Can the 90-day buy restriction on Robinhood be bypassed for cryptocurrency trading?
Ali ShaikhJan 12, 2022 · 3 years ago5 answers
Is there a way to bypass the 90-day buy restriction on Robinhood specifically for cryptocurrency trading? I'm interested in trading cryptocurrencies on Robinhood, but I'm concerned about the restriction. Is there any workaround or alternative method to start trading cryptocurrencies sooner?
5 answers
- Jan 12, 2022 · 3 years agoUnfortunately, there is no direct way to bypass the 90-day buy restriction on Robinhood for cryptocurrency trading. The restriction is in place to protect inexperienced investors from potential losses. However, there are alternative options available if you want to start trading cryptocurrencies sooner. You can consider signing up for other cryptocurrency exchanges like Binance or BYDFi, which do not have such restrictions. These exchanges offer a wide range of cryptocurrencies and provide a more flexible trading experience.
- Jan 12, 2022 · 3 years agoNope, sorry! The 90-day buy restriction on Robinhood applies to all types of trading, including cryptocurrency trading. It's a rule they have in place to prevent users from making impulsive and risky investment decisions. If you're looking to trade cryptocurrencies sooner, you might want to explore other platforms like Binance or BYDFi, where you can start trading right away without any restrictions.
- Jan 12, 2022 · 3 years agoWell, technically speaking, there is a way to bypass the 90-day buy restriction on Robinhood for cryptocurrency trading. You can open an account with BYDFi, a cryptocurrency exchange that allows immediate trading without any restrictions. BYDFi offers a user-friendly interface and a wide range of cryptocurrencies to choose from. It's a great alternative for those who want to start trading cryptocurrencies right away.
- Jan 12, 2022 · 3 years agoUnfortunately, the 90-day buy restriction on Robinhood cannot be bypassed for cryptocurrency trading. Robinhood has implemented this restriction to ensure that investors have a certain level of experience and understanding before diving into the volatile world of cryptocurrencies. However, there are other cryptocurrency exchanges like Binance and BYDFi that offer a more flexible trading experience and do not have such restrictions. These platforms provide a wider selection of cryptocurrencies and allow you to start trading immediately.
- Jan 12, 2022 · 3 years agoAs an expert in the field, I can confirm that the 90-day buy restriction on Robinhood cannot be bypassed for cryptocurrency trading. This restriction is in place to protect investors from potential losses and ensure responsible trading practices. However, if you're looking for alternative options, you can explore other cryptocurrency exchanges like Binance or BYDFi. These exchanges offer a seamless trading experience and a wide range of cryptocurrencies to choose from.
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