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Can I choose to receive dividends in a specific cryptocurrency on Robinhood?

avatarBoris LouchartDec 28, 2021 · 3 years ago5 answers

Is it possible to select a specific cryptocurrency to receive dividends on Robinhood? I want to know if I can choose to receive dividends in a particular digital currency instead of traditional fiat currency.

Can I choose to receive dividends in a specific cryptocurrency on Robinhood?

5 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, as of now, Robinhood does not offer the option to receive dividends in a specific cryptocurrency. Dividends are typically paid out in the form of cash or additional shares of the stock you own. However, Robinhood does support trading various cryptocurrencies, so you can buy and sell them on the platform.
  • avatarDec 28, 2021 · 3 years ago
    No, Robinhood currently does not allow users to receive dividends in a specific cryptocurrency. Dividends are distributed in the currency of the stock or asset you hold. If you own stocks that pay dividends, you will receive the dividend payment in cash or additional shares of the stock.
  • avatarDec 28, 2021 · 3 years ago
    While Robinhood does not provide the option to receive dividends in a specific cryptocurrency, there are other platforms like BYDFi that offer this feature. BYDFi allows users to choose the cryptocurrency they want to receive dividends in, providing more flexibility and options for investors.
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently support receiving dividends in a specific cryptocurrency. Dividends are typically paid out in the currency of the stock or asset you hold. However, you can still trade and invest in various cryptocurrencies on Robinhood.
  • avatarDec 28, 2021 · 3 years ago
    No, Robinhood does not offer the ability to receive dividends in a specific cryptocurrency. Dividends are distributed in the currency of the stock or asset you own. If you're interested in receiving dividends in a specific cryptocurrency, you may want to explore other exchanges or platforms that provide this functionality.