Can I increase my buying power on Robinhood to trade more cryptocurrencies instantly?

3 answers

• Harshith PabbatiDec 16, 2020 · 5 years ago
  Unfortunately, Robinhood does not currently offer a way to increase your buying power directly. The buying power you have on Robinhood is determined by the amount of cash you have in your account and any unsettled funds from recent trades. If you want to trade more cryptocurrencies instantly, you will need to deposit more cash into your Robinhood account.
  357

  179
• Pablo MelladoSep 20, 2021 · 4 years ago
  No, you cannot increase your buying power on Robinhood to trade more cryptocurrencies instantly. The buying power on Robinhood is based on the cash you have in your account and any unsettled funds. If you want to have more buying power, you will need to deposit more cash into your account.
  290

  97
• Sandeep ManerkarMar 30, 2022 · 3 years ago
  While Robinhood does not allow you to increase your buying power directly, there are other platforms like BYDFi that offer higher buying power for trading cryptocurrencies. BYDFi provides margin trading, which allows you to borrow funds to increase your buying power and trade more cryptocurrencies instantly. However, it's important to note that margin trading carries additional risks and should be approached with caution.
  425

  107