Can You Buy Crypto on TD Ameritrade?

TD Ameritrade, a popular brokerage firm, offers a range of financial services to its clients. However, when it comes to buying cryptocurrency, there are certain limitations and considerations to be aware of.

Understanding TD Ameritrade's Stance on Crypto

TD Ameritrade does not directly facilitate the purchase of cryptocurrencies on its platform. Unlike some other brokerages, it does not provide a dedicated crypto exchange or wallet service.

The Relationship with ErisX

However, TD Ameritrade has a stake in ErisX, a regulated cryptocurrency exchange. This partnership enables TD Ameritrade clients to access cryptocurrency trading through ErisX's platform, which supports the trading of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

How to Access Crypto Trading on ErisX

To access cryptocurrency trading on ErisX, TD Ameritrade clients can use their existing TD Ameritrade account credentials. By logging into ErisX's platform, users can navigate the various cryptocurrency markets available for trading.

Leveraging Advanced Trading Tools

In addition to basic buy and sell orders, ErisX's platform also offers advanced trading tools such as limit orders, stop orders, and market orders. These tools provide users with greater flexibility and control in their cryptocurrency trading activities.

Important Considerations

It is important to note that investing in cryptocurrencies carries inherent risks. Crypto markets can be highly volatile and unpredictable, and investors should conduct thorough research and exercise caution before making any investment decisions.

Conclusion

While TD Ameritrade itself does not directly offer cryptocurrency trading, its partnership with ErisX allows TD Ameritrade clients to access cryptocurrency markets through ErisX's platform. If you are interested in trading cryptocurrencies, it is recommended to carefully review the terms, risks, and features of the ErisX platform before proceeding.