Can You Day Trade Crypto Reddit. Doing this many times over the course of the trading day is how you win here. Before day trading bitcoin or any other altcoins, it’s prudent to.
Since the crypto market is a relatively new asset class, it has led to significant price swings. According to the post, paypal’s system flagged his frequent cryptocurrency buying and selling as “item sales.” Based on the definition, you may wonder if buying and selling cryptocurrencies within the same day makes you a day trader.
You will now need to set up a day trading order.
I am all too familiar with buying high and selling low. Another important aspect to day trading cryptocurrency is that you set yourself a stop loss. 25, a redditor with the moniker “thecooldoc” revealed that paypal has permanently banned his account for day trading crypto. After five years, only 7% remain.
