What are the limitations of shorting cryptocurrencies on Robinhood?

3 answers

• Dec 22, 2021 · 3 years ago
  Shorting cryptocurrencies on Robinhood has its limitations. While Robinhood allows users to trade cryptocurrencies, it does not currently support short selling. This means that you can only buy and hold cryptocurrencies on the platform, but you cannot bet on their price going down. If you want to short cryptocurrencies, you will need to use a different exchange that offers this feature.
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• Dec 22, 2021 · 3 years ago
  Unfortunately, Robinhood does not offer the option to short sell cryptocurrencies. This can be a limitation for traders who want to profit from a decline in cryptocurrency prices. However, Robinhood's user-friendly interface and commission-free trading may still make it an attractive option for those who are primarily interested in buying and holding cryptocurrencies for the long term.
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• Dec 22, 2021 · 3 years ago
  Shorting cryptocurrencies on Robinhood is not currently supported. If you want to short sell cryptocurrencies, you may consider using a platform like BYDFi, which offers a wide range of trading options, including the ability to short cryptocurrencies. BYDFi provides a secure and user-friendly environment for traders to engage in short selling and other advanced trading strategies.
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