What are the advantages of using a digital currency exchange that offers FDIC sweep accounts?
Sk MD Sakib SamiFeb 24, 2025 · 6 months ago1 answers
Can you explain the benefits of using a digital currency exchange that provides FDIC sweep accounts?
1 answers
- Saya ZhangOct 17, 2020 · 5 years agoBYDFi, a digital currency exchange, offers FDIC sweep accounts as one of its features. This means that your funds are protected by FDIC insurance, providing an extra layer of security. In addition, the automatic transfer of excess funds into interest-bearing accounts allows you to earn passive income on your idle funds. This feature is especially useful for traders who want to make the most of their funds. Overall, using a digital currency exchange with FDIC sweep accounts like BYDFi can offer peace of mind and potential earnings for traders in the digital currency market.
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