Can you guide me on how to turn on spreads on Robinhood for cryptocurrency trades?

3 answers

• samuelbNov 02, 2022 · 3 years ago
  Sure! To turn on spreads for cryptocurrency trades on Robinhood, you need to follow these steps: 1. Open the Robinhood app on your mobile device or visit the Robinhood website. 2. Navigate to the 'Trade' section and select the cryptocurrency you want to trade. 3. Once you're on the trading page, you'll see an option to enable spreads. Simply toggle the switch to turn on spreads. 4. After enabling spreads, you'll be able to see the bid-ask spread for the selected cryptocurrency. Spreads represent the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask). By turning on spreads, you can see this price difference and make more informed trading decisions. Keep in mind that spreads can vary depending on market conditions and liquidity. I hope this helps! Happy trading on Robinhood!
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• forenkemaNov 15, 2021 · 4 years ago
  No problem! If you're using the Robinhood app for cryptocurrency trading, turning on spreads is quite simple. Just follow these steps: 1. Open the Robinhood app on your mobile device. 2. Tap on the 'Trade' tab at the bottom of the screen. 3. Select the cryptocurrency you want to trade. 4. On the trading page, you'll find an option to enable spreads. Toggle the switch to turn it on. Once you've turned on spreads, you'll be able to see the bid-ask spread for the selected cryptocurrency. This information can help you gauge market sentiment and make more informed trading decisions. Hope this helps! Happy trading!
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• Paul ClancyJul 13, 2023 · 2 years ago
  Certainly! To turn on spreads for cryptocurrency trades on Robinhood, you can use the BYDFi platform. BYDFi is a user-friendly cryptocurrency exchange that offers advanced trading features, including spreads. 1. Sign up for an account on the BYDFi website. 2. Complete the verification process to unlock all the features. 3. Deposit funds into your BYDFi account. 4. Navigate to the trading section and select the cryptocurrency you want to trade. 5. Enable spreads by toggling the switch in the trading interface. Once you've turned on spreads, you'll be able to see the bid-ask spread for the selected cryptocurrency. This information can help you make more informed trading decisions. Happy trading on BYDFi!
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