Are there any restrictions or limitations when placing a limit buy order on Robinhood for crypto assets?

1 answers

• Nov 26, 2021 · 3 years ago
  When it comes to placing a limit buy order on Robinhood for crypto assets, there are a few things to consider. Firstly, Robinhood has a $1 minimum order size requirement for all cryptocurrencies. This means that you cannot place a limit buy order for an amount less than $1. Additionally, there may be limitations on the maximum order size for certain cryptocurrencies. It's important to check the specific details for each crypto asset before placing your order. Lastly, Robinhood may have restrictions on trading certain cryptocurrencies during periods of high market volatility. This is to protect users from potential risks associated with volatile markets. Overall, it's important to review the restrictions and limitations set by Robinhood before placing your limit buy order to ensure a smooth trading experience.
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