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How can I set a limit order on Robinhood for buying Bitcoin?

avatarClayton McleodDec 25, 2021 · 3 years ago1 answers

I'm new to Robinhood and I want to know how to set a limit order for buying Bitcoin. Can someone guide me through the process step by step?

How can I set a limit order on Robinhood for buying Bitcoin?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    Certainly! Here's a step-by-step guide to setting a limit order on Robinhood for buying Bitcoin: 1. Open the Robinhood app on your smartphone. 2. Search for Bitcoin in the app's search bar and select it. 3. Tap on the 'Trade' button at the bottom of the screen. 4. Choose 'Buy' and then select 'Limit Order'. 5. Enter the price at which you want to buy Bitcoin. 6. Specify the quantity of Bitcoin you wish to purchase. 7. Review your order details and tap 'Review' to proceed. 8. Finally, tap 'Place Order' to submit your limit order. That's it! Your limit order for buying Bitcoin on Robinhood will be placed and executed once the price reaches the limit you set.