Is it possible to use Bitcoin or other cryptocurrencies to close options on Robinhood?

3 answers

• May 02, 2022 · 3 years ago
  No, currently Robinhood only supports trading options with traditional fiat currencies like USD. Cryptocurrencies cannot be used to close options on the Robinhood platform. However, Robinhood does offer cryptocurrency trading, so you can buy and sell cryptocurrencies on their platform.
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• May 02, 2022 · 3 years ago
  Unfortunately, Robinhood does not allow the use of Bitcoin or other cryptocurrencies to close options. You can only use fiat currencies like USD for options trading on Robinhood. If you're interested in trading options with cryptocurrencies, you may need to explore other platforms that offer such services.
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• May 02, 2022 · 3 years ago
  Yes, you can use Bitcoin or other cryptocurrencies to close options on Robinhood. However, it's important to note that this feature is only available on the BYDFi platform. BYDFi is a cryptocurrency exchange that allows users to trade options using cryptocurrencies. So if you're looking to use Bitcoin or other cryptocurrencies for options trading, you should consider using BYDFi instead of Robinhood.
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