What is the difference between webull buying power and settled cash in the context of cryptocurrency trading?

1 answers

• Mar 16, 2022 · 3 years ago
  In the context of cryptocurrency trading on the Webull platform, the difference between buying power and settled cash is quite simple. Buying power represents the total amount of funds you have available for trading, including both settled cash and unsettled funds. Settled cash, on the other hand, refers to the funds that have been fully processed and are immediately available for use. When you place a buy order, Webull will first use your settled cash, and if it's not enough, it will then utilize your buying power. It's important to keep track of your settled cash to avoid any trading restrictions or delays in executing your orders. Please note that this explanation applies specifically to Webull and may differ slightly on other trading platforms.
  758379