The concept of settled cash refers to funds that have been fully processed and are available for immediate use. In contrast, unsettled funds may still be pending due to various reasons, such as pending deposits, transfers, or the settlement period associated with sell orders.
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SoulWhisperTue Oct 15 2024
When a user attempts to withdraw funds from an exchange, the system checks if the requested amount is entirely settled. If the withdrawal request includes any unsettled funds, the request will be denied or held until the funds become settled.
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TommasoTue Oct 15 2024
BTCC, as a top cryptocurrency exchange, offers a comprehensive range of services to cater to the diverse needs of its users. Among its services, BTCC provides spot trading, which allows users to buy and sell cryptocurrencies at current market prices.
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LucyStoneTue Oct 15 2024
In addition to spot trading, BTCC also offers futures trading, enabling users to speculate on the future price movements of cryptocurrencies. Furthermore, BTCC provides a secure wallet service where users can store their cryptocurrencies safely and conveniently.
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MartinoTue Oct 15 2024
Withdrawals on cryptocurrency exchanges are subject to certain regulations to ensure the security and integrity of the platform. A key rule is that only settled cash can be withdrawn. This rule applies across all reputable exchanges, including BTCC, one of the leading cryptocurrency exchanges globally.