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Is it possible to purchase Bitcoin on TD Ameritrade?

avatarFunch NewtonJan 16, 2022 · 3 years ago3 answers

Can I buy Bitcoin on TD Ameritrade? How does TD Ameritrade handle cryptocurrency transactions?

Is it possible to purchase Bitcoin on TD Ameritrade?

3 answers

  • avatarJan 16, 2022 · 3 years ago
    Yes, it is possible to purchase Bitcoin on TD Ameritrade. TD Ameritrade offers Bitcoin futures trading through the CME Group. This means that you can trade Bitcoin futures contracts on TD Ameritrade's platform. However, it's important to note that TD Ameritrade does not offer direct Bitcoin trading. You can only trade Bitcoin futures, which are derivative products based on the price of Bitcoin.
  • avatarJan 16, 2022 · 3 years ago
    No, TD Ameritrade does not currently offer direct Bitcoin trading. However, you can trade Bitcoin futures on TD Ameritrade's platform. Bitcoin futures are contracts that allow you to speculate on the price of Bitcoin without actually owning the underlying asset. If you're interested in trading Bitcoin, you may want to consider using a dedicated cryptocurrency exchange that offers direct trading of Bitcoin and other cryptocurrencies.
  • avatarJan 16, 2022 · 3 years ago
    While TD Ameritrade does not offer direct Bitcoin trading, you can trade Bitcoin futures on their platform. Bitcoin futures allow you to speculate on the price of Bitcoin without actually owning it. If you're looking for a platform that offers direct Bitcoin trading, you may want to consider using BYDFi. BYDFi is a cryptocurrency exchange that allows you to buy and sell Bitcoin and other cryptocurrencies directly. It offers a user-friendly interface and competitive fees for trading cryptocurrencies.