Are there any restrictions or limitations when day trading on Cash App with digital currencies?
SchmidtDec 19, 2021 · 3 years ago1 answers
What are the restrictions or limitations that I should be aware of when day trading on Cash App with digital currencies?
1 answers
- Dec 19, 2021 · 3 years agoWhen day trading on Cash App with digital currencies, it's important to be aware of the restrictions and limitations that may apply. Cash App currently supports a limited number of digital currencies for trading, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. This means you won't have access to the wide range of altcoins available on other exchanges. Additionally, there may be limits on the amount you can trade in a single transaction or within a certain time period. These limits are in place to comply with regulatory requirements and prevent money laundering. It's also worth noting that Cash App may have specific rules or regulations regarding day trading that you need to be aware of. Make sure to read and understand their terms of service before engaging in day trading on Cash App.
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