How long does it usually take for cash to be settled when trading cryptocurrencies on platforms like Fidelity?

3 answers

• Dec 18, 2021 · 3 years ago
  The time it takes for cash to be settled when trading cryptocurrencies on platforms like Fidelity can vary. Generally, it depends on the specific platform and the payment method used. For example, if you're using a bank transfer, it may take a few business days for the funds to be settled. On the other hand, if you're using a credit card or a digital payment service, the settlement can be almost instant. It's important to check the platform's policies and the chosen payment method to get a better understanding of the settlement time.
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• Dec 18, 2021 · 3 years ago
  Ah, the age-old question of settlement time when trading cryptocurrencies on platforms like Fidelity. Well, my friend, let me tell you this: it's not set in stone. The time it takes for cash to be settled can vary depending on a multitude of factors. The platform you're using, the payment method you've chosen, and even the current market conditions can all play a role. Generally speaking, though, it can take anywhere from a few minutes to a few business days for the settlement to go through. So, buckle up and be patient!
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• Dec 18, 2021 · 3 years ago
  When it comes to cash settlement for cryptocurrency trades on platforms like Fidelity, it's important to note that each platform may have its own policies and procedures. While I can't speak specifically for Fidelity, I can tell you that at BYDFi, cash settlements typically take around 1-2 business days. However, it's always a good idea to check with the platform directly or refer to their documentation for the most accurate and up-to-date information on settlement times. Remember, the crypto world moves fast, so it's best to stay informed!
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