Is it possible to use my tdameritrade 401k to buy Bitcoin or other cryptocurrencies?

3 answers

• Nov 23, 2021 · 3 years ago
  Unfortunately, tdameritrade does not currently offer the option to invest in Bitcoin or other cryptocurrencies through their 401k accounts. The 401k accounts offered by tdameritrade are designed for traditional investments such as stocks, bonds, and mutual funds. If you're interested in investing in cryptocurrencies, you may need to consider alternative options such as opening a separate brokerage account with a platform that supports cryptocurrency trading.
  462231
• Nov 23, 2021 · 3 years ago
  Nope, you can't use your tdameritrade 401k to buy Bitcoin or other cryptocurrencies. tdameritrade's 401k accounts are limited to traditional investment options. If you want to invest in cryptocurrencies, you'll have to explore other avenues like opening a separate cryptocurrency trading account with a different platform.
  322108
• Nov 23, 2021 · 3 years ago
  While tdameritrade doesn't allow you to directly invest in Bitcoin or other cryptocurrencies through their 401k accounts, there are other options available. For example, you could consider rolling over your tdameritrade 401k into a self-directed IRA that allows for cryptocurrency investments. Platforms like BYDFi offer self-directed IRAs that allow you to invest in a wide range of cryptocurrencies, including Bitcoin.
  420105