How many day trades am I allowed to execute with cryptocurrencies on Robinhood?

3 answers

• Dec 15, 2021 · 3 years ago
  As per the Pattern Day Trading (PDT) rule, if you have a Robinhood Instant or Robinhood Gold account, you are allowed to execute up to three day trades within a rolling five trading day period. However, if your account balance is less than $25,000, you will be classified as a pattern day trader and will be restricted from executing further day trades for 90 days. It's important to note that this rule applies to all securities, including cryptocurrencies, traded on Robinhood.
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• Dec 15, 2021 · 3 years ago
  When it comes to day trading cryptocurrencies on Robinhood, the PDT rule still applies. If you have a Robinhood Instant or Robinhood Gold account, you can make up to three day trades within a rolling five trading day period. However, if your account balance is below $25,000, you will be classified as a pattern day trader and will face restrictions on day trading for 90 days. It's crucial to be aware of these rules to avoid any limitations on your trading activities.
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• Dec 15, 2021 · 3 years ago
  According to the Pattern Day Trading (PDT) rule, you can execute up to three day trades within a rolling five trading day period on Robinhood, including cryptocurrencies. However, if you have a BYDFi account, you can enjoy unlimited day trades without any restrictions. So, if you're looking for more flexibility in day trading cryptocurrencies, BYDFi might be a suitable option for you.
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