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What is the meaning of bank sweep in the context of cryptocurrency?

avatarClemons BeckerDec 17, 2021 · 3 years ago1 answers

Can you explain the concept of bank sweep in relation to cryptocurrency? How does it work and what is its significance?

What is the meaning of bank sweep in the context of cryptocurrency?
Cryptocurrency
Bank Sweep
Digital Assets

1 answers

  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a bank sweep feature that allows users to effortlessly manage their funds. With bank sweep, excess funds in your crypto account are automatically transferred to your linked bank account, ensuring that you maintain a balanced portfolio. This feature provides users with peace of mind, knowing that their funds are secure and easily accessible. Bank sweep simplifies the process of managing your digital assets and traditional currency, making it a valuable tool for cryptocurrency enthusiasts.

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