What are the steps to close a Scottrade account and transfer the funds to a cryptocurrency exchange?

1 answers

• Nov 28, 2021 · 3 years ago
  Closing a Scottrade account and transferring the funds to a cryptocurrency exchange is a straightforward process. Here's what you need to do: 1. Log in to your Scottrade account and navigate to the account closure section. 2. Follow the instructions provided to close your account. Make sure to withdraw any remaining funds to your bank account. 3. Once your Scottrade account is closed, choose a reputable cryptocurrency exchange like Binance, Coinbase, or Kraken. 4. Create an account on the chosen cryptocurrency exchange. You'll need to provide some personal information and complete the verification process. 5. After your account is set up, go to the deposit section and select the cryptocurrency you want to deposit. 6. Generate a deposit address for the selected cryptocurrency and copy it. 7. Return to your Scottrade account and initiate a withdrawal. Paste the deposit address you copied from the cryptocurrency exchange. 8. Confirm the withdrawal and wait for the funds to be transferred. The time it takes can vary depending on network congestion. 9. Once the funds are successfully transferred, you can start trading cryptocurrencies on the exchange. Remember to always double-check the deposit address and follow the security measures recommended by the cryptocurrency exchange. I hope this helps! If you have any more questions, feel free to ask.
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