Can I buy Bitcoin on Robinhood?

3 answers

• Dec 30, 2021 · 3 years ago
  Yes, you can buy Bitcoin on Robinhood. Robinhood is a popular investment platform that allows users to trade stocks, options, and cryptocurrencies, including Bitcoin. It offers a user-friendly interface and commission-free trading, making it a convenient option for buying Bitcoin.
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• Dec 30, 2021 · 3 years ago
  Absolutely! Robinhood offers Bitcoin trading alongside other cryptocurrencies. It's a great platform for beginners due to its simplicity and ease of use. Just keep in mind that you don't actually own the Bitcoin you buy on Robinhood, as you can't withdraw it to an external wallet. However, if you're looking for a convenient way to trade Bitcoin and other cryptocurrencies, Robinhood is a solid choice.
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• Dec 30, 2021 · 3 years ago
  Yes, you can buy Bitcoin on Robinhood. However, it's important to note that when you buy Bitcoin on Robinhood, you don't actually own the underlying asset. Robinhood operates on a fractional reserve system, which means they hold the Bitcoin on behalf of their users. This allows for instant trading and a seamless user experience, but it also means that you can't withdraw your Bitcoin to an external wallet. If you're comfortable with this arrangement, Robinhood can be a convenient option for buying Bitcoin.
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