Robinhood currently supports buying and selling seven cryptocurrencies, including Bitcoin and Ethereum . The trading platform also provides real-time market data for another nine cryptocurrencies. Robinhood hopes to add more digital coins but is moving forward carefully.
Read moreIs Robinhood crypto legal?
Cryptocurrencies offered by Robinhood Crypto, LLC are not securities and are not FDIC insured or protected by SIPC. Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status .
Read moreIs Robinhood and Robinhood crypto the same?
Robinhood Crypto and Robinhood Financial Your cryptocurrency assets aren’t part of your Robinhood Financial account . Your brokerage account is with Robinhood Financial LLC and allows trading of stocks, ETFs and options, while cryptocurrency trading is done through an account with Robinhood Crypto, LLC.
Read moreCan you use Robinhood for crypto?
Robinhood Crypto Robinhood offers a few types of cryptocurrencies (like Bitcoin, Ethereum, Bitcoin Cash, and even Dogecoin), which you can buy and sell within the app .
Read moreWhy Robinhood is not good for crypto?
Robinhood is bad for cryptocurrency because it encourages short-sighted trading and devalues the overall market . As a result, it’s prone to speculative trades that may do financial damage to less-educated investors.
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