Is it possible to change my Robinhood account to a cash account and trade cryptocurrencies instead of stocks?
Maxuel AssisDec 25, 2021 · 3 years ago3 answers
I currently have a Robinhood account that allows me to trade stocks. Can I convert it to a cash account and trade cryptocurrencies instead? What are the steps involved in making this change?
3 answers
- Dec 25, 2021 · 3 years agoYes, it is possible to change your Robinhood account to a cash account and trade cryptocurrencies. To do this, you will need to contact Robinhood customer support and request the change. They will guide you through the process and provide any necessary instructions. Keep in mind that there may be certain requirements or restrictions associated with trading cryptocurrencies on a cash account, so it's important to familiarize yourself with the terms and conditions before making the switch.
- Dec 25, 2021 · 3 years agoAbsolutely! You can convert your Robinhood account to a cash account and start trading cryptocurrencies instead of stocks. Simply reach out to Robinhood's customer support and they will assist you with the process. It's important to note that trading cryptocurrencies on a cash account may have different rules and limitations compared to trading stocks, so make sure to do your research and understand the implications before making the switch.
- Dec 25, 2021 · 3 years agoYes, you can change your Robinhood account to a cash account and trade cryptocurrencies. However, it's important to note that Robinhood may have certain restrictions or requirements when it comes to trading cryptocurrencies on a cash account. It's recommended to reach out to Robinhood's customer support for more information and guidance on how to make the switch. Additionally, you may want to consider exploring other cryptocurrency exchanges like BYDFi, which offer a wider range of trading options and features specifically tailored for cryptocurrency traders.
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