What are the best cash alternatives for purchasing cryptocurrencies on TD Ameritrade?

6 answers

• Dec 17, 2021 · 3 years ago
  One of the best cash alternatives for purchasing cryptocurrencies on TD Ameritrade is to use a debit card. By linking your debit card to your TD Ameritrade account, you can easily fund your trading account with cash and use it to buy cryptocurrencies. This option provides a convenient and secure way to make purchases without the need for a credit card or bank account.
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• Dec 17, 2021 · 3 years ago
  Another cash alternative for purchasing cryptocurrencies on TD Ameritrade is to use a prepaid card. Prepaid cards can be loaded with cash and used to make purchases online. By linking your prepaid card to your TD Ameritrade account, you can fund your trading account and buy cryptocurrencies. Just make sure to check if your prepaid card is accepted by TD Ameritrade before using it.
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• Dec 17, 2021 · 3 years ago
  If you're looking for a third-party solution, you can use BYDFi. BYDFi is a digital asset exchange that allows you to buy cryptocurrencies using cash. Simply create an account on BYDFi, deposit cash into your account, and then transfer the funds to your TD Ameritrade account to buy cryptocurrencies. This option provides an additional layer of security and flexibility for purchasing cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  Cash alternatives for purchasing cryptocurrencies on TD Ameritrade also include using payment platforms like PayPal or Venmo. By linking your PayPal or Venmo account to your TD Ameritrade account, you can transfer cash and use it to buy cryptocurrencies. These platforms offer convenience and ease of use, making it a popular choice for many users.
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• Dec 17, 2021 · 3 years ago
  If you prefer a more anonymous option, you can consider using a peer-to-peer trading platform like LocalBitcoins. LocalBitcoins allows you to find sellers in your area who are willing to accept cash payments for cryptocurrencies. Once you find a seller, you can meet in person and complete the transaction using cash. Just make sure to exercise caution and follow safety guidelines when using peer-to-peer platforms.
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• Dec 17, 2021 · 3 years ago
  One final cash alternative for purchasing cryptocurrencies on TD Ameritrade is to use a cryptocurrency ATM. These ATMs allow you to deposit cash and receive cryptocurrencies in your TD Ameritrade account. Simply find a cryptocurrency ATM near you, follow the instructions on the screen, and complete the transaction using cash. Keep in mind that cryptocurrency ATMs may have higher fees compared to other cash alternatives.
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