common-close-0
BYDFi
Trade wherever you are!

What is the settlement date for cryptocurrency stock sales?

avatarSarwon Jung KunwarDec 25, 2021 · 3 years ago1 answers

Can you please explain what the settlement date refers to when it comes to selling cryptocurrency stocks? How does it work and what are the implications for traders?

What is the settlement date for cryptocurrency stock sales?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, the settlement date for cryptocurrency stock sales is typically within 2 business days after the trade execution date. This means that if you sell cryptocurrency stocks on our platform, you can expect the funds from the sale to be delivered to your account within 2 business days. The stocks will also be transferred to the buyer's account on the same settlement date. It's important to note that the settlement date may vary depending on the specific cryptocurrency and market conditions. Traders should always check the settlement date before making any trades to ensure they are aware of when the funds will be available in their account.