Unfortunately for investors and users of TD Ameritrade in the United States, there is now way to get direct exposure to spot Bitcoin, Ethereum or other cryptocurrencies through their trading platform.
However, TD Ameritrade does offer indirect ways for customers to get exposure to cryptocurrencies. These investment opportunities include:
Although the investment options above provide some exposure to crypto assets, this is not a recommended way to invest. This is because investors cannot withdraw the Bitcoin or Ethereum to their own storage or wallet, which means you ultimately do not "own" the asset.
If you are interested in buying cryptocurrency exposure via TD Ameritrade, you will be subject to trading fees on the platform. Fortunately, TD Ameritrade is completely commission-free meaning users do not pay any fees to trade on the platform.
One of the safest and most trusted alternatives to large brokerage firms like TD Ameritrade for cryptocurrency is undoubtedly eToro. Their cryptocurrency exchange is highly regulated in the United States and are a secure way to buy and sell over 30 different digital assets.
They are also one of the only exchanges to offer zero commissions on cryptocurrency trading. You can sign up here to safely get stated with the eToro crypto platform.
As mentioned above, there is no way to directly buy Ethereum and withdraw it to a personal wallet. You can invest in the Grayscale Ethereum Trust (ETHE), which does provide price exposure and is a somewhat effective way to invest.
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