How To Buy Crypto & Bitcoin with TD Ameritrade! 🔥

buy crypto td ameritrade
Mike Harry
Feb 2024
5 min to read
Fact checked

Summary: TD Ameritrade clients who want to buy cryptocurrencies like Bitcoin have to use safe exchanges like eToro and Uphold. These exchanges are regulated in the United States by FinCEN and are perfect for beginners who want a simple way to buy and sell 100s of digital assets. Get started today by signing up (only takes a few minutes) and you can then deposit money via bank or credit/debit card transfer. Buying your favourite cryptocurrency has never been this safe and easy!

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.  

Buy Crypto with TD Ameritrade & eToro
Buy Crypto with TD Ameritrade & eToro

How to buy crypto with TD Ameritrade?

As it is not possible to buy crypto on the TD Ameritrade platform, we recommend using eToro as the best alternative platform.

eToro offers 1,000s of digital assets including stocks, ETFs, cryptocurrencies and much more.

The company is regulated in the United States by FinCEN which makes it a very safe venue to invest digital assets in.

You can open a free account in minutes and have your funds transferred for free via bank transfer or instantly with your credit card.

Once your funds have arrived you can select from 100s of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cosmos (ATOM) and many others.

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.
Buy Bitcoin with TD Ameritrade & eToro
Buy Bitcoin with TD Ameritrade & eToro

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. 

TD Ameritrade Bitcoin & Ethereum Futures
TD Ameritrade Bitcoin & Ethereum Futures

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

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.

Indirect crypto exposure with TD Ameritrade
Indirect crypto exposure with TD Ameritrade

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. 

TD Ameritrade to Coinbase

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

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:  

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

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. 

TD Ameritrade Website
TD Ameritrade Website

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.

TD Ameritrade Investment Products
TD Ameritrade Investment Products

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.

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

More Relevant Articles

Claim Offer
Icon Rounded Closed - BRIX Templates