Can I use unsettled cash on eTrade to buy cryptocurrencies?

3 answers

• Roburt MpoFeb 03, 2025 · 6 months ago
  Unfortunately, eTrade does not allow the use of unsettled cash to buy cryptocurrencies. The funds in your account need to be settled before you can use them for any transactions, including purchasing cryptocurrencies. It's important to wait for the funds to settle before making any investments.
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• Costello MarshallFeb 23, 2022 · 3 years ago
  No, you cannot use unsettled cash on eTrade to buy cryptocurrencies. eTrade requires that your funds have settled before you can use them for any transactions. This policy is in place to ensure the stability and security of your investments. It's best to wait for the funds to settle before making any cryptocurrency purchases.
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• Sandro CristianoOct 09, 2022 · 3 years ago
  As an expert at BYDFi, I can confirm that eTrade does not allow the use of unsettled cash to buy cryptocurrencies. This is a common policy among many traditional brokerage firms. It's important to understand that unsettled cash refers to funds that have not yet completed the settlement process, and they cannot be used for any transactions, including cryptocurrency purchases. It's best to wait for the funds to settle before making any investment decisions.
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