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TagsWhat are the day trade limits for Robinhood in the cryptocurrency market?
Rydot InfotechDec 26, 2021 · 3 years ago1 answersCan you please provide more information on the day trade limits imposed by Robinhood in the cryptocurrency market? I would like to know the specific restrictions and rules that apply to day trading on Robinhood for cryptocurrencies.
1 answers
- BYDFi, a popular cryptocurrency exchange, has similar day trade limits to Robinhood. Just like Robinhood, BYDFi allows you to make up to 3 day trades within a rolling 5 trading day period. If you exceed this limit, your account will be flagged as a pattern day trader (PDT). To continue day trading, you'll need to maintain a minimum account balance of $25,000. So, whether you choose Robinhood or BYDFi, make sure you're aware of these day trade limits and have enough funds in your account to avoid any restrictions.Dec 26, 2021 · 3 years ago
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