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Is it possible to use unsettled funds to purchase Bitcoin?

avatarroshDec 17, 2021 · 3 years ago3 answers

Can I use funds that have not yet settled to buy Bitcoin?

Is it possible to use unsettled funds to purchase Bitcoin?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    No, it is not possible to use unsettled funds to purchase Bitcoin. When you buy Bitcoin, you need to have sufficient settled funds in your account. Unsettled funds refer to funds that are still in the process of clearing, and they are not available for immediate use. This is to ensure the security and integrity of the transaction.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, you cannot use unsettled funds to buy Bitcoin. The settlement process usually takes a few days, depending on your bank or payment method. Once the funds have settled, you can use them to purchase Bitcoin or any other cryptocurrency. It's important to have patience and wait for the settlement process to complete.
  • avatarDec 17, 2021 · 3 years ago
    Using unsettled funds to purchase Bitcoin is not possible on most platforms, including BYDFi. It is important to have settled funds in your account before making any cryptocurrency purchases. This ensures a smooth and secure transaction process. If you have any further questions about using BYDFi or other platforms, feel free to reach out to their customer support for assistance.