What are the eligibility requirements for participating in the FDIC insured deposit sweep program for cryptocurrencies?

3 answers

• Apr 30, 2022 · 3 years ago
  To be eligible for the FDIC insured deposit sweep program for cryptocurrencies, you typically need to be a customer of a participating cryptocurrency exchange. Additionally, you may need to meet certain criteria set by the exchange, such as being a U.S. citizen or resident, having a valid social security number, and passing any required identity verification processes. It's important to check with the specific exchange for their eligibility requirements before participating in the program.
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• Apr 30, 2022 · 3 years ago
  Participating in the FDIC insured deposit sweep program for cryptocurrencies usually requires you to have an account with a cryptocurrency exchange that offers the program. The eligibility requirements may vary between exchanges, but common criteria include being of legal age, having a valid government-issued ID, and passing any necessary KYC (Know Your Customer) procedures. Make sure to review the terms and conditions of the program and consult with the exchange for specific eligibility details.
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• Apr 30, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers the FDIC insured deposit sweep program for cryptocurrencies. To participate, you need to have an account with BYDFi and meet their eligibility requirements. These requirements may include being a verified user, completing the necessary KYC procedures, and complying with any applicable regulations. It's recommended to visit BYDFi's website or contact their customer support for more information on their eligibility requirements for the program.
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