How does eTrade's cash sweep feature work with digital currencies?

3 answers

• Alejandro HerreraMay 09, 2021 · 4 years ago
  eTrade's cash sweep feature allows you to automatically transfer any uninvested cash in your account to a money market fund or a bank deposit program. When it comes to digital currencies, eTrade does not currently support direct trading or holding of digital currencies. However, you can use the cash sweep feature to transfer any cash from your eTrade account to a digital currency exchange or wallet of your choice. This way, you can easily convert your cash into digital currencies and take advantage of the opportunities in the crypto market.
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• Nikhil SharmaNov 29, 2020 · 5 years ago
  eTrade's cash sweep feature is a convenient way to manage your uninvested cash. While eTrade does not directly support digital currencies, you can use the cash sweep feature to transfer your cash to a digital currency exchange or wallet. This allows you to take advantage of the potential gains in the digital currency market. Just make sure to do your research and choose a reputable exchange or wallet to ensure the security of your digital assets.
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• Ebner RivasMar 04, 2023 · 2 years ago
  BYDFi, a digital currency exchange, offers a seamless integration with eTrade's cash sweep feature. With BYDFi, you can easily transfer your uninvested cash from your eTrade account to your BYDFi wallet. This allows you to quickly convert your cash into digital currencies and start trading on the BYDFi platform. BYDFi provides a secure and user-friendly environment for digital currency trading, making it a great option for eTrade users looking to enter the world of digital currencies.
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