What are the requirements for shorting Bitcoin on Robinhood?

3 answers

• Dec 18, 2021 · 3 years ago
  To short Bitcoin on Robinhood, you need to have a Robinhood account and meet certain eligibility criteria. First, you must be at least 18 years old and have a valid Social Security number. Additionally, you need to have a Robinhood Gold account, which requires a minimum account balance of $2,000. Once you meet these requirements, you can start shorting Bitcoin on Robinhood by placing a sell order for Bitcoin and selecting the 'short' option.
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• Dec 18, 2021 · 3 years ago
  Shorting Bitcoin on Robinhood is quite simple. All you need is a Robinhood account and some funds to cover your short position. Just log in to your Robinhood account, navigate to the Bitcoin trading page, and select the 'sell' option. From there, you can choose the 'short' option to initiate a short position. Keep in mind that shorting Bitcoin carries its own risks, so make sure to do your research and understand the potential downsides before proceeding.
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• Dec 18, 2021 · 3 years ago
  Shorting Bitcoin on Robinhood requires a Robinhood Gold account. With Robinhood Gold, you'll have access to additional buying power and extended trading hours. To get started, simply sign up for a Robinhood account and apply for Robinhood Gold. Once approved, you can short Bitcoin by placing a sell order and selecting the 'short' option. Remember to closely monitor your positions and set stop-loss orders to manage your risk effectively.
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