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How can TD Ameritrade customers invest in cryptocurrencies?

avatarEla BougdarDec 16, 2021 · 3 years ago3 answers

What are the options for TD Ameritrade customers to invest in cryptocurrencies? How can they get started?

How can TD Ameritrade customers invest in cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    TD Ameritrade customers have several options to invest in cryptocurrencies. One option is to use the brokerage's affiliate, ErisX, which offers access to Bitcoin futures contracts. Customers can trade these contracts on the ErisX platform, which is integrated with TD Ameritrade. Another option is to invest in cryptocurrency-related stocks listed on major stock exchanges. TD Ameritrade provides access to these stocks through its trading platform. Additionally, customers can use external cryptocurrency exchanges to buy and sell cryptocurrencies directly. They can transfer funds from their TD Ameritrade account to the external exchange and start trading. It's important to note that TD Ameritrade does not directly offer cryptocurrency trading on its platform, but it provides avenues for customers to access the cryptocurrency market through its affiliates and external exchanges.
  • avatarDec 16, 2021 · 3 years ago
    If you're a TD Ameritrade customer looking to invest in cryptocurrencies, you have a few options. One option is to trade Bitcoin futures contracts through ErisX, which is affiliated with TD Ameritrade. These contracts allow you to speculate on the price of Bitcoin without actually owning the cryptocurrency. Another option is to invest in cryptocurrency-related stocks. TD Ameritrade provides access to these stocks through its trading platform, so you can easily buy and sell them. Lastly, you can use external cryptocurrency exchanges to directly buy and sell cryptocurrencies. Simply transfer funds from your TD Ameritrade account to the external exchange and start trading. Keep in mind that TD Ameritrade doesn't offer direct cryptocurrency trading, but it provides ways for you to access the cryptocurrency market.
  • avatarDec 16, 2021 · 3 years ago
    TD Ameritrade customers can invest in cryptocurrencies through various channels. One option is to use ErisX, a cryptocurrency exchange affiliated with TD Ameritrade. ErisX offers Bitcoin futures contracts that allow customers to speculate on the price of Bitcoin. Another option is to invest in cryptocurrency-related stocks listed on major stock exchanges. TD Ameritrade provides access to these stocks through its trading platform, making it easy for customers to buy and sell them. Additionally, customers can use external cryptocurrency exchanges to directly trade cryptocurrencies. They can transfer funds from their TD Ameritrade account to the external exchange and start trading. It's worth noting that TD Ameritrade doesn't offer cryptocurrency trading directly, but it provides avenues for customers to invest in cryptocurrencies through its affiliates and external exchanges.