What options do I have to get rid of the 90-day limit on buying digital assets with Robinhood?
Alhaji Bunu MohammedDec 18, 2021 · 3 years ago7 answers
I recently started using Robinhood to buy digital assets, but I've encountered a 90-day limit on buying certain assets. Are there any options available to bypass or remove this limit? What can I do to get rid of the 90-day limit on buying digital assets with Robinhood?
7 answers
- Dec 18, 2021 · 3 years agoOne option to get rid of the 90-day limit on buying digital assets with Robinhood is to upgrade to Robinhood Gold. This premium subscription service offers a variety of benefits, including instant access to funds from selling stocks and access to extended trading hours. By upgrading to Robinhood Gold, you can bypass the 90-day limit and have more flexibility in buying digital assets.
- Dec 18, 2021 · 3 years agoUnfortunately, there is no direct way to remove the 90-day limit on buying digital assets with Robinhood. This limit is imposed by regulatory requirements and is designed to protect investors. However, you can still continue to invest in other assets that are not subject to this limit. It's important to understand and comply with the regulations in place to ensure a safe and legal investment experience.
- Dec 18, 2021 · 3 years agoIf you're looking for an alternative to Robinhood with no 90-day limit on buying digital assets, you might consider using BYDFi. BYDFi is a digital asset exchange that offers a wide range of cryptocurrencies and trading options. Unlike Robinhood, BYDFi does not impose a 90-day limit on buying digital assets, providing you with more flexibility and freedom in your investment strategy. However, it's important to do your own research and consider factors such as security, fees, and user experience before choosing a new platform.
- Dec 18, 2021 · 3 years agoTo get rid of the 90-day limit on buying digital assets with Robinhood, you can also explore other cryptocurrency exchanges that do not have this restriction. Some popular options include Binance, Coinbase, and Kraken. These exchanges offer a wider selection of digital assets and may have different policies regarding buying limits. It's important to compare the features and fees of different exchanges to find the one that best suits your investment needs.
- Dec 18, 2021 · 3 years agoRemoving the 90-day limit on buying digital assets with Robinhood can be frustrating, but it's important to remember that this limit is in place to protect investors and ensure a stable market. Instead of trying to bypass the limit, consider diversifying your investment strategy by exploring other assets or investment opportunities. By spreading your investments across different assets and platforms, you can mitigate risks and potentially achieve better returns in the long run.
- Dec 18, 2021 · 3 years agoWhile it can be frustrating to deal with the 90-day limit on buying digital assets with Robinhood, it's important to remember that this limit is in place for a reason. It helps prevent market manipulation and protects investors from making impulsive decisions. Instead of trying to find ways to bypass the limit, take this time to research and educate yourself about different digital assets and investment strategies. By building a solid foundation of knowledge, you'll be better equipped to make informed investment decisions once the 90-day limit is lifted.
- Dec 18, 2021 · 3 years agoIf you're looking to get rid of the 90-day limit on buying digital assets with Robinhood, one option is to consider using decentralized exchanges (DEXs). DEXs operate on blockchain technology and allow for peer-to-peer trading without the need for intermediaries. By using a DEX, you can bypass the restrictions imposed by centralized exchanges like Robinhood. However, it's important to note that DEXs may have their own limitations and risks, so it's crucial to do thorough research and understand the platform before engaging in any transactions.
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