What are the available options for withdrawing cash from Scottrade using cryptocurrency?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure, you can withdraw cash from Scottrade using cryptocurrency. However, Scottrade itself does not directly support cryptocurrency withdrawals. To withdraw cash using cryptocurrency, you would need to transfer your cryptocurrency to a supported exchange or platform that offers fiat currency withdrawals. Once your cryptocurrency is on the exchange, you can sell it for fiat currency and then withdraw the cash to your bank account. Keep in mind that each exchange may have its own withdrawal fees and processing times, so it's important to research and choose a reliable and cost-effective platform for this purpose.
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• Dec 15, 2021 · 3 years ago
  Yes, you can withdraw cash from Scottrade using cryptocurrency, but it's not as straightforward as directly withdrawing from Scottrade itself. You'll need to transfer your cryptocurrency to a third-party exchange that supports fiat currency withdrawals. Once your cryptocurrency is on the exchange, you can sell it for fiat currency and then initiate a withdrawal to your bank account. However, be aware that there may be fees associated with these transactions, and the processing time can vary depending on the exchange and the specific cryptocurrency you're using.
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• Dec 15, 2021 · 3 years ago
  Withdrawals of cash from Scottrade using cryptocurrency can be done through various platforms and exchanges. One popular option is BYDFi, a digital currency exchange that supports fiat currency withdrawals. To withdraw cash from Scottrade using cryptocurrency, you would first need to transfer your cryptocurrency to BYDFi. Once your cryptocurrency is on BYDFi, you can sell it for fiat currency and then withdraw the cash to your bank account. Keep in mind that there may be fees associated with these transactions, and the processing time can vary depending on the specific cryptocurrency you're using and the volume of withdrawals on the exchange.
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