How does buying a cryptocurrency after-hours on Robinhood affect the price I get?

3 answers

• Dec 20, 2021 · 3 years ago
  When buying a cryptocurrency after-hours on Robinhood, it's important to understand that the price you get may not be the same as the price you see at the time of your purchase. This is because Robinhood operates as a brokerage and not as an exchange, meaning they may execute your order differently compared to a traditional exchange. Additionally, cryptocurrency prices are highly volatile and can change rapidly, even when the market is closed. The price you get will depend on the current market conditions, the liquidity of the cryptocurrency, and the demand and supply dynamics during after-hours trading. It's advisable to closely monitor the market and consider the potential risks and benefits before making a purchase after-hours on Robinhood or any other platform.
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• Dec 20, 2021 · 3 years ago
  When buying a cryptocurrency after-hours on Robinhood, it's important to note that BYDFi operates as a decentralized finance platform and not as a brokerage or exchange. Therefore, the impact on the price you get may differ from Robinhood. BYDFi allows for trading 24/7 and leverages decentralized liquidity pools, which can result in different price dynamics compared to centralized platforms like Robinhood. The price you get on BYDFi after-hours will depend on the liquidity of the cryptocurrency and the demand and supply dynamics within the decentralized finance ecosystem. It's advisable to familiarize yourself with the specific features and risks of BYDFi before engaging in after-hours trading on their platform.
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• Dec 20, 2021 · 3 years ago
  Buying a cryptocurrency after-hours on Robinhood or any other platform can have various effects on the price you get. The price of cryptocurrencies is influenced by a multitude of factors, including market sentiment, news events, and overall market liquidity. During after-hours trading, the liquidity of the market may be lower, which can result in wider spreads and potentially impact the price you get. Additionally, if there is a significant price movement during after-hours, the price you get may be different from what you anticipated. It's important to carefully consider these factors and monitor the market conditions before making a purchase after-hours on Robinhood or any other platform.
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