Are there any specific rules for day trading cryptocurrencies on Robinhood?

3 answers

• Mar 18, 2022 · 3 years ago
  When day trading cryptocurrencies on Robinhood, there are a few specific rules that you need to keep in mind. Firstly, you need to have a Robinhood Instant or Robinhood Gold account. Secondly, you must maintain a minimum account balance of $25,000. Lastly, you are limited to three day trades within a rolling five-day trading period. If you exceed this limit, your account will be flagged as a pattern day trader and you will be restricted from day trading for 90 days.
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• Mar 18, 2022 · 3 years ago
  Day trading cryptocurrencies on Robinhood comes with its own set of rules. To start, you'll need to have either a Robinhood Instant or Robinhood Gold account. Additionally, you'll need to maintain a minimum account balance of $25,000. Lastly, you'll be limited to three day trades within a five-day trading period. If you exceed this limit, your account will be classified as a pattern day trader and you'll be subject to a 90-day restriction on day trading.
  458153
• Mar 18, 2022 · 3 years ago
  When it comes to day trading cryptocurrencies on Robinhood, there are a few specific rules you need to be aware of. First, you'll need to have either a Robinhood Instant or Robinhood Gold account. Second, you'll need to maintain a minimum account balance of $25,000. Lastly, you'll be limited to three day trades within a rolling five-day trading period. If you go over this limit, your account will be flagged as a pattern day trader and you won't be able to day trade for 90 days.
  482121