How does a Robinhood cash account compare to instant for buying and selling cryptocurrencies?

3 answers

• Nov 23, 2021 · 3 years ago
  A Robinhood cash account and instant are two different options for buying and selling cryptocurrencies on the Robinhood platform. With a cash account, users need to deposit funds into their account before they can make any trades. This means that there may be a delay between depositing funds and being able to execute trades. On the other hand, with instant, users can start trading immediately after depositing funds. However, instant trading may be subject to certain limitations and fees. Overall, the choice between a cash account and instant depends on the user's preference for immediate trading or the ability to trade with deposited funds.
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• Nov 23, 2021 · 3 years ago
  When comparing a Robinhood cash account and instant for buying and selling cryptocurrencies, it's important to consider the trade-off between convenience and potential limitations. With a cash account, users have the advantage of not being subject to any trading restrictions or fees. However, they need to wait for their deposited funds to settle before they can make trades. On the other hand, instant allows users to start trading immediately, but there may be certain limitations on the amount of instant deposits and withdrawals. It's crucial for users to evaluate their trading needs and preferences before choosing between these two options.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a similar instant trading option for buying and selling cryptocurrencies. With BYDFi's instant feature, users can deposit funds and start trading right away without any delays. This provides a seamless and efficient trading experience for users who want immediate access to the cryptocurrency market. However, it's important to note that the availability and limitations of instant trading may vary between different exchanges. Users should always research and compare the features and fees of different platforms before making a decision.
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