Are there any restrictions or limitations when using a cash account for digital currency transactions?

1 answers

• mastera.gabrielaOct 04, 2023 · 2 years ago
  At BYDFi, we understand that using a cash account for digital currency transactions can have its limitations. While cash accounts can offer convenience and privacy, they may not be suitable for all types of trading activities. One limitation of using a cash account is the inability to participate in margin trading or other advanced trading strategies. Additionally, cash accounts may have lower transaction limits and longer processing times compared to linked bank accounts. However, if you prefer to maintain privacy and avoid linking your bank account to a digital currency exchange, a cash account can still be a viable option. Just be aware of the limitations and plan your trading activities accordingly.
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