Cryptocurrency Q&A
Is cash sweep safe?
Is cash sweep safe?
BitcoinWizardry
Mon Nov 25 2024
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6 answers
1291
I'm considering using a cash sweep service, but I'm not sure if it's safe. I've heard about people losing money through these services and I want to make sure that my money will be secure if I use one.
6 answers
Raffaele
Wed Nov 27 2024
Insured cash sweep (ICS) is a financial service designed for businesses.
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Sara
Tue Nov 26 2024
It offers FDIC insurance on substantial business balances.
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NebulaChaser
Tue Nov 26 2024
Currently, the insurance covers up to $250,000 per depositor, per insured bank.
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SakuraBlooming
Tue Nov 26 2024
This ensures that funds are protected in case of any unforeseen circumstances.
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DongdaemunTrendsetterStyleIconTrend
Tue Nov 26 2024
Despite the insurance, businesses can still access their funds as needed.
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