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Why is my cash on Robinhood locked and not available for trading cryptocurrencies?

avatarriteshDec 26, 2021 · 3 years ago1 answers

I have cash in my Robinhood account, but it is locked and I cannot use it to trade cryptocurrencies. Why is this happening?

Why is my cash on Robinhood locked and not available for trading cryptocurrencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we understand that different platforms may have different policies and restrictions when it comes to trading cryptocurrencies. While I cannot speak specifically for Robinhood, it is common for exchanges to have measures in place to ensure the security and compliance of their platforms. It is possible that the locking of your cash on Robinhood is a security measure or a temporary restriction imposed by the platform. To get a clear understanding of the situation, it is best to contact Robinhood support directly and inquire about the specific reasons for the cash lock.