Can I use unsettled cash on eTrade to buy cryptocurrencies?
Dapendra MagharDec 27, 2021 · 3 years ago3 answers
Is it possible to use unsettled cash in my eTrade account to purchase cryptocurrencies? I have some funds that haven't settled yet and I'm wondering if I can use them to invest in digital currencies. Can eTrade allow me to use unsettled cash for buying cryptocurrencies?
3 answers
- Dec 27, 2021 · 3 years agoUnfortunately, eTrade does not allow the use of unsettled cash to buy cryptocurrencies. The funds in your account need to be settled before you can use them for any transactions, including purchasing cryptocurrencies. It's important to wait for the funds to settle before making any investments.
- Dec 27, 2021 · 3 years agoNo, you cannot use unsettled cash on eTrade to buy cryptocurrencies. eTrade requires that your funds have settled before you can use them for any transactions. This policy is in place to ensure the stability and security of your investments. It's best to wait for the funds to settle before making any cryptocurrency purchases.
- Dec 27, 2021 · 3 years agoAs an expert at BYDFi, I can confirm that eTrade does not allow the use of unsettled cash to buy cryptocurrencies. This is a common policy among many traditional brokerage firms. It's important to understand that unsettled cash refers to funds that have not yet completed the settlement process, and they cannot be used for any transactions, including cryptocurrency purchases. It's best to wait for the funds to settle before making any investment decisions.
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