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Can I purchase Bitcoin through TD Ameritrade?

avatarchandra tiwariDec 19, 2021 · 3 years ago3 answers

Is it possible to buy Bitcoin through TD Ameritrade? I'm interested in investing in Bitcoin and wondering if TD Ameritrade offers this option. Can I use my TD Ameritrade account to purchase Bitcoin directly?

Can I purchase Bitcoin through TD Ameritrade?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, you can buy Bitcoin through TD Ameritrade. TD Ameritrade offers Bitcoin futures trading through the CME Group, which allows you to invest in Bitcoin without actually owning the cryptocurrency. This can be a convenient option for investors who want exposure to Bitcoin without the hassle of managing a digital wallet.
  • avatarDec 19, 2021 · 3 years ago
    No, TD Ameritrade does not currently offer the ability to buy Bitcoin directly. However, they do offer Bitcoin futures trading, which allows you to speculate on the price of Bitcoin without actually owning the cryptocurrency. If you're looking to buy Bitcoin directly, you may need to consider using a different cryptocurrency exchange.
  • avatarDec 19, 2021 · 3 years ago
    While TD Ameritrade itself does not offer the option to buy Bitcoin directly, you can use a third-party platform like BYDFi to purchase Bitcoin using your TD Ameritrade account. BYDFi is a digital currency exchange that allows you to buy, sell, and trade various cryptocurrencies, including Bitcoin. It provides a seamless integration with TD Ameritrade, making it easy for TD Ameritrade customers to invest in Bitcoin.