common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

Is it possible to trade unsettled funds in popular cryptocurrency exchanges like Binance and Coinbase?

avatarDhananjoy BalaNov 25, 2021 · 3 years ago3 answers

Can I trade with unsettled funds in popular cryptocurrency exchanges such as Binance and Coinbase? How does it work?

Is it possible to trade unsettled funds in popular cryptocurrency exchanges like Binance and Coinbase?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    No, it is not possible to trade with unsettled funds in popular cryptocurrency exchanges like Binance and Coinbase. When you deposit funds into your account, they need to go through a settlement period before they can be used for trading. During this period, the funds are not available for trading, and you will need to wait until they are settled before you can use them.
  • avatarNov 25, 2021 · 3 years ago
    Unfortunately, you cannot trade with unsettled funds in popular cryptocurrency exchanges like Binance and Coinbase. This is a security measure implemented by the exchanges to prevent fraudulent activities and ensure the safety of users' funds. It is important to understand and abide by the settlement rules of the exchanges to avoid any potential issues.
  • avatarNov 25, 2021 · 3 years ago
    As an expert from BYDFi, I can confirm that trading with unsettled funds is not possible in popular cryptocurrency exchanges like Binance and Coinbase. These exchanges have strict policies in place to protect users and maintain the integrity of the market. Unsettled funds need to go through a settlement period before they can be used for trading. It is important to be patient and wait for the funds to be settled before making any trades.