What are the restrictions for day trading cryptocurrencies with a cash account?

1 answers

• Ritter NiebuhrJan 26, 2021 · 5 years ago
  As an expert at BYDFi, I can provide you with insights into the restrictions for day trading cryptocurrencies with a cash account. One important limitation is that day trading with a cash account means you can only use the funds you have deposited into your account. You cannot use leverage or borrow money to increase your trading power. Additionally, some platforms may have specific rules regarding the number of day trades you can make within a certain period. It's crucial to check the terms and conditions of your chosen platform to ensure compliance. Remember, day trading can be highly volatile, so it's important to have a solid understanding of the restrictions and risks involved.
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