How does deposit sweep work with digital currencies?

3 answers

• REYNALDO ANDRES BAUTISTA VENEGNov 08, 2022 · 3 years ago
  Deposit sweep with digital currencies works by automatically transferring excess funds from a user's account into an interest-bearing account. This helps to maximize the user's earning potential while keeping their funds easily accessible. Unlike traditional banking, where excess funds may sit idle in a checking account, deposit sweep ensures that the funds are put to work and generate interest. It's a convenient way to optimize the use of digital currencies.
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• Kofoed MercadoJun 04, 2022 · 3 years ago
  Deposit sweep with digital currencies is similar to how traditional banks handle excess funds. When a user's account balance exceeds a certain threshold, the excess funds are automatically transferred to an interest-bearing account. This allows users to earn interest on their idle funds and potentially increase their overall returns. It's a smart feature that makes digital currencies more attractive for users who want to make the most of their money.
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• Michael WaveJan 09, 2023 · 3 years ago
  With BYDFi, deposit sweep works by automatically transferring excess digital currencies from a user's account to a separate interest-bearing account. This feature helps users to earn passive income on their idle funds, without the need for manual transfers or complicated processes. It's a convenient way to optimize the use of digital currencies and make the most of your investment.
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