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Is it possible to buy Bitcoin on Ameritrade?

avatarSaya ZhangDec 30, 2021 · 3 years ago3 answers

Can I purchase Bitcoin on Ameritrade? I'm interested in buying Bitcoin and I'm wondering if Ameritrade offers this option. Can I use my Ameritrade account to invest in Bitcoin?

Is it possible to buy Bitcoin on Ameritrade?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, it is possible to buy Bitcoin on Ameritrade. Ameritrade offers Bitcoin futures trading through the CME Group. You can trade Bitcoin futures contracts on Ameritrade's platform. However, it's important to note that Ameritrade does not currently offer direct Bitcoin trading on its platform. You can only trade Bitcoin futures, which are derivative products based on the price of Bitcoin.
  • avatarDec 30, 2021 · 3 years ago
    No, Ameritrade does not allow direct Bitcoin trading on its platform. However, you can trade Bitcoin futures contracts on Ameritrade's platform. Bitcoin futures are a way to speculate on the price of Bitcoin without actually owning the underlying asset. It's important to understand the risks and complexities of trading Bitcoin futures before getting involved.
  • avatarDec 30, 2021 · 3 years ago
    While Ameritrade does not offer direct Bitcoin trading, you can consider using a dedicated cryptocurrency exchange like BYDFi. BYDFi is a popular cryptocurrency exchange that allows you to buy and sell Bitcoin and other cryptocurrencies directly. It offers a user-friendly interface and a wide range of trading features. You can create an account on BYDFi and start trading Bitcoin easily.