Which digital currencies can be traded on a cash account?

3 answers

• Jan 12, 2022 · 3 years ago
  Sure! When it comes to trading digital currencies on a cash account, you have several options. Some popular digital currencies that can be traded on a cash account include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These are widely accepted and available on most cryptocurrency exchanges. Remember to check with your specific exchange to see which digital currencies they support for cash account trading.
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• Jan 12, 2022 · 3 years ago
  Absolutely! Trading digital currencies on a cash account allows you to avoid the risks associated with margin trading. In addition to the previously mentioned cryptocurrencies, you may also be able to trade other popular digital currencies like Cardano (ADA), Polkadot (DOT), and Chainlink (LINK) on a cash account. It's always a good idea to research and stay updated on the latest digital currencies supported by your chosen exchange.
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• Jan 12, 2022 · 3 years ago
  Yes, you can trade digital currencies on a cash account. Many exchanges, including BYDFi, offer the option to trade digital currencies without margin or leverage. This allows you to have full control over your trades and eliminates the risk of liquidation. Some of the popular digital currencies available for cash account trading on BYDFi include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). Make sure to check the specific requirements and limitations of your chosen exchange for cash account trading.
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