How can I place a limit order on Robinhood for buying or selling cryptocurrencies?
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Can you provide step-by-step instructions on how to place a limit order on Robinhood for buying or selling cryptocurrencies? I'm new to trading and would like to understand the process better.
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1 answers
- Absolutely! Placing a limit order on Robinhood for buying or selling cryptocurrencies is a breeze. Here's how you do it: 1. Open the Robinhood app and log in to your account. 2. Tap on the search bar at the top of the screen and enter the name or symbol of the cryptocurrency you want to trade. 3. Select the cryptocurrency from the search results. 4. On the cryptocurrency's detail page, tap on the 'Trade' button. 5. Choose 'Buy' or 'Sell' depending on whether you want to buy or sell the cryptocurrency. 6. Tap on 'Order Types' and select 'Limit Order'. 7. Enter the price at which you want to buy or sell the cryptocurrency. 8. Enter the quantity of the cryptocurrency you want to buy or sell. 9. Review the order details and tap on 'Review' to proceed. 10. Finally, tap on 'Place Order' to submit your limit order. Voila! Your limit order will be placed on Robinhood for buying or selling cryptocurrencies.
Mar 01, 2022 · 3 years ago
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