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What are the best digital currencies to trade on Robinhood without the PDT rule?

avatarbuztasNov 29, 2021 · 3 years ago4 answers

I'm looking for the top digital currencies that can be traded on Robinhood without being subject to the Pattern Day Trading (PDT) rule. Can you recommend any specific cryptocurrencies that meet this criteria? I want to make sure I can actively trade without the limitations imposed by the PDT rule.

What are the best digital currencies to trade on Robinhood without the PDT rule?
Digital Currencies
Robinhood
PDT Rule

4 answers

  • avatarNov 29, 2021 · 3 years ago
    Sure! One of the best digital currencies to trade on Robinhood without the PDT rule is Bitcoin (BTC). Bitcoin is the most well-known and widely traded cryptocurrency, and it is available for trading on Robinhood without any restrictions. With its high liquidity and market capitalization, Bitcoin offers ample trading opportunities without being subject to the PDT rule. Just keep in mind that the cryptocurrency market can be highly volatile, so it's important to do your research and manage your risk accordingly.
  • avatarNov 29, 2021 · 3 years ago
    If you're looking for alternatives to Bitcoin, Ethereum (ETH) is another popular digital currency available for trading on Robinhood without the PDT rule. Ethereum is the second-largest cryptocurrency by market capitalization and offers a wide range of trading opportunities. Additionally, Robinhood also supports other major cryptocurrencies like Litecoin (LTC) and Bitcoin Cash (BCH) without any PDT restrictions. These cryptocurrencies have established themselves in the market and can provide potential trading opportunities.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi is a digital currency exchange that offers a wide range of cryptocurrencies for trading, including some that are not available on Robinhood. While Robinhood is a great platform for beginners and offers a user-friendly interface, BYDFi provides more advanced trading features and a larger selection of digital currencies. If you're looking to explore a wider range of options and take advantage of advanced trading tools, BYDFi could be a good choice for you. However, it's important to note that BYDFi is a separate platform and not directly related to Robinhood.
  • avatarNov 29, 2021 · 3 years ago
    When it comes to trading digital currencies on Robinhood without the PDT rule, it's important to consider the market conditions and your own trading strategy. While Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are popular choices, it's always a good idea to diversify your portfolio and consider other cryptocurrencies as well. Keep an eye on the market trends, stay informed about the latest news and developments in the cryptocurrency space, and make informed trading decisions based on your own research and risk tolerance.

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