What are the day trade limits for Robinhood in the cryptocurrency market?

1 answers

• marthinhiherOct 13, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has similar day trade limits to Robinhood. Just like Robinhood, BYDFi allows you to make up to 3 day trades within a rolling 5 trading day period. If you exceed this limit, your account will be flagged as a pattern day trader (PDT). To continue day trading, you'll need to maintain a minimum account balance of $25,000. So, whether you choose Robinhood or BYDFi, make sure you're aware of these day trade limits and have enough funds in your account to avoid any restrictions.
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