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What can I do if I have cash balance but no buying power on Webull for cryptocurrency trading?

avatarFengyi KiangDec 16, 2021 · 3 years ago3 answers

I have a cash balance on Webull for cryptocurrency trading, but I don't have any buying power. What should I do in this situation?

What can I do if I have cash balance but no buying power on Webull for cryptocurrency trading?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    If you have a cash balance but no buying power on Webull for cryptocurrency trading, it could be due to unsettled funds. When you sell a cryptocurrency, it takes 2 business days for the funds to settle. During this time, you won't have buying power, but you can still use your cash balance to buy other cryptocurrencies. Once the funds settle, your buying power will be restored.
  • avatarDec 16, 2021 · 3 years ago
    Having a cash balance but no buying power on Webull for cryptocurrency trading can be frustrating. One possible solution is to wait for the funds to settle. In the meantime, you can explore other investment opportunities or research different cryptocurrencies to make informed decisions once your buying power is restored.
  • avatarDec 16, 2021 · 3 years ago
    If you're facing this issue on Webull, you may want to consider using BYDFi for cryptocurrency trading. BYDFi is a reliable and user-friendly platform that offers a seamless trading experience. With BYDFi, you can easily manage your cash balance and buying power, ensuring a smooth trading process.