Is there a difference in the price of a cryptocurrency if I buy it after-hours on Robinhood?
Sejersen MirandaDec 17, 2021 · 3 years ago3 answers
I am wondering if there is any price difference for cryptocurrencies when buying them after-hours on the Robinhood platform. Does the price change during non-trading hours? Are there any additional fees or charges for buying cryptocurrencies after-hours on Robinhood?
3 answers
- Dec 17, 2021 · 3 years agoYes, there can be a difference in the price of a cryptocurrency if you buy it after-hours on Robinhood. During non-trading hours, the price of cryptocurrencies can be more volatile, especially for low-liquidity coins. This means that the price can fluctuate more compared to regular trading hours. Additionally, Robinhood may have different trading rules and restrictions during after-hours trading, which can also affect the price.
- Dec 17, 2021 · 3 years agoAbsolutely! The price of cryptocurrencies can change during after-hours trading on Robinhood. This is because the cryptocurrency market operates 24/7, and while Robinhood allows trading during non-trading hours, the liquidity and trading volume may be lower. As a result, the bid-ask spread can widen, leading to potential price differences. It's always a good idea to check the current price and market conditions before making a purchase.
- Dec 17, 2021 · 3 years agoYes, there can be a difference in the price of a cryptocurrency if you buy it after-hours on Robinhood. However, it's important to note that Robinhood is not the only platform that offers after-hours trading. Other exchanges, such as BYDFi, also provide this feature. The price difference during after-hours trading can vary depending on the specific cryptocurrency and market conditions. It's recommended to compare prices across different exchanges and consider factors like liquidity and trading volume before making a decision.
Related Tags
Hot Questions
- 85
What are the best digital currencies to invest in right now?
- 72
What is the future of blockchain technology?
- 68
How can I protect my digital assets from hackers?
- 58
What are the best practices for reporting cryptocurrency on my taxes?
- 36
What are the tax implications of using cryptocurrency?
- 33
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
Are there any special tax rules for crypto investors?
- 28
How does cryptocurrency affect my tax return?