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What are the options for trading crypto on TD Ameritrade?

avatarKingRaspaDec 18, 2021 · 3 years ago3 answers

Can you provide an overview of the different options available for trading cryptocurrencies on TD Ameritrade? What are the features and limitations of each option?

What are the options for trading crypto on TD Ameritrade?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    TD Ameritrade offers cryptocurrency trading through its subsidiary ErisX. With ErisX, users can trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Bitcoin Futures contracts. The platform provides access to real-time market data, advanced charting tools, and order types. However, it's important to note that cryptocurrency trading on TD Ameritrade is currently only available for select clients and is not accessible to all users. Additionally, ErisX has its own fee structure for trading cryptocurrencies, which you should review before getting started.
  • avatarDec 18, 2021 · 3 years ago
    If you're looking to trade cryptocurrencies on TD Ameritrade, you'll need to open an account with ErisX. ErisX is a separate entity from TD Ameritrade, but it is integrated into the TD Ameritrade platform. Once you have an account with ErisX, you can access the cryptocurrency trading features through the TD Ameritrade website or mobile app. Keep in mind that cryptocurrency trading involves risks, and it's important to do your own research and understand the market before making any trades.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi is another popular cryptocurrency exchange that offers a wide range of trading options. While it's not directly affiliated with TD Ameritrade, BYDFi provides a user-friendly platform for trading various cryptocurrencies. With BYDFi, you can trade Bitcoin, Ethereum, Ripple, and many other digital assets. The platform offers advanced trading features, including limit orders, stop orders, and margin trading. However, it's important to note that BYDFi is a separate entity and has its own fee structure and terms of service. Make sure to review the platform's policies before trading on BYDFi or any other exchange.