Is it possible to trade digital currencies on Ameritrade and how to sell them?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, you can trade digital currencies on Ameritrade. Ameritrade offers a platform called thinkorswim where you can trade Bitcoin futures contracts. However, it's important to note that Ameritrade does not currently offer direct trading of cryptocurrencies like Bitcoin and Ethereum. So, if you want to trade digital currencies on Ameritrade, you'll need to trade Bitcoin futures contracts instead. As for selling your digital currencies on Ameritrade, you can sell your Bitcoin futures contracts on the platform when you want to exit your position.
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• Dec 28, 2021 · 3 years ago
  Absolutely! Ameritrade allows you to trade Bitcoin futures contracts on their platform. While you can't directly trade cryptocurrencies like Bitcoin and Ethereum, trading Bitcoin futures contracts can still give you exposure to the price movements of these digital currencies. To sell your digital currencies on Ameritrade, you can simply close your Bitcoin futures contracts when you want to sell. It's a convenient way to participate in the digital currency market without the need to hold the actual cryptocurrencies.
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• Dec 28, 2021 · 3 years ago
  Yes, you can trade digital currencies on Ameritrade, but not in the way you might think. Ameritrade offers Bitcoin futures contracts, which allow you to speculate on the price of Bitcoin without actually owning the cryptocurrency. You can trade these contracts on the thinkorswim platform. As for selling your digital currencies on Ameritrade, you can close your Bitcoin futures contracts when you want to sell. However, if you're looking to trade actual cryptocurrencies like Bitcoin and Ethereum, you'll need to use a different platform like BYDFi, which offers direct trading of digital currencies.
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