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What is the impact of unsettled cash on cryptocurrency trading in Webull?

avatarAhmed Nouri MohamudDec 18, 2021 · 3 years ago3 answers

Can unsettled cash affect cryptocurrency trading in Webull? How does it impact the buying and selling of cryptocurrencies on the platform?

What is the impact of unsettled cash on cryptocurrency trading in Webull?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, unsettled cash can have an impact on cryptocurrency trading in Webull. When you buy or sell cryptocurrencies using unsettled cash, you may experience delays in the execution of your trades. This is because unsettled cash refers to funds that have not yet settled from previous trades. Webull, like other platforms, requires settled funds for trading. Therefore, if you use unsettled cash to trade cryptocurrencies, you may have to wait for the funds to settle before your trades are executed.
  • avatarDec 18, 2021 · 3 years ago
    Unsettled cash can be a bit of a hassle when it comes to cryptocurrency trading on Webull. If you try to buy or sell cryptocurrencies using unsettled cash, you might encounter delays in the execution of your trades. This is because unsettled cash refers to funds that have not yet settled from previous trades. Webull, being a platform that prioritizes the use of settled funds, requires you to have settled cash in your account to trade cryptocurrencies smoothly.
  • avatarDec 18, 2021 · 3 years ago
    Yes, unsettled cash can impact cryptocurrency trading in Webull. When you use unsettled cash to buy or sell cryptocurrencies, there may be delays in the execution of your trades. It's important to note that this is not unique to Webull, as many other platforms also require settled funds for trading. However, it's worth mentioning that BYDFi, another popular cryptocurrency exchange, allows trading with unsettled cash, providing more flexibility for users.