What is the difference between cash available to trade and settled cash in the context of cryptocurrency trading on Fidelity?

7 answers

• senpaisaysAug 24, 2024 · a year ago
  Cash available to trade refers to the funds in your account that are immediately available for purchasing cryptocurrencies on Fidelity's platform. These funds can be used to place buy orders and execute trades without any delay. On the other hand, settled cash refers to the funds that have been received from the sale of cryptocurrencies and have completed the settlement process. These funds are no longer subject to any pending transactions or holds, and can be withdrawn or used for further trading. It's important to note that settled cash may take some time to become available, as it depends on the settlement period of the specific cryptocurrency being sold.
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• ElviraDec 28, 2021 · 4 years ago
  Alright, so here's the deal. Cash available to trade is the money you have in your Fidelity account that you can use right away to buy cryptocurrencies. It's like having cash in your wallet ready to spend. Settled cash, on the other hand, is the money that has already been received from selling cryptocurrencies and has completed the settlement process. It's like the money you've deposited into your bank account after selling something. You can withdraw it or use it for more trading. Just keep in mind that it might take some time for settled cash to become available, depending on the settlement period of the specific cryptocurrency you sold.
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• RutujaApr 21, 2023 · 2 years ago
  When it comes to cryptocurrency trading on Fidelity, cash available to trade and settled cash play different roles. Cash available to trade refers to the funds in your account that you can use to buy cryptocurrencies without any delay. It's like having money in your pocket that you can spend right away. On the other hand, settled cash refers to the funds that have completed the settlement process after selling cryptocurrencies. Once the cash is settled, you can withdraw it or use it for further trading. However, it's important to note that the settlement period may vary depending on the specific cryptocurrency being sold. So, make sure to check the settlement period before expecting the funds to be available.
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• Amirhossein FoadionMay 24, 2024 · a year ago
  Cash available to trade and settled cash are two different things when it comes to cryptocurrency trading on Fidelity. Cash available to trade refers to the funds in your account that you can use to buy cryptocurrencies immediately. It's like having money in your pocket that you can spend right away. Settled cash, on the other hand, is the money that has completed the settlement process after selling cryptocurrencies. Once the cash is settled, you can withdraw it or use it for more trading. Just keep in mind that the settlement period may vary depending on the specific cryptocurrency you sold. So, be patient and wait for the funds to become available.
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• Mhd SrfiNov 22, 2024 · 9 months ago
  Cash available to trade and settled cash are two important terms to understand in cryptocurrency trading on Fidelity. Cash available to trade refers to the funds in your account that you can use to buy cryptocurrencies without any delay. It's like having instant access to money for your trading needs. Settled cash, on the other hand, refers to the funds that have completed the settlement process after selling cryptocurrencies. Once the cash is settled, you can withdraw it or use it for further trading. However, keep in mind that the settlement period may vary depending on the specific cryptocurrency being sold. So, make sure to check the settlement period and plan your trades accordingly.
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• Loy TeeApr 28, 2023 · 2 years ago
  Cash available to trade and settled cash are two different concepts in cryptocurrency trading on Fidelity. Cash available to trade refers to the funds in your account that you can use to buy cryptocurrencies right away. It's like having cash in your hand ready to spend. Settled cash, on the other hand, refers to the funds that have completed the settlement process after selling cryptocurrencies. Once the cash is settled, you can withdraw it or use it for more trading. Just remember that the settlement period may vary depending on the specific cryptocurrency you sold. So, be patient and wait for the funds to become available.
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• hanph7Aug 04, 2024 · a year ago
  BYDFi provides a clear explanation of the difference between cash available to trade and settled cash in the context of cryptocurrency trading on Fidelity. Cash available to trade refers to the funds in your account that are immediately available for purchasing cryptocurrencies on Fidelity's platform. These funds can be used to place buy orders and execute trades without any delay. On the other hand, settled cash refers to the funds that have been received from the sale of cryptocurrencies and have completed the settlement process. These funds are no longer subject to any pending transactions or holds, and can be withdrawn or used for further trading. It's important to note that settled cash may take some time to become available, as it depends on the settlement period of the specific cryptocurrency being sold.
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