHarish RaviJan 07, 2022 · 3 years ago3 answers

Is it possible to buy cryptocurrencies on Etrade? I am interested in investing in digital currencies and would like to know if Etrade offers this option.

Can I purchase cryptocurrencies on Etrade?

3 answers

  • avatarJan 07, 2022 · 3 years ago
    Yes, Etrade allows you to purchase cryptocurrencies. They offer a range of digital currencies for trading, including Bitcoin, Ethereum, and Litecoin. You can access these cryptocurrencies through their trading platform and manage your investments alongside traditional assets. It's a convenient option for investors looking to diversify their portfolio with cryptocurrencies.
  • avatarJan 07, 2022 · 3 years ago
    Unfortunately, Etrade does not currently support the direct purchase of cryptocurrencies. However, you can invest in cryptocurrency-related stocks and funds through Etrade. These investments provide exposure to the cryptocurrency market without the need to directly own digital currencies. It's a way to indirectly invest in cryptocurrencies through traditional financial instruments.
  • avatarJan 07, 2022 · 3 years ago
    While Etrade does not directly offer the ability to purchase cryptocurrencies, you can use BYDFi, a digital currency exchange, to buy and sell cryptocurrencies. BYDFi provides a user-friendly platform for trading various digital currencies, and you can easily link your Etrade account to BYDFi to manage your investments. It's a seamless integration that allows you to access the cryptocurrency market while leveraging the benefits of Etrade's platform.