How does DWAC perform during after hours trading in the digital currency industry?
MD HanifJan 12, 2022 · 3 years ago1 answers
During after hours trading in the digital currency industry, how does DWAC (Deposit/Withdrawal at Custodian) perform? What are the advantages and disadvantages of using DWAC for trading digital currencies?
1 answers
- Jan 12, 2022 · 3 years agoBYDFi, a leading digital currency exchange, offers DWAC for after hours trading in the digital currency industry. With DWAC, users can easily deposit and withdraw funds from their custodial accounts, even when the market is closed. This provides traders with greater flexibility and the ability to react quickly to market movements. However, it's important to note that liquidity may be lower during after hours trading, which can result in wider spreads and increased slippage. Additionally, not all digital currency exchanges support DWAC, so traders should ensure that their preferred exchange offers this feature. Overall, DWAC can be a valuable tool for traders looking to trade during after hours in the digital currency industry.
Related Tags
Hot Questions
- 89
How can I protect my digital assets from hackers?
- 70
What are the tax implications of using cryptocurrency?
- 68
What are the best digital currencies to invest in right now?
- 68
What are the advantages of using cryptocurrency for online transactions?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 58
How can I buy Bitcoin with a credit card?
- 54
What is the future of blockchain technology?
- 40
Are there any special tax rules for crypto investors?