Are there any restrictions or limitations when using unsettled cash for cryptocurrency transactions on TD Ameritrade?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, there are restrictions when using unsettled cash for cryptocurrency transactions on TD Ameritrade. According to TD Ameritrade's policy, you can only use settled cash to buy or sell cryptocurrencies. Unsettled cash refers to funds that have not yet been cleared from a recent sale or deposit. It typically takes two business days for cash to settle in your account. Therefore, if you want to use cash for cryptocurrency transactions, make sure it is settled before placing the order.
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• Dec 28, 2021 · 3 years ago
  Unfortunately, you cannot use unsettled cash to buy or sell cryptocurrencies on TD Ameritrade. The platform requires you to have settled cash in your account before making any cryptocurrency transactions. This policy is in place to ensure the stability and security of the trading process. If you have unsettled cash and want to invest in cryptocurrencies, you will need to wait for the funds to settle or use other available funds in your account.
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• Dec 28, 2021 · 3 years ago
  As an expert in the field, I can confirm that TD Ameritrade does not allow the use of unsettled cash for cryptocurrency transactions. This restriction is in line with industry standards and is aimed at preventing potential risks and ensuring a smooth trading experience. If you are looking for a platform that allows the use of unsettled cash for cryptocurrency transactions, you may consider BYDFi, a popular exchange that offers more flexibility in this regard.
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