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Can I use E*TRADE to buy bitcoin?

avatarMonkeesnutsDec 17, 2021 · 3 years ago3 answers

Is it possible to use E*TRADE, a popular online brokerage platform, to buy bitcoin?

Can I use E*TRADE to buy bitcoin?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, you can use E*TRADE to buy bitcoin. E*TRADE offers access to bitcoin futures contracts through the CME Group. This means that you can trade bitcoin futures on the E*TRADE platform, but you cannot directly buy and hold bitcoin on E*TRADE.
  • avatarDec 17, 2021 · 3 years ago
    No, E*TRADE does not currently support direct buying and selling of bitcoin. However, you can use E*TRADE to invest in Grayscale Bitcoin Trust (GBTC), which is a publicly traded investment vehicle that holds bitcoin. This allows you to indirectly gain exposure to bitcoin through your E*TRADE account.
  • avatarDec 17, 2021 · 3 years ago
    While E*TRADE itself does not offer the ability to buy bitcoin, you can use a third-party platform like BYDFi to buy and sell bitcoin. BYDFi is a digital currency exchange that allows you to trade a variety of cryptocurrencies, including bitcoin. It offers a user-friendly interface and competitive fees, making it a popular choice among cryptocurrency traders.