What are the alternatives to ACH holds for cryptocurrency investors?

7 answers

• Nov 24, 2021 · 3 years ago
  One alternative to ACH holds for cryptocurrency investors is using stablecoins. Stablecoins are cryptocurrencies pegged to a stable asset, such as the US dollar. They offer stability and can be easily transferred between different exchanges and wallets. Additionally, stablecoins can be used to quickly enter or exit positions without the need for ACH holds.
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• Nov 24, 2021 · 3 years ago
  Another alternative is using decentralized exchanges (DEXs). DEXs allow users to trade cryptocurrencies directly from their wallets without the need for a centralized intermediary. This eliminates the need for ACH holds and provides users with full control over their funds. However, it's important to note that DEXs may have lower liquidity compared to centralized exchanges.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, also offers an alternative to ACH holds. With BYDFi, users can trade cryptocurrencies without the need for ACH holds or relying on a centralized exchange. BYDFi provides a secure and user-friendly platform for cryptocurrency trading.
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• Nov 24, 2021 · 3 years ago
  In addition, some centralized exchanges offer alternative payment methods, such as wire transfers or credit/debit card payments. These methods may have faster processing times compared to ACH holds, allowing investors to quickly deposit or withdraw funds.
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• Nov 24, 2021 · 3 years ago
  If you're looking for a more private alternative, you can consider using privacy-focused cryptocurrencies like Monero or Zcash. These cryptocurrencies offer enhanced privacy features, making it more difficult to trace transactions and holdings.
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• Nov 24, 2021 · 3 years ago
  Lastly, peer-to-peer trading platforms, such as LocalBitcoins, provide an alternative to ACH holds. These platforms connect buyers and sellers directly, allowing for faster and more flexible transactions without the need for ACH holds.
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• Nov 24, 2021 · 3 years ago
  Overall, there are several alternatives to ACH holds for cryptocurrency investors. From stablecoins and decentralized exchanges to alternative payment methods and privacy-focused cryptocurrencies, investors have various options to choose from based on their preferences and needs.
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