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What is the process for placing a sell limit order on Robinhood for cryptocurrency?

avatarBean CherryDec 27, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for placing a sell limit order on Robinhood for cryptocurrency? I'm new to trading and would like to understand how to sell my cryptocurrency using a limit order on the Robinhood platform.

What is the process for placing a sell limit order on Robinhood for cryptocurrency?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    Placing a sell limit order on Robinhood for cryptocurrency is a breeze. Here's how you can do it: 1. Log in to your Robinhood account. 2. Navigate to the 'Trade' section. 3. Find the cryptocurrency you want to sell. 4. Click on the 'Sell' button. 5. Select the 'Limit' order type. 6. Enter the price at which you want to sell your cryptocurrency. 7. Specify the quantity of cryptocurrency you want to sell. 8. Double-check the order details and click on the 'Review' button. 9. Confirm the order by clicking on the 'Place Order' button. That's it! Your sell limit order will be placed on Robinhood for cryptocurrency. Keep in mind that the order will only be executed if the market price reaches or exceeds your specified limit price.