How does settled cash work on Fidelity for cryptocurrency transactions?

3 answers

• Marsh DickensJan 17, 2024 · 2 years ago
  Settled cash on Fidelity refers to funds that have been fully processed and are available for use in cryptocurrency transactions. When you deposit funds into your Fidelity account, they go through a settlement process, which typically takes a few business days. Once the funds have settled, you can use them to buy or sell cryptocurrencies on the Fidelity platform. It's important to note that settled cash is separate from unsettled cash, which refers to funds that are still in the process of settling and cannot be used for trading yet.
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• do huuphuocJan 20, 2024 · 2 years ago
  Settled cash is an essential part of trading cryptocurrencies on Fidelity. It ensures that you have sufficient funds available to execute your trades. Without settled cash, you would not be able to buy or sell cryptocurrencies on the platform. Fidelity follows a standard settlement process for funds, which may vary depending on the type of transaction and the specific cryptocurrency involved. It's always a good idea to familiarize yourself with Fidelity's settlement policies to understand how settled cash works for your cryptocurrency transactions.
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• ASKNov 07, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that settled cash is a crucial aspect of trading on any platform, including Fidelity. It provides stability and ensures that your transactions are executed smoothly. Fidelity has a robust settlement process in place to ensure that funds are properly processed and available for trading. If you're new to cryptocurrency trading, it's important to understand the concept of settled cash and how it impacts your overall trading experience. Fidelity's settlement process is designed to protect both the platform and its users, providing a secure environment for cryptocurrency transactions.
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