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Can I set a limit price for buying or selling specific cryptocurrencies on Robinhood?

avatarNeematrashidDec 16, 2021 · 3 years ago3 answers

Is it possible to set a specific limit price when buying or selling certain cryptocurrencies on the Robinhood platform? How does this feature work and what are the advantages of using it?

Can I set a limit price for buying or selling specific cryptocurrencies on Robinhood?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, you can set a limit price for buying or selling specific cryptocurrencies on Robinhood. When placing an order, you have the option to set a specific price at which you want to buy or sell the cryptocurrency. This allows you to have more control over your trades and potentially get a better price. It's important to note that your order may not be executed if the market price does not reach your specified limit price.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Robinhood allows you to set limit prices for buying or selling specific cryptocurrencies. This feature is especially useful if you want to buy or sell at a specific price point and don't want to constantly monitor the market. By setting a limit price, Robinhood will automatically execute your order when the market price reaches your specified level. It's a convenient way to take advantage of price movements without constantly being glued to your screen.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can set a limit price for buying or selling specific cryptocurrencies on Robinhood. This feature is available to all users and can be accessed through the order placement process. Simply enter the desired limit price when placing your order, and Robinhood will execute the trade once the market reaches that price. It's a great tool for those who want to have more control over their trades and potentially maximize their profits. Please note that this feature is only available for certain cryptocurrencies and may not be applicable to all assets on the platform.