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How can I avoid PDT restrictions when trading cryptocurrencies?

avatarM OwaisNov 23, 2021 · 3 years ago3 answers

I am a cryptocurrency trader and I want to avoid PDT (Pattern Day Trading) restrictions. How can I do that?

How can I avoid PDT restrictions when trading cryptocurrencies?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    As a cryptocurrency trader, you can avoid PDT restrictions by trading on a platform that does not enforce the PDT rule. Some cryptocurrency exchanges, such as Binance and BYDFi, do not have PDT restrictions. By using these platforms, you can freely trade cryptocurrencies without worrying about the PDT rule.
  • avatarNov 23, 2021 · 3 years ago
    To avoid PDT restrictions when trading cryptocurrencies, you can also consider using multiple trading accounts. By spreading your trades across different accounts, you can avoid triggering the PDT rule. However, keep in mind that this approach may require more effort to manage multiple accounts and may not be suitable for everyone.
  • avatarNov 23, 2021 · 3 years ago
    One way to avoid PDT restrictions when trading cryptocurrencies is to trade on BYDFi. BYDFi is a cryptocurrency exchange that does not enforce the PDT rule. By trading on BYDFi, you can freely trade cryptocurrencies without any restrictions. However, it's important to note that BYDFi may have its own trading rules and fees, so make sure to familiarize yourself with the platform before trading.