What are the advantages of using cash sweep vs cash balance in the world of cryptocurrencies?

3 answers

• May 05, 2022 · 3 years ago
  Cash sweep is a feature that automatically transfers excess funds from your trading account to an interest-bearing account. This can help you earn passive income on your idle funds while still having them readily available for trading. With cash sweep, you can maximize the potential returns on your cryptocurrencies without sacrificing liquidity.
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• May 05, 2022 · 3 years ago
  Using cash sweep in the world of cryptocurrencies allows you to take advantage of the volatile nature of the market. By automatically transferring excess funds to an interest-bearing account, you can earn interest on your idle funds and potentially increase your overall returns. This feature provides a convenient way to optimize your trading strategy and make the most out of your cryptocurrency investments.
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• May 05, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers cash sweep as a feature to its users. With cash sweep, you can enjoy the benefits of earning interest on your idle funds while still having them easily accessible for trading. It's a great way to make your money work for you in the world of cryptocurrencies.
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