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Is it possible to trade cryptocurrencies with 0 withdrawable cash on Robinhood?

avatarSaqlain AnsariDec 20, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to trade cryptocurrencies on Robinhood without having any withdrawable cash in my account. Can I still participate in the crypto market and make trades with zero funds available for withdrawal?

Is it possible to trade cryptocurrencies with 0 withdrawable cash on Robinhood?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Yes, it is possible to trade cryptocurrencies on Robinhood even if you have zero withdrawable cash. Robinhood allows users to trade cryptocurrencies with the funds they have available for trading, regardless of whether those funds can be withdrawn or not. So, you can still participate in the crypto market and make trades with zero funds available for withdrawal. However, it's important to note that you won't be able to transfer the profits from your trades out of Robinhood until you have withdrawable cash in your account.
  • avatarDec 20, 2021 · 3 years ago
    Absolutely! Robinhood allows you to trade cryptocurrencies with zero withdrawable cash. This means that you can still buy and sell cryptocurrencies using the funds available for trading in your account, even if you don't have any cash that can be withdrawn. It's a great way to get started in the crypto market without needing a large amount of capital upfront. Just keep in mind that you won't be able to withdraw any profits until you have cash available for withdrawal in your account.
  • avatarDec 20, 2021 · 3 years ago
    Yes, you can trade cryptocurrencies on Robinhood with zero withdrawable cash. Robinhood's platform allows users to trade cryptocurrencies using the funds they have available for trading, regardless of whether those funds can be withdrawn or not. This means that you can still participate in the crypto market and make trades, even if you don't have any cash that can be withdrawn. However, it's important to manage your trades carefully and ensure that you have enough funds available for withdrawal if you want to take profits out of Robinhood.