How can I trade cryptocurrencies on Webull without being limited by the PDT rule?

3 answers

• Nov 28, 2021 · 3 years ago
  To trade cryptocurrencies on Webull without being limited by the PDT rule, you can consider opening a cash account instead of a margin account. With a cash account, you won't be subject to the PDT rule, which requires you to have a minimum account balance of $25,000 to make more than three day trades within a five-day period. However, please note that trading with a cash account means you can only use the settled funds in your account for trading, so you won't have access to instant deposits or intraday buying power.
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• Nov 28, 2021 · 3 years ago
  If you want to avoid the PDT rule while trading cryptocurrencies on Webull, another option is to trade using a different platform that doesn't enforce this rule. There are several cryptocurrency exchanges available that offer trading without the PDT restrictions. You can consider using platforms like Binance, Coinbase, or Kraken, which provide a wide range of cryptocurrencies and trading options. Just make sure to do your research and choose a reputable and secure exchange.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a solution to trade cryptocurrencies on Webull without being limited by the PDT rule. BYDFi allows users to connect their Webull account to their BYDFi account and trade cryptocurrencies seamlessly. With BYDFi, you can enjoy the benefits of trading cryptocurrencies on Webull while bypassing the PDT restrictions. It's a convenient option for traders who want to take advantage of Webull's features and avoid the limitations imposed by the PDT rule.
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