Examples of Crypto Account in a sentence
You understand that you may revoke this authorization at any time by terminating your Apex Crypto Account.
You further understand and acknowledge that you are not permitted to place an Order to purchase cryptocurrency unless you have enough non-margined funds available in your Brokerage Account, and that you are not permitted to place an Order to sell cryptocurrency unless you have enough cryptocurrency available in your Apex Crypto Account.
You understand and acknowledge that cryptocurrencies in your Apex Crypto Account are not held at Apex Clearing and that Apex Clearing is not involved in the purchase, sale, execution, custody, or trading of cryptocurrencies, and only takes instructions regarding transferring funds as described in this User Agreement.
Funds held in my Alpaca Crypto Account are insured up to $250,000 per depositor against the failure of the FDIC member bank.
Alpaca Crypto and the bank at which My Alpaca Crypto account is held are not members of FINRA or SIPC and therefore My funds held in the Alpaca Crypto Account are not SIPC protected.
I understand and acknowledge that My funds are treated differently and subject to separate regulatory regimes depending on whether or not such funds are held in My Account with Alpaca Securities LLC or if they are held in My Alpaca Crypto Account.
I understand and acknowledge that when accessing the Platform and engaging in various types of activity, including, without limitation, buying and selling cryptocurrency, that My funds will move from My Account to My Alpaca Crypto Account and vice versa, as detailed in this Section 11 and in the Alpaca Crypto Customer Agreement.
When placing a cryptocurrency buy order through My Alpaca Crypto Account I explicitly agree, acknowledge and instruct Alpaca to transfer necessary funds for the purchase price of such cryptocurrency from My Account to My Alpaca Crypto Account held with Alpaca Crypto.
I understand and acknowledge that the Platform is operated by each of Alpaca Securities LLC and Alpaca Crypto and that if I enter into the Alpaca Crypto Customer Agreement that I will have an Alpaca Crypto Account in addition to the Account provided by Alpaca Securities LLC.
Alpaca Crypto maintains My Alpaca Crypto Account at a bank which is a member of the Federal Deposit Insurance Corporation (“FDIC”).