What happens to my funds when I sell Litecoin on Binance?

7 answers

• red cabarcasJan 12, 2021 · 5 years ago
  When you sell Litecoin on Binance, the funds from the sale will be credited to your account balance. However, the availability of these funds for withdrawal depends on the type of trading you are engaged in. If you are using a spot trading account, the funds will be immediately available for withdrawal. However, if you are using a futures trading account, there may be a settlement period before you can withdraw the funds. It is important to check the specific terms and conditions of your trading account to understand the withdrawal availability.
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• Ion CiocaMay 25, 2021 · 4 years ago
  Once you sell Litecoin on Binance, the funds will be converted into your account's base currency, such as USDT or BTC. The converted funds will then be available for withdrawal or further trading. It is important to note that there may be transaction fees associated with selling Litecoin, so make sure to review the fee structure on Binance's website.
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• Satish MauryaSep 07, 2021 · 4 years ago
  When you sell Litecoin on Binance, the funds will be credited to your account balance. However, the availability of these funds for withdrawal may vary depending on the current market conditions and trading volume. It is recommended to check the withdrawal options and any potential withdrawal limits on Binance's platform.
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• Jawad YTOct 04, 2021 · 4 years ago
  After selling Litecoin on Binance, the funds will be immediately available for withdrawal. Binance is known for its fast and efficient trading system, ensuring that you can access your funds without delay. However, please note that withdrawal fees may apply, so it's important to review the fee structure on Binance's website before making any withdrawals.
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• Dede SabilAug 07, 2020 · 5 years ago
  When you sell Litecoin on Binance, the funds will be credited to your account balance. However, the availability of these funds for withdrawal may depend on the specific trading pair and liquidity of the market. It is recommended to check the withdrawal options and any potential withdrawal limits on Binance's platform.
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• Ranga Rao BanothOct 14, 2022 · 3 years ago
  When you sell Litecoin on Binance, the funds will be credited to your account balance. However, the availability of these funds for withdrawal may be subject to a short settlement period. During this period, the funds will be temporarily locked and cannot be withdrawn. Once the settlement period is over, the funds will be available for withdrawal. The duration of the settlement period may vary depending on the trading pair and market conditions.
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• Andy AndyMar 13, 2023 · 3 years ago
  BYDFi is a decentralized finance platform that allows users to trade cryptocurrencies directly from their wallets. When you sell Litecoin on Binance, the funds will be credited to your account balance. However, the availability of these funds for withdrawal may vary depending on the specific trading pair and liquidity of the market. It is recommended to check the withdrawal options and any potential withdrawal limits on Binance's platform.
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