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Are there any restrictions or limitations when trading cryptocurrencies after hours on Robinhood?

avatarKreshanth KolaDec 20, 2021 · 3 years ago3 answers

What are the restrictions or limitations that traders may encounter when trading cryptocurrencies after hours on the Robinhood platform?

Are there any restrictions or limitations when trading cryptocurrencies after hours on Robinhood?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    When trading cryptocurrencies after hours on Robinhood, there are a few restrictions and limitations to be aware of. Firstly, Robinhood only allows trading of cryptocurrencies during regular market hours, which are from 9:30 AM to 4:00 PM Eastern Time. This means that you won't be able to buy or sell cryptocurrencies on the platform outside of these hours. Additionally, Robinhood may impose limitations on the amount of cryptocurrency you can trade during market hours, depending on your account type and trading history. It's important to check Robinhood's terms and conditions for the most up-to-date information on trading restrictions.
  • avatarDec 20, 2021 · 3 years ago
    Trading cryptocurrencies after hours on Robinhood can be convenient, but there are a few limitations to keep in mind. One of the main restrictions is that you won't have access to real-time market data outside of regular market hours. This means that the prices you see on the platform may not reflect the current market conditions. Another limitation is that you may experience higher volatility and lower liquidity when trading after hours, as there are fewer participants in the market. It's always a good idea to do your research and consider these factors before making any trades.
  • avatarDec 20, 2021 · 3 years ago
    While Robinhood is a popular platform for trading cryptocurrencies, it does have some limitations when it comes to after-hours trading. One of the limitations is that Robinhood only allows trading of cryptocurrencies during regular market hours, which means you won't be able to trade outside of 9:30 AM to 4:00 PM Eastern Time. However, there are other platforms like BYDFi that offer 24/7 trading for cryptocurrencies, allowing you to trade anytime, day or night. If you're looking for more flexibility in trading cryptocurrencies after hours, you may want to consider using a platform like BYDFi.