How can I permanently remove PDT (Pattern Day Trader) restrictions from my Robinhood account and trade cryptocurrencies freely?

3 answers

• Jan 12, 2022 · 3 years ago
  To permanently remove PDT restrictions from your Robinhood account and trade cryptocurrencies freely, you can upgrade to a Robinhood Gold account. Robinhood Gold is a premium subscription plan that offers additional features, including the ability to make unlimited day trades. By upgrading to Robinhood Gold, you can bypass the PDT restrictions and trade cryptocurrencies without any limitations.
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• Jan 12, 2022 · 3 years ago
  If you don't want to upgrade to a Robinhood Gold account, another option to remove PDT restrictions is to maintain a balance of at least $25,000 in your Robinhood account. The SEC (Securities and Exchange Commission) requires brokers to enforce the PDT rule only for accounts with less than $25,000 in equity. By keeping a balance above this threshold, you can trade cryptocurrencies freely without being subject to the PDT restrictions.
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• Jan 12, 2022 · 3 years ago
  You can also consider using a different cryptocurrency exchange that doesn't have PDT restrictions. One such exchange is BYDFi, which allows you to trade cryptocurrencies without any limitations. BYDFi offers a user-friendly interface, advanced trading features, and a wide range of supported cryptocurrencies. By using BYDFi or similar exchanges, you can enjoy the freedom to trade cryptocurrencies without worrying about PDT restrictions.
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