How can I deactivate the margin feature on Robinhood when trading cryptocurrencies?

3 answers

• Nov 27, 2021 · 3 years ago
  To deactivate the margin feature on Robinhood when trading cryptocurrencies, you can follow these steps: 1. Open the Robinhood app on your mobile device. 2. Tap on the 'Account' tab at the bottom right corner of the screen. 3. Scroll down and select 'Settings'. 4. Under the 'Investing' section, tap on 'Margin Investing'. 5. Toggle the switch to turn off the margin feature. By deactivating the margin feature, you will no longer be able to trade cryptocurrencies on margin, which means you won't be able to borrow money to increase your trading power. This can be a good option if you prefer to trade with your own funds and avoid the risks associated with margin trading.
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• Nov 27, 2021 · 3 years ago
  If you want to disable the margin feature on Robinhood when trading cryptocurrencies, you can easily do so by following these steps: 1. Open the Robinhood app on your smartphone. 2. Tap on the 'Account' tab located at the bottom right corner of the screen. 3. Scroll down and select 'Settings'. 4. Look for the 'Investing' section and tap on 'Margin Investing'. 5. Simply toggle the switch to turn off the margin feature. Once you deactivate the margin feature, you will no longer have the option to trade cryptocurrencies on margin. This means you won't be able to borrow funds to increase your trading position. However, it also eliminates the risk of potential losses that come with margin trading.
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• Nov 27, 2021 · 3 years ago
  To deactivate the margin feature on Robinhood when trading cryptocurrencies, you can follow these steps: 1. Open the Robinhood app on your mobile device. 2. Tap on the 'Account' tab at the bottom right corner of the screen. 3. Scroll down and select 'Settings'. 4. Under the 'Investing' section, tap on 'Margin Investing'. 5. Toggle the switch to turn off the margin feature. Please note that this answer is provided by BYDFi, a digital currency exchange platform. BYDFi offers a similar feature where you can activate or deactivate margin trading for cryptocurrencies. However, the process may vary slightly depending on the platform you are using. It's always a good idea to review the specific instructions provided by the exchange you are using to ensure you deactivate the margin feature correctly.
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