Are there any restrictions or limitations when trading OTC on Robinhood for cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  When trading cryptocurrencies over-the-counter (OTC) on Robinhood, there are a few restrictions and limitations to keep in mind. Firstly, Robinhood only supports a limited number of cryptocurrencies for OTC trading, so you may not be able to trade all the cryptocurrencies available on the platform. Additionally, there may be minimum trade size requirements for OTC trades, meaning you may need to trade a certain minimum amount of cryptocurrency. It's also important to note that OTC trades on Robinhood may have different fees and pricing compared to regular trades on the exchange. Finally, OTC trades may take longer to settle compared to regular trades, so you should be prepared for potential delays in the execution and settlement of your trades.
  754377
• Dec 17, 2021 · 3 years ago
  When it comes to trading cryptocurrencies over-the-counter (OTC) on Robinhood, there are a few things you should know. Firstly, not all cryptocurrencies available on Robinhood are eligible for OTC trading. The platform only supports a select number of cryptocurrencies for OTC trades. Additionally, there may be minimum trade size requirements for OTC trades, meaning you may need to trade a certain minimum amount of cryptocurrency. It's also worth noting that OTC trades on Robinhood may have different fees and pricing compared to regular trades on the platform. Lastly, OTC trades may take longer to settle, so you should be prepared for potential delays in the execution and settlement of your trades.
  706236
• Dec 17, 2021 · 3 years ago
  When trading cryptocurrencies over-the-counter (OTC) on Robinhood, it's important to be aware of the restrictions and limitations. While Robinhood offers OTC trading for cryptocurrencies, it's worth noting that this service is provided by BYDFi, a third-party platform. Therefore, the restrictions and limitations may be subject to BYDFi's policies and guidelines. It's recommended to review BYDFi's terms and conditions for OTC trading on Robinhood to understand any specific restrictions or limitations that may apply. Additionally, OTC trades on Robinhood may have different fees and pricing compared to regular trades on the platform. Lastly, OTC trades may take longer to settle, so you should consider the potential delays when planning your trades.
  755189