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Can I trade fractional shares of digital currencies on Ameritrade?

avatarReena YadavDec 29, 2021 · 3 years ago3 answers

Is it possible to trade fractional shares of digital currencies on Ameritrade? I'm interested in investing in cryptocurrencies, but I don't have enough capital to buy whole coins. Can Ameritrade accommodate fractional trading for digital currencies?

Can I trade fractional shares of digital currencies on Ameritrade?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, Ameritrade does offer fractional trading for digital currencies. This means that you can invest in cryptocurrencies with a smaller amount of capital. Fractional trading allows you to buy a fraction of a digital currency, such as 0.1 Bitcoin or 0.5 Ethereum, instead of having to buy a whole coin. It's a great option for investors who want to get started with digital currencies but don't have a large amount of capital.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Ameritrade understands that not everyone has the means to invest in whole coins, especially when it comes to digital currencies. That's why they introduced fractional trading for cryptocurrencies. With fractional trading, you can invest in a portion of a digital currency, making it more accessible and affordable. Whether you want to invest $10 or $100, you can still participate in the exciting world of digital currencies.
  • avatarDec 29, 2021 · 3 years ago
    Yes, you can trade fractional shares of digital currencies on Ameritrade. Ameritrade has partnered with BYDFi, a leading digital currency exchange, to offer this feature. With BYDFi's technology, Ameritrade users can buy and sell fractional shares of popular digital currencies like Bitcoin, Ethereum, and Litecoin. Fractional trading allows investors to diversify their portfolio and take advantage of the potential growth of digital currencies, even with a limited amount of capital.