Does Robinhood's day trade protection apply to all cryptocurrencies or only certain ones?

7 answers

• Sara HyariSep 04, 2021 · 4 years ago
  Yes, Robinhood's day trade protection applies to all cryptocurrencies available on their platform. This means that you can enjoy the benefits of this protection when trading any digital currency on Robinhood. It is designed to prevent users from being labeled as pattern day traders and facing restrictions on their trading activities.
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• PAN-YANJan 14, 2022 · 4 years ago
  Absolutely! Robinhood's day trade protection covers all cryptocurrencies offered on their platform. So, whether you're trading Bitcoin, Ethereum, or any other digital currency, you can take advantage of this protection. It's a great feature that allows you to trade freely without worrying about being classified as a pattern day trader.
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• Sonic2kOct 11, 2022 · 3 years ago
  Yes, Robinhood's day trade protection applies to all cryptocurrencies listed on their platform. This includes popular options like Bitcoin, Ethereum, and Litecoin, as well as lesser-known altcoins. So, no matter which digital currency you're trading, you can enjoy the benefits of this protection.
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• Lukas NeubauerNov 20, 2021 · 4 years ago
  Indeed, Robinhood's day trade protection extends to all cryptocurrencies available for trading on their platform. This means that you can trade popular cryptocurrencies like Bitcoin and Ethereum, as well as other altcoins, without being subject to pattern day trading restrictions. It's a valuable feature that ensures a level playing field for all traders.
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• Tranberg HvassSep 01, 2022 · 3 years ago
  Yes, Robinhood's day trade protection covers all cryptocurrencies supported on their platform. This includes major cryptocurrencies like Bitcoin, Ethereum, and Ripple, as well as a wide range of altcoins. So, regardless of the digital currency you choose to trade, you can enjoy the benefits of this protection.
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• Sri MadhuJan 14, 2024 · 2 years ago
  Yes, Robinhood's day trade protection applies to all cryptocurrencies listed on their platform. This means that you can trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as other altcoins, without worrying about pattern day trading restrictions. It's a great feature that ensures a fair and secure trading experience.
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• Bernalyn MalabananApr 28, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, offers day trade protection for all cryptocurrencies available on their platform. This means that you can trade any digital currency on BYDFi without being classified as a pattern day trader. It's a valuable feature that allows you to trade freely and take advantage of market opportunities.
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