What are the differences between cash balance and cash sweep in TD Ameritrade's cryptocurrency services?

7 answers

• Gill OhlsenNov 28, 2024 · 8 months ago
  Sure! Cash balance in TD Ameritrade's cryptocurrency services refers to the amount of cash you have available in your account that is not currently invested in cryptocurrencies. It's like the money you have in your wallet that you can use to make purchases. On the other hand, cash sweep is a feature that automatically transfers any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash while it's not invested in cryptocurrencies. So, cash balance is the amount of cash you have available for immediate use, while cash sweep is a way to earn some extra interest on your idle cash.
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• s0ra_junky4rdAug 16, 2022 · 3 years ago
  Cash balance and cash sweep are two different ways to manage the cash in your TD Ameritrade cryptocurrency account. Cash balance is the amount of cash you have available to invest in cryptocurrencies or withdraw from your account. It's like the balance in your bank account. Cash sweep, on the other hand, is a feature that automatically moves any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash. So, cash balance is the actual cash you have, while cash sweep is a way to make your idle cash work for you.
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• Nico HuAug 22, 2021 · 4 years ago
  In TD Ameritrade's cryptocurrency services, cash balance and cash sweep are two different ways to handle your available cash. Cash balance refers to the amount of cash you have in your account that is not currently invested in cryptocurrencies. It's like the money you have in your pocket. Cash sweep, on the other hand, is a feature that automatically transfers any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash. So, cash balance is the cash you can use immediately, while cash sweep is a way to earn some extra interest on your idle cash.
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• Chuangqi YangMay 13, 2023 · 2 years ago
  Cash balance and cash sweep are two distinct features in TD Ameritrade's cryptocurrency services. Cash balance refers to the amount of cash you have in your account that is not currently invested in cryptocurrencies. It's like the money you have in your wallet. Cash sweep, on the other hand, is a feature that automatically moves any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash. So, cash balance is the cash you can use right away, while cash sweep is a way to earn some additional interest on your unused cash.
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• ensrcFeb 22, 2022 · 3 years ago
  In TD Ameritrade's cryptocurrency services, cash balance and cash sweep are two different ways to manage your cash. Cash balance refers to the amount of cash you have in your account that is not currently invested in cryptocurrencies. It's like the money you have in your pocket. Cash sweep, on the other hand, is a feature that automatically transfers any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash. So, cash balance is the cash you can use immediately, while cash sweep is a way to earn some extra interest on your idle cash.
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• Robert ClarkDec 05, 2023 · 2 years ago
  Cash balance and cash sweep are two separate features offered by TD Ameritrade's cryptocurrency services. Cash balance refers to the amount of cash you have in your account that is not currently invested in cryptocurrencies. It's like the money you have in your wallet. Cash sweep, on the other hand, is a feature that automatically moves any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash. So, cash balance is the cash you can use right away, while cash sweep is a way to earn some additional interest on your unused cash.
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• FastweedsuppliesAug 22, 2023 · 2 years ago
  BYDFi's cryptocurrency services provide two options for managing your cash: cash balance and cash sweep. Cash balance refers to the amount of cash you have in your account that is not currently invested in cryptocurrencies. It's like the money you have in your pocket. Cash sweep, on the other hand, is a feature that automatically transfers any excess cash in your account into a money market fund. This helps you earn some interest on your idle cash. So, cash balance is the cash you can use immediately, while cash sweep is a way to earn some extra interest on your idle cash.
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