Can I set a limit on the average cost of my cryptocurrency purchases on Robinhood?

7 answers

• CheezzAug 11, 2021 · 4 years ago
  Yes, you can set a limit on the average cost of your cryptocurrency purchases on Robinhood. When placing an order, you have the option to set a limit price, which is the maximum price you are willing to pay for the cryptocurrency. If the market price exceeds your limit price, the order will not be executed. This allows you to control the average cost of your purchases and avoid buying at a higher price than you intended. It's a useful feature for managing your investment strategy.
  485

  243
• eleventyseven11Nov 03, 2023 · 2 years ago
  Absolutely! Robinhood provides a feature called 'limit orders' that allows you to set a maximum price you are willing to pay for a cryptocurrency. When the market price reaches or falls below your specified limit price, the order will be executed. This way, you can ensure that you don't end up buying at a higher average cost than you intended. It's a great tool for managing your cryptocurrency purchases on Robinhood.
  420

  140
• darwo froushOct 27, 2020 · 5 years ago
  Yes, you can set a limit on the average cost of your cryptocurrency purchases on Robinhood. By using the 'limit order' feature, you can specify the maximum price you are willing to pay for a particular cryptocurrency. If the market price exceeds your limit, the order will not be executed. This feature allows you to have more control over your purchases and helps you avoid buying at a higher average cost than you intended. It's a handy tool for managing your investments on Robinhood.
  487

  122
• Merritt EgholmFeb 15, 2023 · 3 years ago
  When it comes to setting a limit on the average cost of your cryptocurrency purchases, Robinhood has got you covered. With their 'limit order' feature, you can specify the maximum price you are willing to pay for a cryptocurrency. If the market price exceeds your limit, the order will not be executed. This feature allows you to have better control over your purchases and ensures that you don't end up buying at a higher average cost than you intended. It's a valuable tool for managing your cryptocurrency investments on Robinhood.
  534

  107
• Bruun CooleyMay 17, 2022 · 3 years ago
  Setting a limit on the average cost of your cryptocurrency purchases on Robinhood is indeed possible. You can use the 'limit order' feature to specify the maximum price you are willing to pay for a cryptocurrency. If the market price goes beyond your limit, the order will not be executed. This feature empowers you to have more control over your purchases and prevents you from buying at a higher average cost than you intended. It's a smart move to manage your cryptocurrency investments on Robinhood.
  503

  84
• manasveer6Aug 26, 2022 · 3 years ago
  Yes, you can set a limit on the average cost of your cryptocurrency purchases on Robinhood. The platform offers a 'limit order' feature that allows you to specify the maximum price you are willing to pay for a cryptocurrency. If the market price exceeds your limit, the order will not be executed. This feature ensures that you have control over your purchases and helps you avoid buying at a higher average cost than you intended. It's a useful tool for managing your cryptocurrency investments.
  496

  71
• lianyiNov 03, 2021 · 4 years ago
  At BYDFi, we believe in empowering users to have control over their cryptocurrency purchases. While Robinhood does not offer the ability to set a limit on the average cost of your cryptocurrency purchases, they do provide a 'limit order' feature that allows you to specify the maximum price you are willing to pay for a cryptocurrency. This feature ensures that you have control over your purchases and helps you avoid buying at a higher average cost than you intended. It's a valuable tool for managing your investments on Robinhood.
  534

  67