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TD Ameritrade Bitcoin Crypto Currency Buying in 2021


TD Ameritrade crypto trading account fees. How to buy or sell BAT, NEO, Ripple, Stellar, Cardano, Dogecoin, Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC) crypto currencies on TD Ameritrade?



How to Trade Bitcoin at TD Ameritrade


If the rising price of Bitcoin has piqued your interest in cryptocurrencies, you may want to check out the resources TD Ameritrade offers. Here’s an overview:


Bitcoin Futures


One of the great resources TD Ameritrade offers is futures trading. Most securities brokers don’t offer this great service, but TD Ameritrade does. And because the Chicago Mercantile Exchange has added Bitcoin futures to its derivative lineup, TD Ameritrade customers can trade Bitcoin contracts.

After launching Bitcoin futures, the CME added options on Bitcoin contracts. These are another way to trade the digital currency. Because TD Ameritrade offers trading in options on futures, you won’t need a separate account.


Trading Bitcoin on thinkorswim


To submit orders for futures contracts at TD Ameritrade, you’ll need to use thinkorswim. This is the company’s desktop platform. It’s completely free to use, has no account minimums, and it even has a practice mode. This latter feature will allow you to try it out before risking real money. This is a good idea as the software does have a steep learning curve.

The contract symbol for Bitcoin is BTC. This is the root symbol that all contracts will have. After BTC, there will be a letter for the expiration month and a 2-digit code for the expiration year.


TD Ameritrade Buy Bitcoin


On the thinkorswim platform, click on the Trade tab and then select Futures Trader. Here, you’ll find dealing boxes for futures contracts. Just type in the contract you want to trade, and buy and sell buttons will appear.


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Other Ways to Trade Bitcoin


If you don’t want to trade futures contracts on Bitcoin or other cryptocurrencies, you could instead trade the digital assets themselves. Although TD Ameritrade does not offer trading directly in Bitcoin or other cryptocurrencies, Webull does.

In fact, Webull offers 5 digital currencies. They are Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and Litecoin. To get started, all you need is $1. That’s the broker’s minimum investment amount for cryptocurrencies.

Webull’s order ticket for cryptos has a quantity field, which can be toggled between coins and dollars. This is a great feature that allows you to specify either dollar amount or amount of coins. It could be a whole-dollar amount or whole-coin amount. Alternatively, you can specify a fraction of a coin or dollar. If you choose a dollar amount, Webull’s software will automatically estimate the number of coins and display the amount on the ticket.


How to buy bitcoin on Webull


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If you need to research coins before choosing one, Webull’s platform provides news articles on coins. Just type in a ticker symbol (like BTCUSD for Bitcoin). Once on the coin’s profile, scroll down to find the news articles. Webull displays thumbnails next to the articles, which makes browsing more user-friendly.

The news articles are really external links, which means you’ll get a new window with the external article. During our inquiry, we found articles from Bitcoin.com, Cryptoglobe.com, Coindesk.com, and other sites.

If you want to research cryptocurrencies other than the 4 that Webull offers, just enter their ticker symbols in the search field. When we entered XRP for Ripple, we got a chart with over a year of price data.

Although other cryptocurrencies besides the big 4 aren’t tradable at Webull, it is possible to create alerts for them. At the bottom of the screen on the mobile app is an alert icon. Tap on this to create an alert for any cryptocurrency that is displayed. We were able to create an alert for Ripple based on many criteria, including:

- Price above
- Price below
- Amount up (%)
- Amount down (%)

It’s also possible to save any cryptocurrency to a watchlist. Just tap on the star button on the mobile app to add a coin to a watchlist.

Besides Webull’s mobile app, it’s also possible to trade coins on the broker’s desktop program and browser platform. Learn more...


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