What is the day trade limit for Robinhood users in the cryptocurrency market?

3 answers

• ShopInShop FranchiseMay 24, 2023 · 2 years ago
  The day trade limit for Robinhood users in the cryptocurrency market is set at three trades within a rolling five business day period. This limit applies to both buying and selling of cryptocurrencies. If a user exceeds this limit, their account may be flagged as a pattern day trader and they will be required to maintain a minimum account balance of $25,000 to continue day trading. It's important to note that this day trade limit only applies to Robinhood users and may vary for users on other platforms.
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• Corneliussen NicolaisenFeb 24, 2024 · a year ago
  Hey there! The day trade limit for Robinhood users in the cryptocurrency market is three trades within a rolling five business day period. So, you can buy and sell cryptocurrencies up to three times in a week. But be careful, if you exceed this limit, your account might be flagged as a pattern day trader. In that case, you'll need to have at least $25,000 in your account to continue day trading. Keep in mind that this limit is specific to Robinhood and other platforms may have different rules.
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• Daren SelzerJan 04, 2024 · 2 years ago
  According to my research, the day trade limit for Robinhood users in the cryptocurrency market is set at three trades within a rolling five business day period. This means that you can buy or sell cryptocurrencies up to three times in a week. However, if you exceed this limit, your account may be flagged as a pattern day trader. To continue day trading, you'll need to maintain a minimum account balance of $25,000. It's worth noting that this limit is specific to Robinhood and may vary for users on other platforms.
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