Assets, Bitcoin

Can You Buy Bitcoin on TD Direct Investing?

Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified.

Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

NOTE: WARNING: TD Direct Investing does not offer the ability to buy or sell Bitcoin. Attempting to buy or sell Bitcoin on TD Direct Investing may lead to unexpected losses and could put your finances at risk. We advise against investing in Bitcoin through TD Direct Investing and recommend that you consult with a financial professional for further advice.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin can be purchased on exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard cash to credit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live.

TD Direct Investing does not currently offer the ability to trade or invest in Bitcoin directly. However, clients can use our Self-Directed Investing accounts to trade Bitcoin Futures contracts on the Chicago Mercantile Exchange (CME).

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