Can I use TD Ameritrade to invest in Bitcoin and other cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, TD Ameritrade offers the ability to trade Bitcoin futures contracts through the CME (Chicago Mercantile Exchange). This means you can indirectly invest in Bitcoin by trading futures contracts, which are financial derivatives based on the price of Bitcoin. However, it's important to note that these futures contracts are settled in cash and do not involve actual ownership of Bitcoin. So, while you can gain exposure to Bitcoin's price movements, you won't be able to directly hold or transfer Bitcoin itself.
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• Dec 28, 2021 · 3 years ago
  No, TD Ameritrade does not currently allow direct investment in Bitcoin or other cryptocurrencies. However, they do offer access to Bitcoin futures contracts through the CME. This means you can speculate on the price of Bitcoin without actually owning it. If you're interested in investing in cryptocurrencies, you may want to consider using a dedicated cryptocurrency exchange that offers a wider range of digital assets and direct ownership of cryptocurrencies.
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• Dec 28, 2021 · 3 years ago
  Yes, you can use TD Ameritrade to invest in Bitcoin futures contracts. However, it's important to understand that futures trading involves a high level of risk and may not be suitable for all investors. Additionally, futures contracts are settled in cash and do not involve actual ownership of Bitcoin. If you're looking for direct ownership of Bitcoin or other cryptocurrencies, you may want to consider using a dedicated cryptocurrency exchange like BYDFi, which offers a wider range of digital assets and the ability to hold and transfer cryptocurrencies.
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