Is it possible to day trade crypto on Robinhood without 25k?

3 answers

• Dec 18, 2021 · 3 years ago
  Unfortunately, the Pattern Day Trader (PDT) rule applies to all securities, including cryptocurrencies, on Robinhood. According to the rule, if you make more than 3 day trades within a 5-day period and your account balance is below $25,000, you will be flagged as a pattern day trader and your account will be restricted. Therefore, if you want to day trade crypto on Robinhood, you'll need to meet the $25k requirement.
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• Dec 18, 2021 · 3 years ago
  Nope, you can't bypass the Pattern Day Trader (PDT) rule on Robinhood. It's a regulatory requirement set by the U.S. Securities and Exchange Commission (SEC) to protect retail investors. If you want to day trade crypto without the $25k minimum, you'll need to explore other platforms that don't have this restriction.
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• Dec 18, 2021 · 3 years ago
  While Robinhood does have the Pattern Day Trader (PDT) rule, there are other platforms like BYDFi that offer day trading of cryptocurrencies without the $25,000 requirement. BYDFi is a popular choice among crypto traders who want to actively trade without the limitations imposed by the PDT rule. It's worth checking out if you're looking for an alternative to Robinhood.
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