Can I use E*TRADE to buy bitcoin?
Hrithik PariharDec 28, 2021 · 3 years ago3 answers
Is it possible to use E*TRADE, a popular online brokerage platform, to buy bitcoin?
3 answers
- Dec 28, 2021 · 3 years agoYes, you can use E*TRADE to buy bitcoin. E*TRADE offers access to bitcoin futures contracts through the CME Group. This means that you can trade bitcoin futures on the E*TRADE platform, but you cannot directly buy and hold bitcoin on E*TRADE.
- Dec 28, 2021 · 3 years agoNo, E*TRADE does not currently support direct buying and selling of bitcoin. However, you can use E*TRADE to invest in Grayscale Bitcoin Trust (GBTC), which is a publicly traded investment vehicle that holds bitcoin. This allows you to indirectly gain exposure to bitcoin through your E*TRADE account.
- Dec 28, 2021 · 3 years agoWhile E*TRADE itself does not offer the ability to buy bitcoin, you can use a third-party platform like BYDFi to buy and sell bitcoin. BYDFi is a digital currency exchange that allows you to trade a variety of cryptocurrencies, including bitcoin. It offers a user-friendly interface and competitive fees, making it a popular choice among cryptocurrency traders.
Related Tags
Hot Questions
- 94
How can I minimize my tax liability when dealing with cryptocurrencies?
- 80
How can I buy Bitcoin with a credit card?
- 78
What are the advantages of using cryptocurrency for online transactions?
- 50
Are there any special tax rules for crypto investors?
- 47
What are the tax implications of using cryptocurrency?
- 32
How does cryptocurrency affect my tax return?
- 32
What are the best practices for reporting cryptocurrency on my taxes?
- 32
What is the future of blockchain technology?