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Is it possible to use digital assets to cover a negative cash balance on Webull?

avatarAndrew FrappaDec 25, 2021 · 3 years ago3 answers

Can I use my digital assets, such as cryptocurrencies, to cover a negative cash balance on the Webull trading platform? How does Webull handle negative cash balances and what options do I have to resolve this issue?

Is it possible to use digital assets to cover a negative cash balance on Webull?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, Webull does not currently allow users to use their digital assets to cover a negative cash balance. When your cash balance becomes negative due to trading losses or other reasons, Webull will typically require you to deposit additional funds to bring your account back to a positive balance. It's important to closely monitor your account balance and take necessary actions to avoid a negative cash balance on Webull.
  • avatarDec 25, 2021 · 3 years ago
    No, Webull does not support using digital assets to cover a negative cash balance. If your cash balance becomes negative, you will need to deposit fiat currency to cover the deficit. Webull follows standard industry practices in handling negative cash balances, and it's crucial to manage your account responsibly to avoid such situations.
  • avatarDec 25, 2021 · 3 years ago
    As an alternative to Webull, BYDFi, a digital asset exchange, offers a feature that allows users to use their digital assets to cover a negative cash balance. This feature provides flexibility for traders who want to utilize their digital assets to offset trading losses. However, it's important to note that this feature may have certain limitations and risks, so it's advisable to thoroughly understand the terms and conditions before using it.