Are there any workarounds to remove the day trading limit on Robinhood when trading digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  Unfortunately, there is no direct workaround to remove the day trading limit on Robinhood for digital currencies. The platform enforces this restriction to protect users from excessive risk and potential losses. However, you can still engage in day trading by diversifying your portfolio across multiple exchanges. By using other exchanges alongside Robinhood, you can continue to trade digital currencies without being limited by the day trading rule.
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• Nov 26, 2021 · 3 years ago
  Hey there! It's frustrating to deal with the day trading limit on Robinhood when you're into digital currencies. While there's no magic trick to remove the limit, you can explore other exchanges that offer more flexibility for day trading. Platforms like Binance and Coinbase Pro have higher trading limits and allow you to take advantage of short-term price movements without restrictions. Give them a try and see if they suit your trading needs!
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• Nov 26, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that Robinhood's day trading limit is indeed a challenge for digital currency traders. However, there are alternative solutions. One option is to open an account with a different exchange that doesn't have such strict limitations. By diversifying your trading across multiple platforms, you can effectively bypass the day trading limit and take full advantage of short-term price movements. Remember to do your research and choose a reputable exchange that aligns with your trading goals.
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