How do I ensure that eTrade doesn't lend my shares for cryptocurrency trades?

7 answers

• Nov 27, 2021 · 3 years ago
  To ensure that eTrade doesn't lend your shares for cryptocurrency trades, you can contact eTrade's customer support and specifically request that your shares are not available for lending. They should be able to assist you with this request and provide you with the necessary information to ensure that your shares are not used for lending purposes. It's always a good idea to stay proactive and regularly check your account settings to make sure that your shares are not being lent out without your knowledge.
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• Nov 27, 2021 · 3 years ago
  One way to prevent eTrade from lending your shares for cryptocurrency trades is to transfer your shares to a different brokerage account that doesn't engage in share lending. Look for a brokerage that explicitly states that they do not lend out shares. By transferring your shares to such an account, you can have peace of mind knowing that your shares won't be used for cryptocurrency trades without your consent.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of protecting your assets and ensuring that your shares are not used for cryptocurrency trades without your knowledge. While we are not affiliated with eTrade, we recommend reaching out to eTrade's customer support and expressing your concerns. They should be able to provide you with the necessary information and assistance to ensure that your shares are not lent out for cryptocurrency trades.
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• Nov 27, 2021 · 3 years ago
  Don't worry, eTrade has measures in place to protect your shares from being lent out for cryptocurrency trades without your consent. You can log in to your eTrade account and navigate to the settings or account preferences section. Look for an option related to share lending or margin trading and make sure it is disabled. By disabling this option, you can ensure that your shares are not available for lending purposes. If you're unsure about how to do this, you can always contact eTrade's customer support for guidance.
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• Nov 27, 2021 · 3 years ago
  Preventing eTrade from lending your shares for cryptocurrency trades is essential to protect your investments. One way to ensure this is by placing a restriction on your account that prohibits share lending. You can do this by contacting eTrade's customer support and requesting a share lending restriction. They should be able to assist you with this and provide you with the necessary steps to ensure that your shares are not used for lending purposes. Remember to regularly review your account settings to ensure that the restriction is in place.
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• Nov 27, 2021 · 3 years ago
  If you're concerned about eTrade lending your shares for cryptocurrency trades, it's important to understand that share lending is a common practice among many brokerages. However, you can take steps to minimize the risk. One option is to set up a cash account instead of a margin account. Cash accounts typically do not allow share lending. Another option is to regularly monitor your account and review any notifications or alerts related to share lending. By staying informed and proactive, you can ensure that your shares are not used for cryptocurrency trades without your knowledge or consent.
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• Nov 27, 2021 · 3 years ago
  While it's understandable to be concerned about eTrade lending your shares for cryptocurrency trades, it's worth noting that share lending can actually provide certain benefits, such as earning additional income through lending fees. However, if you're not comfortable with this practice, you can contact eTrade's customer support and request that your shares are not available for lending. They should be able to assist you with this request and provide you with the necessary information to ensure that your shares are not used for lending purposes.
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