Are there any restrictions on the number of times I can buy and sell crypto on Robinhood?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, there are some restrictions on the number of times you can buy and sell crypto on Robinhood. The platform has a pattern day trading rule, which applies to users who make four or more day trades within a five-day period. If you're classified as a pattern day trader, you must maintain a minimum account balance of $25,000. If your account balance drops below this threshold, you won't be able to day trade until you meet the minimum requirement again. However, if you're not classified as a pattern day trader, there are no specific restrictions on the number of trades you can make.
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• Dec 28, 2021 · 3 years ago
  Trading cryptocurrencies on Robinhood is generally unrestricted. You can buy and sell crypto as frequently as you want, as long as you're not classified as a pattern day trader. It's important to note that frequent trading can still have tax implications, so make sure to consult with a tax professional to understand the tax consequences of your trading activities.
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• Dec 28, 2021 · 3 years ago
  As a representative of BYDFi, I can confirm that there are no restrictions on the number of times you can buy and sell crypto on Robinhood. You have the freedom to trade cryptocurrencies as frequently as you wish. However, it's important to consider your trading strategy and the potential risks associated with frequent trading. Always do your own research and make informed decisions when it comes to trading cryptocurrencies.
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