Summary: TradeStation does not offer services to buy cryptocurrency directly through its platform. However, it allows you to buy 11 crypto CFDs (contracts-for-difference), which does not give you ownership of the actual asset. Investors who want to purchase and hold a digital asset like Bitcoin must use a FinCEN-licensed digital asset exchange in the US.
Our team has assessed the top-performing crypto exchanges in the US and has determined that eToro is the best option for TradeStation users. It's the largest exchange in the country and offers free and instant USD deposits to trade a wide range of cryptocurrencies, such as Ethereum. It was founded in 2007 and is considered one of the most secure trading platforms worldwide.
- Fast and Free USD deposits from any US Bank account via Bank or ACH Transfer.
- Trade over 25 crypto assets with industry-leading fees and spreads.
- eToro USA LLC is registered and regulated with FinCEN.
Can I Buy Bitcoin on TradeStation?
Technically, you can trade crypto on TradeStation; however, you do not have custody of any digital asset, such as Bitcoin. The only way to purchase crypto is through a cryptocurrency platform in the United States. It's important to use a digital asset exchange regulated by FinCEN to ensure regulatory compliance and guarantee the security of the platform you’re using.
How to Buy Bitcoin or Crypto with TradeStation
The best way for TradeStation users to securely invest in crypto assets in the United States, Europe, and worldwide is through eToro. The exchange provides various options for TradeStation customers to deposit USD, including Bank Transfer, Debit Card, Credit Card, PayPal, ACH Transfer and more.
You can get started in minutes by following these steps:
- Registration: Sign up on the eToro platform and verify your identity.
- Deposit Funds: Select the 'Deposit Funds' button on your screen and transfer USD.
- Find Crypto: Go to the search bar, find the token you want, and tap ‘Trade’.
- Execute Your Trade: Input the amount you want to buy and click ‘Open Trade’.
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TradeStation Cryptocurrency Policy
TradeStation directly offers cryptocurrencies through its platform and is pro-crypto. Although it only provides access to CFDs, it has announced plans to add digital assets that users can hold and transfer to external wallets soon.
About TradeStation
TradeStation, an established online broker founded in 1982, provides clients with a robust and customizable trading platform. According to Barron's and other financial publications, it has gained recognition for its cutting-edge technology, competitive pricing, and exceptional customer service, consistently ranking among the top online brokers.
As a member of FINRA and SIPC, TradeStation ensures regulatory compliance and offers protection to its clients. TradeStation supports trading in stocks, options, futures, and cryptocurrencies and is celebrated for its highly customizable desktop platform, "TradeStation 10", as well as a user-friendly mobile app and web trading interface.
Final Thoughts
To sum up, TradeStation does not facilitate all cryptocurrency transactions on its platform. However, customers can invest in digital currencies by transferring funds to secure and regulated crypto trading platforms. For TradeStation customers, eToro is as the best digital asset exchange, offering free and instant deposits in USD to trade a wide range of tokens with low fees.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
