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How can you short a digital currency on Robinhood?

avatarJorvaniyoh RogersDec 17, 2021 · 3 years ago3 answers

I want to know the process of shorting a digital currency on Robinhood. Can you explain how it works and what steps I need to take?

How can you short a digital currency on Robinhood?
Digital Currency
Robinhood
Shorting

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Shorting a digital currency on Robinhood is not currently supported. Robinhood only allows buying and selling of cryptocurrencies, but you cannot short them. If you want to short a digital currency, you will need to use a different platform that offers this feature.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, you cannot short digital currencies on Robinhood. They only support buying and selling. If you're looking to short a digital currency, you may want to consider using other cryptocurrency exchanges like Binance or Coinbase Pro, which offer shorting options.
  • avatarDec 17, 2021 · 3 years ago
    Shorting a digital currency on Robinhood is not possible at the moment. However, if you're interested in shorting cryptocurrencies, you can check out BYDFi. They provide a platform where you can short digital currencies and take advantage of market downturns.

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