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Is it possible to convert the assets in a TD Ameritrade account into digital currencies?

avatarBoje BrantleyDec 16, 2021 · 3 years ago3 answers

I have assets in my TD Ameritrade account and I'm interested in investing in digital currencies. Can I convert the assets in my TD Ameritrade account into digital currencies?

Is it possible to convert the assets in a TD Ameritrade account into digital currencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to convert the assets in your TD Ameritrade account into digital currencies. TD Ameritrade offers a feature called 'Bitcoin Futures' which allows you to trade Bitcoin futures contracts. This means that you can indirectly invest in Bitcoin through your TD Ameritrade account. However, it's important to note that you won't be able to directly convert your assets into other digital currencies like Ethereum or Litecoin.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! You can convert the assets in your TD Ameritrade account into digital currencies. TD Ameritrade has partnered with a cryptocurrency exchange called ErisX to offer Bitcoin futures trading. This means that you can trade Bitcoin futures contracts and potentially profit from the price movements of Bitcoin. Keep in mind that this is different from directly owning and holding digital currencies in your TD Ameritrade account.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can convert the assets in your TD Ameritrade account into digital currencies. However, it's important to note that TD Ameritrade itself does not directly support the trading of digital currencies. Instead, you can transfer your assets from your TD Ameritrade account to a cryptocurrency exchange that supports the trading of digital currencies. Once your assets are in the cryptocurrency exchange, you can then convert them into digital currencies of your choice. One popular cryptocurrency exchange that you can consider is BYDFi, which offers a wide range of digital currencies for trading.