How To Crypto

How to Trade Crypto on TradeStation? Quick Start Guide

Follow these steps, how to trade crypto on TradeStation

Add Money to Your Account:

Log In:

Arrange Your Trading Space:

Start Trading:

Keep an Eye on Your Trades:

As I mentioned above, how to trade crypto on TradeStation? So you need to know, that to kick off your crypto trading journey, you will need to sign up and get the green light for both a TradeStation Crypto account and a TradeStation Securities equities account.

Luckily, you can handle this in one smooth account-opening experience. Once your TradeStation Securities equities account is up and running, you can add some US dollars to it.

But wait, there is more! After your TradeStation Crypto account is good to go, you have the option to stash not only dollars but also Bitcoin, Bitcoin Cash, Ethereum, Litecoin, or USD Coin into it. It’s like setting up different pockets in your trading gear for both regular money and various cryptocurrencies.

So, keeping in mind all your needs here, I come up with a detailed guide about how to trade crypto on TradeStation?

Read More: Top 4 Best Crypto Trading Bots For 2024

Add Money to Your Account

Start by putting some cash into your account. This is like loading your wallet before going shopping.

  1. Go to the TradeStation Accounts page and scroll down to find the funding instructions specifically for equities accounts. You’ll likely see details on how to add funds to your account in that section.
  2. Choose the tab that corresponds to your preferred funding method: Smart Transfer, Wire Transfer, Check Deposit, or Electronic Transfer (ACAT). Look for the tab related to the method you want to use, and you’ll find information specific to that funding option.
  3. Follow the steps given in the provided instructions to add funds to your account. This typically involves the details and procedures specific to your chosen funding method, so make sure to follow each step carefully.

Once your accounts are set up, you are ready to jump into crypto trading. Keep tabs on your balances effortlessly through the TradeStation Crypto application. When you decide to make a purchase using TradeStation Crypto with cash, you give TradeStation Securities the go-ahead to move the necessary U.S. dollars into your TradeStation Crypto account for the order.

On the flip side, when you sell crypto for cash, you grant TradeStation Crypto permission to transfer the resulting funds into your TradeStation Securities equities account. It’s a seamless process to make your trading experience smoother.

Deposit or Withdraw Cryptocurrency

  1. Select the “My Account” button located near the top right corner of the TradeStation Crypto application.
  2. Click on the “Transfers” tab.
  3. Press the “+ New Deposit” button if you want to deposit cryptocurrency, or click on the “+ New Withdrawal” button if you intend to withdraw cryptocurrency.

To enhance security, every TradeStation Crypto user must employ two-factor authentication to log into their accounts. During your initial login, you’ll receive a prompt to configure your phone as the secondary authentication device. Once activated, you’ll be asked to use this device every time you log in for an added layer of protection.

Log In

After your account is topped up, log in. Just like you would sign in to your email or social media.

Open Google Chrome:

Open the Google Chrome browser.

Login to TradeStation:

Enter your credentials and log in.

Download Auth0 Guardian App:

Go to the App Store or Google Play and download the Auth0 Guardian app.

Link Auth0 Guardian App:

Click on “I’ve already downloaded it” in the TradeStation login dialog. Open Auth0 Guardian, allow necessary permissions, and scan the QR code displayed on the TradeStation login dialog.

Generate Recovery Code:

After scanning, a recovery code will appear. Check the box confirming you’ve recorded it safely, then click the arrow.

Complete Setup:

When the dialog says “Congratulations, you are all set,” click Continue.

Access TradeStation Crypto:

Go to TradeStation Client Center or crypto.tradestation.com. Enter your username and password.

First-time Login with Auth0 Guardian:

Follow the Auth0 Guardian mobile app enrollment instructions. This might involve responding to a notification on your phone or manually entering a six-digit code.

Verification and Launch:

Once your identity is verified, TradeStation Crypto will launch.

Logout:

To log out, click “Sign Out” in the main menu (top right).

Single Sign-On (Optional):

If you prefer, click “Use Single Sign On.”

Set Up Your Trading Room

Set up your trade room. Think of it as preparing your desk or workspace. Get everything organized and laid out the way you like it.

Change Setup Layout:

Click the “Chart Grid View” button to adjust your trading workspace. You can have up to four chart windows.

Add Symbols:

To include symbols in the Quick Symbol view, click the “+” button. You can also use the Symbol Selector list for Buying and Selling.

Show Applications:

Click the “View Settings” button to display applications like the Order Book or a chart.

Choose Symbol:

Use the Symbol Selector menu or click on a symbol in the Quick Symbol view to pick which symbol loads in a window.

Market Data Aggregation:

Utilize the Order Book to see an aggregation of market data across various exchanges.

Graphical Market Representation:

For a visual representation of the market over time, use the Price Chart. Click on the chart to show a cross-hair cursor indicating the price and interval. Drag the cross-hair to move the chart.

Supply and Demand Summary:

Employ the Depth Chart to quickly summarize supply and demand, displaying volumes at each price level.

Switch Display Modes:

Click either “Day mode” or “Night mode” to toggle between different display settings.

Start Trading

Now, you’re ready to make your moves. It’s time to buy or sell crypto. Picture it as making transactions in an online store.

Initiate a Trade:

Click either the “Buy” or “Sell” button on the Quick Trade Bar to place a trade for the currently selected symbol.

Set Order Details:

For more specific order settings like order type, quantity, duration, price, and expiration, use the Order Form. Click the appropriate “Buy” or “Sell” button to execute the trade once you’ve set the desired parameters.

Keep an Eye on Your Trades

Once you’ve made trades, don’t forget to manage them. Watch how they’re doing and adjust as needed. It’s like tending to a garden to help it grow.

Check Your Trades:

To see details about your trades, choose one of the order management tabs:

Orders:

Reveals the status of all your active orders.

You can cancel an order by clicking the trash can icon.

Events:

Displays a log of recent events related to your orders.

Includes information about submitted, rejected, and executed orders.

Dealings:

Shows the orders and quotes related to your favorite symbols.

Click the “Buy” or “Sell” button to open an Order Form.

Rates:

Provides a summary of prices and spreads for the available symbols.

Important Information

TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are all owned entirely by TradeStation Group, Inc. They provide various products and services under the TradeStation brand and trademark.

Additionally, You Can Trade, Inc. is another wholly owned subsidiary of TradeStation Group, Inc. This company operates independently, using its brand and trademarks.

When you’re applying for or purchasing accounts, subscriptions, products, or services, it’s essential to be clear about which specific company you are dealing with. For more detailed information on this, you can find it by clicking here.

Read More: Crypto Trading Bot Mastery: Wealthy Leads Crypto Trading Bot

Wrap-Up About How to Trade Crypto on TradeStation

I hope now that you’re well aware, of how to trade crypto on TradeStation?  In conclusion, the Crypto trading journey with TradeStation is a seamless process. From setting up your accounts and funding them to executing trades and managing your portfolio, this guide provides a step-by-step roadmap. The integration of two-factor authentication ensures the security of your transactions. Always be mindful of which TradeStation entity you are dealing with for a smooth and informed trading experience. Dive into the world of crypto with TradeStation, where simplicity meets functionality.

Farman Bangash

I have had a keen interest in the world of cryptocurrency and blockchain technology since 2013. My entrepreneurial drive led me to create CryptoGuideToday, a blog dedicated to providing comprehensive coverage of all things related to blockchain and cryptocurrencies. My goal is to educate and inform people about these technologies and provide valuable insights. I am a firm believer that self-education is crucial for achieving success in this field.

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