Can I buy Crypto on the TradeStation Platform?
Yes, you can buy and sell 11 different cryptocurrencies on TradeStation. That said, the method in which you buy crypto on the TradeStation platform is through a CFD or 'Contract-for-Difference'. This is a contract that tracks the live price of the coin you are buying but is not the real underlying asset like Bitcoin or Ethereum.
This introduces some counterparty risk because you cannot withdraw the coins into your own personal wallet. It is also a relatively expensive way to trade cryptocurrencies, with fees starting at about 1% to trade crypto assets on TradeStation when you consider the trading fee and the spread.
.webp)
How to buy Crypto with a TradeStation Alternative?
The best alternative in the United States, Europe, and around the world to buy and sell crypto, stocks, ETFs, and more in one platform is eToro. They offer over 70 different coins to buy and sell, with no CFDs or contracts-for-difference.This means that when you buy a crypto asset on eToro, you own the real underlying coin. You can also withdraw your coins at any time into your personal wallet for free. There are no trading fees on eToro, only a spread that starts at 0.5%.
You can get started in minutes with this simple guide:
- Create an account: Sign up to the eToro platform and verify your identity.
- Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit USD, EUR, GBP, or AUD via Bank Transfer, Debit Card, Credit Card, PayPal, AMEX or Skrill.
- Find Crypto on eToro: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the amount you want to buy and execute your trade.
.webp)
TradeStation Crypto List
TradeStation crypto currently offers 11 different coins, which includes:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH
- Litecoin (LTC)
- AAVE (AAVE)
- Compound Finance (COMP)
- Chainlink (LINK)
- Polygon Network (MATIC
- Maker DAO (MKR)
- Shiba Inu (SHIB)
- USD Coin (USDC)
About TradeStation
TradeStation is an online broker that offers a powerful and customizable trading platform to its clients. It was founded in 1982 and has since then provided traders with access to the markets through its cutting-edge technology, competitive pricing, and excellent customer service. TradeStation has been consistently ranked as one of the best online brokers by Barron's and other financial publications.
.webp)
The platform is designed for active traders and offers real-time streaming quotes, advanced charting tools, market analysis, and more. The platform is available in both desktop and mobile versions. TradeStation also offers a variety of research tools, including a weekly market commentary, economic calendar, earnings reports, and more.
TradeStation is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). TradeStation Securities, Inc. is a licensed broker-dealer and a member of the NASDAQ Stock Market LLC (NASDAQ).