What happens to my money if a cryptocurrency is delisted?

3 answers

• Dec 16, 2021 · 3 years ago
  When a cryptocurrency is delisted from an exchange, it means that the exchange will no longer support trading of that particular cryptocurrency. As a result, if you have invested in that cryptocurrency, you will no longer be able to trade it on that exchange. However, it does not mean that your money is lost. You should still have access to your funds and can choose to withdraw them to a different wallet or transfer them to another exchange that supports the cryptocurrency.
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• Dec 16, 2021 · 3 years ago
  If a cryptocurrency is delisted, it can have an impact on its value. Delisting usually indicates that there are concerns or issues with the cryptocurrency, which can lead to a decrease in demand and price. Therefore, it is important to closely monitor the news and developments surrounding the cryptocurrency you have invested in, especially if there are rumors or announcements of potential delisting.
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• Dec 16, 2021 · 3 years ago
  In the case of BYDFi, if a cryptocurrency is delisted from our exchange, we will provide a grace period during which users can withdraw their funds. After the grace period, if the cryptocurrency remains delisted, users will no longer be able to trade or withdraw it from our platform. It is important to stay updated with our announcements and follow the instructions provided to ensure a smooth transition for your investments.
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