Are there any limitations or restrictions for day trading on Robinhood with cryptocurrencies?

1 answers

• May 17, 2022 · 3 years ago
  When it comes to day trading cryptocurrencies on Robinhood, it's important to note that there are some limitations and restrictions. Robinhood currently supports a limited number of cryptocurrencies, so you may not have access to all the coins you want to trade. Additionally, Robinhood has specific trading hours, so you can only execute trades during those times. Lastly, Robinhood has pattern day trading rules, which means if you make more than three day trades within a five-day period, your account may be flagged as a pattern day trader and you'll need to meet certain requirements to continue day trading. Keep these limitations and restrictions in mind when using Robinhood for day trading.
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