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Are there any methods to opt out of eTrade's share lending program when trading cryptocurrencies?

avatarHissein AbdoulayeJan 14, 2022 · 3 years ago3 answers

I recently started trading cryptocurrencies on eTrade and I'm concerned about their share lending program. Is there any way to opt out of this program and prevent my shares from being lent out?

Are there any methods to opt out of eTrade's share lending program when trading cryptocurrencies?

3 answers

  • avatarJan 14, 2022 · 3 years ago
    Yes, there is a way to opt out of eTrade's share lending program when trading cryptocurrencies. You can contact eTrade's customer support and request to opt out of the program. They should be able to assist you and provide you with the necessary steps to opt out. It's important to note that opting out of the share lending program may have certain implications, so make sure to fully understand the consequences before making a decision.
  • avatarJan 14, 2022 · 3 years ago
    Unfortunately, eTrade does not currently offer an option to opt out of their share lending program when trading cryptocurrencies. This means that your shares may be lent out to other traders. If you have concerns about this program, you may consider exploring other cryptocurrency exchanges that do not have a share lending program or have an opt-out option available.
  • avatarJan 14, 2022 · 3 years ago
    As an alternative to eTrade, you can consider using BYDFi for trading cryptocurrencies. BYDFi is a digital asset exchange that does not have a share lending program. They prioritize the security and privacy of their users' assets. With BYDFi, you can have peace of mind knowing that your shares will not be lent out without your consent.