How do I apply for cryptocurrency trading on Alpaca?
If you already have an account with Alpaca, go to the Account Configurations and switch the toggle next to ‘Crypto trading’.
What cryptocurrencies can I trade on Alpaca?
Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC).
What’s the trading hours for cryptocurrencies?
Crypto trading is available around the clock, 7 days a week.
Can I transfer cryptocurrency into/out of Alpaca?
You can buy and sell cryptocurrency on Alpaca. However, we do not support transferring crypto into or out of your account at this time.
Can I short sell crypto?
No. Cryptocurrency is not shortable.
What type of orders are available for crypto?
Market, Limit & Stop-limit orders. Regarding TIF (time-in-force) we have Day, GTC (good till cancel), IOC (immediate or cancel), Fill or Kill & Good Till Date.
What is the settlement period for crypto trades?
Crypto trades settle T+1. Trades done before 11pm CT are considered trade date (T). However, funds are always available for the next trade.
Can I use margin to trade crypto?
No. Cryptocurrency is considered non-marginable .
What are the trading rules for crypto trading?
Cryptocurrency is considered non-marginable. The Pattern Day Trader (PDT) rule applicable to stocks, DO NOT apply to cryptocurrency trades.