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Why is my robinhood account restricted from buying crypto

Why is my robinhood account restricted from buying crypto

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Why You Can't Withdraw Your Money From Robinhood
If your Robinhood account restriction is because brokerage firms suspect suspicious activity, then they may ask you to take additional steps. The most common reason here is that your Robinhood account has not yet been verified. If you want to verify your Robinhood account, you are. The broker can limit trading in an account with incorrect or old information. Also, accounts subject to fraud inquiring can be placed on.

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Other reasons include a negative balance in your account or making any suspicious transactions. Robinhood Wallet. Buying and selling crypto. This is a situation in which an individual is day trading too often or with too much money, or you lose too much funds by and enter a negative balance, and the platform sees this as potentially risky behaviour. Or trigger a sell should the bid price reach or drop below the stop price.

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