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Can I use Robinhood to buy and sell digital currencies?

avatarSteve MahindDec 30, 2021 · 3 years ago3 answers

Is it possible to use Robinhood, a popular stock trading app, to buy and sell digital currencies like Bitcoin and Ethereum?

Can I use Robinhood to buy and sell digital currencies?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, you can use Robinhood to buy and sell digital currencies. Robinhood offers a feature called Robinhood Crypto, which allows users to trade cryptocurrencies commission-free. You can buy and sell Bitcoin, Ethereum, and other popular cryptocurrencies directly through the Robinhood app. Just keep in mind that Robinhood Crypto is currently available in select states only.
  • avatarDec 30, 2021 · 3 years ago
    Absolutely! Robinhood is not just limited to stocks, but also offers the ability to trade digital currencies. With Robinhood Crypto, you can easily buy and sell Bitcoin, Ethereum, and other cryptocurrencies right from your phone. It's a convenient and user-friendly platform for both beginners and experienced traders.
  • avatarDec 30, 2021 · 3 years ago
    Yes, you can use Robinhood to buy and sell digital currencies. However, it's important to note that Robinhood Crypto is a separate account from your Robinhood stock trading account. This means that your funds and assets in each account are kept separate. Robinhood Crypto also operates as a self-directed individual cash or margin brokerage account, which means you can only access it through the Robinhood app.