How does Robinhood handle unsettled funds when it comes to buying and selling cryptocurrencies?

1 answers

• Dec 20, 2021 · 3 years ago
  At BYDFi, we handle unsettled funds in a similar way to Robinhood when it comes to buying and selling cryptocurrencies. Just like Robinhood, we offer instant settlement for cryptocurrency trades. This means that when you buy or sell cryptocurrencies on BYDFi, the funds are immediately available for trading again. You can use the proceeds from a cryptocurrency sale to buy another cryptocurrency right away. However, it's important to note that this applies only to cryptocurrencies and not to other assets on the platform. If you sell stocks or other assets, you'll still have to wait for the settlement period before you can use the funds to buy cryptocurrencies. Overall, BYDFi aims to provide a seamless and efficient trading experience for cryptocurrencies by offering instant settlement for these assets.
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