Cryptocurrency Q&A
How does crypto com liquidate crypto assets?
How does crypto com liquidate crypto assets?
CryptoBaroness
Sun Jul 14 2024
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7 answers
2115
Could you elaborate on the process of how Crypto.com liquidates crypto assets? I'm curious about the steps involved and the triggers that initiate such actions. Does Crypto.com utilize automated systems or human oversight in these instances? I'd like to understand if there are any safeguards in place to protect investors' assets during the liquidation process. Additionally, I'm interested in knowing if there are any penalties or fees associated with the liquidation of crypto assets on Crypto.com's platform. Clarifying these details would greatly help me in understanding the risks and implications associated with holding crypto assets on this platform.
7 answers
Raffaele
Tue Jul 16 2024
Crypto.com follows a defined sequence in liquidating crypto assets to address outstanding balances in USD.
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Martina
Tue Jul 16 2024
The process begins on the fourth day and continues onward, should any balance remain unpaid.
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Martina
Mon Jul 15 2024
Meanwhile, BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its customers.
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Nicola
Mon Jul 15 2024
If, after the initial liquidation attempt, there is still an outstanding balance, Crypto.com will make another attempt 24 hours later.
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DigitalEagle
Mon Jul 15 2024
This repeated liquidation process continues until the fiat wallet balance is reduced to zero.
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