How does the fdic insured cash in td ameritrade work for digital currency investments?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! When it comes to digital currency investments, TD Ameritrade offers FDIC insured cash accounts. This means that the cash you deposit into your TD Ameritrade account is protected by the Federal Deposit Insurance Corporation (FDIC), just like a traditional bank account. In the event that TD Ameritrade fails, your cash deposits, up to the FDIC insurance limit, are protected and you will be reimbursed. It's important to note that this protection only applies to the cash portion of your account, not the digital currencies themselves.
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• Dec 26, 2021 · 3 years ago
  The FDIC insured cash in TD Ameritrade works by providing protection for the cash portion of your account. This means that if TD Ameritrade were to fail, your cash deposits, up to the FDIC insurance limit, would be protected and you would receive reimbursement. However, it's important to understand that this protection only applies to the cash and not the digital currencies you hold in your account. So, while your cash is insured, the digital currencies are not.
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• Dec 26, 2021 · 3 years ago
  Yes, the FDIC insured cash in TD Ameritrade works for digital currency investments. This means that the cash you deposit into your TD Ameritrade account is protected by the FDIC, just like a regular bank account. In the event that TD Ameritrade fails, your cash deposits, up to the FDIC insurance limit, are insured and you will be reimbursed. However, it's important to note that this protection only applies to the cash portion of your account and not the digital currencies themselves. So, while your cash is safe, the digital currencies are not covered by FDIC insurance.
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