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What is the daily trade limit for Robinhood in the cryptocurrency market?

avataramir hosseinDec 25, 2021 · 3 years ago3 answers

Can you please provide more information about the daily trade limit for Robinhood in the cryptocurrency market? I'm interested in knowing the maximum amount of cryptocurrency that can be traded in a single day on the Robinhood platform.

What is the daily trade limit for Robinhood in the cryptocurrency market?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The daily trade limit for Robinhood in the cryptocurrency market varies depending on the user's account type. For Robinhood Instant or Robinhood Gold accounts, the daily trade limit is $50,000. However, for Robinhood Cash accounts, the daily trade limit is $1,000. It's important to note that these limits apply to both buying and selling cryptocurrency on the platform. So, if you have a Robinhood Instant or Robinhood Gold account, you can trade up to $50,000 worth of cryptocurrency in a single day.
  • avatarDec 25, 2021 · 3 years ago
    The daily trade limit for Robinhood in the cryptocurrency market is determined by the user's account type. If you have a Robinhood Instant or Robinhood Gold account, you can trade up to $50,000 worth of cryptocurrency in a single day. However, if you have a Robinhood Cash account, the daily trade limit is $1,000. It's important to keep in mind that these limits apply to both buying and selling cryptocurrency on the platform.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a digital currency exchange, has a daily trade limit of $100,000 for cryptocurrency trading. However, it's important to note that this limit may vary depending on the user's account type and trading activity. If you're using BYDFi for cryptocurrency trading, make sure to check your account settings or contact customer support for the most up-to-date information on daily trade limits.