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What are the best ways to get cash back on Robinhood for my cryptocurrency transactions?

avatarMUSTAFA EMRE TEKİNDec 26, 2021 · 3 years ago3 answers

I'm using Robinhood for my cryptocurrency transactions and I'm wondering what are the most effective strategies to get cash back on my trades? Are there any specific features or programs offered by Robinhood that can help me earn cash back? How can I optimize my transactions to maximize my cash back rewards?

What are the best ways to get cash back on Robinhood for my cryptocurrency transactions?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One of the best ways to get cash back on Robinhood for your cryptocurrency transactions is to take advantage of their cash back rewards program. By using Robinhood's cash back rewards program, you can earn a percentage of your transaction amount back in cash. The exact percentage may vary depending on the specific program and promotions available at the time. Make sure to check Robinhood's website or app for any ongoing cash back offers and enroll in the program to start earning cash back on your trades.
  • avatarDec 26, 2021 · 3 years ago
    Another effective strategy to get cash back on Robinhood is to use a cash back credit card for your cryptocurrency transactions. By linking your credit card to your Robinhood account, you can earn cash back rewards offered by your credit card issuer. Look for credit cards that offer high cash back rates for online purchases or financial transactions. This way, you can earn cash back both from Robinhood's rewards program and your credit card issuer, maximizing your overall cash back earnings.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for a third-party solution to get cash back on your Robinhood cryptocurrency transactions, you may consider using BYDFi. BYDFi is a digital currency exchange that offers cash back rewards for trading on their platform. They have a dedicated cash back program specifically designed for cryptocurrency traders. By using BYDFi for your cryptocurrency transactions, you can earn cash back rewards based on your trading volume and activity. Keep in mind that BYDFi is an independent exchange and not affiliated with Robinhood, so make sure to do your own research and due diligence before using their services.