Buy crypto and Bitcoin with TD Ameritrade

Can you buy crypto with TD Ameritrade? 

TD Ameritrade does not offer direct exposure to cryptocurrencies. This means that customers of Ameritrade can’t buy and sell cryptocurrencies like Bitcoin and Ethereum on its platform.  

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How to buy crypto with TD Ameritrade?

As it is not possible to buy crypto on the TD Ameritrade platform, we recommend using two alternative platforms instead. Our suggestion is to use Uphold and Etoro as they both offer a wide range of cryptocurrencies and lower trading fees. Both companies are also regulated in the United States by FinCEN and are safe to use. 

You can open a free account in minutes and have your funds transferred either instantly or within 1 business day. Once your funds have arrived you can select from 100s of cryptocurrencies to choose from. 

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How to easily sign up

1. Create Account: Signup and add your identity verification.‍
2. Deposit Funds: Via your TD Ameritrade account or credit card/debit card. 
3. Start Buying: Once your deposit has arrived in your account.

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Crypto on TD Ameritrade

In the section below we cover some additional questions about TD Ameritrade and cryptocurrencies which are commonly asked.

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1. Can you trade crypto on TD Ameritrade? 

It is not possible to trade cryptocurrencies with TD Ameritrade. At the time of writing, TD Ameritrade only offers indirect exposure to the cryptocurrency space in the form of OTC Trusts, Mutual Funds & ETFs and Bitcoin Futures. 

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2. TD Ameritrade crypto stocks 

Below are the investment vehicles that TD Ameritrade offers that provide investors with indirect exposure to crypto.

Crypto OTC Trusts

• GBTC
• ETHE
• BITW
• BCHG
• GDLC
• LTCN
• OBTC

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Ameritrade also offers exposure to Bitcoin and Ethereum futures via their Micro Bitcoin Futures and Micro Ether Futures. Finally, there is also the option of getting exposure via somewhat obscure mutual funds and ETFs that invest in Bitcoin futures contracts.

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3. Crypto on thinkorswim    

Thinkorswim on TD Ameritrade is an online tool to help traders make informed decisions by offering charting and technical analysis capabilities. Thinkorswim also offers customizable trading layouts and advanced order types. The trading services that are available on thinkorswim are the same as on the TD Ameritade platform. 

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4. TD Ameritrade to Coinbase

It is not possible to transfer funds from TD Ameritrade to Coinbase. 

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5. TD Ameritrade crypto fees

There are no crypto fees to speak of via Ameritrade as it’s not possible to buy cryptocurrencies via their platform. Ameritrade's fees for options, stocks, ETFs and futures are:  

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• Mutual funds: $49.99 commission fee
• Options: $0.65 per contract
• Stocks & ETFs: $0
• Bitcoin & Ethereum Future Fees: $2.25 per contract

6. TD Ameritrade app crypto 

There is no crypto app via TD Ameritrade. 

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What is TD Ameritrade?

TD Ameritrade was founded in 1971 as First Omaha Securities by Joe Ricketts. The company was renamed Ameritrade Clearing in 1983 and in 2006, the company merged with TD Waterhouse USA to form TD Ameritrade. 

Today, TD Ameritrade is one of the leading online brokers in the United States with an estimated 12 million registered users. The broker offers a wide range of investment products such as stocks, options, ETFs, futures, margin trading and mutual funds and more.

Some of the most popular stocks being traded on TD Ameritrade include Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOGL), and Facebook (FB).

Ameritrade has also developed Thinkorswim which provides traders with a powerful suite of tools for analyzing the financial markets, placing trades, and monitoring their positions. It offers features such as analytics, order entry, charting, watchlists, and more.