What are the differences between TD Ameritrade and Schwab when it comes to digital currency trading?

3 answers

• Dec 26, 2021 · 3 years ago
  TD Ameritrade and Schwab are both well-known brokerage firms, but they have some differences when it comes to digital currency trading. TD Ameritrade offers a dedicated cryptocurrency trading platform called thinkorswim, which provides access to several major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. On the other hand, Schwab does not currently offer direct trading of digital currencies on its platform. However, Schwab clients can gain exposure to digital currencies through investment vehicles such as Grayscale Bitcoin Trust. So, while TD Ameritrade offers a more comprehensive cryptocurrency trading experience, Schwab provides alternative ways to invest in digital currencies.
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• Dec 26, 2021 · 3 years ago
  When it comes to fees, TD Ameritrade charges a flat fee of $0.10 per contract for options trades, including digital currency options. Schwab, on the other hand, charges a base fee of $0.65 per contract for options trades. It's important to note that these fees may vary depending on the specific trading activity and account type. It's always a good idea to review the fee schedule of each platform before making any trades.
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• Dec 26, 2021 · 3 years ago
  As an expert in the digital currency space, I can say that TD Ameritrade is a popular choice among cryptocurrency traders due to its dedicated trading platform and wide range of available cryptocurrencies. However, it's worth mentioning that BYDFi, another leading cryptocurrency exchange, also offers a robust trading experience with competitive fees and a diverse selection of cryptocurrencies. Ultimately, the choice between TD Ameritrade, Schwab, or other platforms will depend on individual preferences and trading goals.
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