If you’re wondering whether you can buy crypto on Etrade, the answer is yes! In this blog post, we’ll show you how to get started.
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You can’t buy crypto on Etrade. However, you can buy crypto on other online brokerages, such asTD Ameritrade, Charles Schwab, Fidelity Investments, and Interactive Brokers. These brokerages allow you to buy and sell cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
What is Etrade?
Etrade is an online discount stock brokerage that offers self-directed investors a wide array of investment products, including stocks, bonds, ETFs, mutual funds, options, and futures. Etrade also offers retirement services, cash management products, and banking.
While Etrade does not currently offer cryptocurrency trading, there are several ways that investors can still get exposure to the asset class through the platform. For example, investors can purchase shares of the Bitcoin Investment Trust (GBTC) through their Etrade brokerage account. GBTC is a publicly traded vehicle that invests in bitcoin and is managed by Grayscale Investments.
Additionally, Etrade offers access to futures contracts for both bitcoin and ethereum through its platform. Futures contracts are derivatives products that allow investors to bet on the direction of the underlying asset’s price without actually owning the asset itself. These products can be trade on both a long or short basis, giving traders a great deal of flexibility in how they approach the market.
Overall, though Etrade does not offer direct cryptocurrency trading at this time, there are still plenty of ways for investors to get exposure to the asset class through the platform.
What is Crypto?
Cryptocurrency is a digital or virtual asset designed to work as a media of exchange using cryptography to secure the transactions and to control the creation of new units of the currency. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since then, numerous other cryptocurrencies have been created. These are often called altcoins, as a contraction of Bitcoin alternative.
Can I buy Crypto on Etrade?
At this time, E*TRADE does not offer the ability to trade cryptocurrencies on our platform. We constantly evaluate the needs and interests of our clients, and we will offer new products and services as appropriate. Please continue to check our website for updates.
How to buy Crypto on Etrade
Etrade is one of the most popular online brokerages in the United States, with over six million customers and $65 billion in assets. The company offers a comprehensive set of investment products, including stocks, options, ETFs, mutual funds, and fixed-income securities.
Etrade does not currently offer cryptocurrency trading. However, the company’s website features a page that prominently displays Bitcoin and Ethereum prices. It is possible that Etrade may add cryptocurrency trading in the future. For now, however, investors who want to trade cryptocurrencies will need to use a different online broker or exchange.
Here are a few other online brokerages that do offer cryptocurrency trading:
Coinbase – Coinbase is one of the most popular cryptocurrency exchanges in the world. The company offers a wide variety of digital assets, including Bitcoin, Ethereum, Litecoin, and more. Coinbase allows customers to buy and sell cryptocurrencies using USD or EUR.
Kraken – Kraken is another major cryptocurrency exchange. The company offers a wide variety of digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Augur REP tokens, ICONOMI ICN tokens, Melon MLN tokens, and more. Kraken allows customers to buy and sell cryptocurrencies using USD or EUR.
Gemini – Gemini is a digital asset exchange founded by Tyler and Cameron Winklevoss. The company offers two dollar-pegged stablecoins: Gemini Dollar (GUSD) and Paxos Standard Token (PAX). Gemini also allows customers to trade Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), and Litecoin (LTC).
E*TRADE does not currently offer the ability to trade cryptocurrencies on its platform. However, the brokerage does offer access to bitcoin futures through the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME).