In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Robinhood crypto review

  • Matt Miczulski's headshot
Robinhood Crypto
Go to site
This is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Our verdict

Trade 15 cryptocurrencies with full control on Robinhood Crypto's user-friendly platform.

Robinhood is a solid option for both beginner and intermediate cryptocurrency investors. It charges no commissions to buy or sell crypto, supports 15 coins, eight of which are among the top 20 cryptos by market cap, and offers 24/7 customer support. Invest with as little as 1.

Robinhood doesn’t lend your crypto or leverage against it and most crypto on the platform is held in cold storage. You also have complete control of your crypto, with no fees to transfer your crypto in and out of Robinhood.

For experienced crypto investors, Robinhood’s limited list of tradable coins might not suffice. Robinhood Crypto also isn’t available nationwide. Nevada and Hawaii residents currently don’t have access to Robinhood Crypto.

Pros

  • Full control of your crypto. Transfer crypto into and out of your Robinhood Crypto account with no deposit or withdrawal fees.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Robinhood Crypto
Fiat Currencies USD
Cryptocurrencies BTC, BCH, ETH, LTC, XLM, DOGE, LINK, UNI, XTZ & 27 more
Deposit Methods Bank transfer
Cash
Debit card
Trading Fee Maker: free
Taker: free

Listed Robinhood crypto exchange assets

Robinhood supports over 36 cryptocurrencies, but some notable assets are missing. Namely, Tether, BNB and Lido Staked Ether, which are in the top 20 cryptos by market cap. In total, 13 of the top 20 cryptos are available on Robinhood.

Popular assets on Robinhood
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
does not support
Tether (USDT)
does not support
BNB (BNB)
supports
Solana (SOL)
supports
USDC (USDC)
supports
XRP (XRP)
does not support
Lido Staked Ether (STETH)
supports
Dogecoin (DOGE)
does not support
TRON (TRX)
supports
Toncoin (TON)
supports
Cardano (ADA)
does not support
Wrapped stETH (WSTETH)
supports
Avalanche (AVAX)
supports
Shiba Inu (SHIB)
does not support
Wrapped Bitcoin (WBTC)
does not support
WETH (WETH)
supports
Bitcoin Cash (BCH)
supports
Chainlink (LINK)
supports
Polkadot (DOT)

Robinhood deposit methods

  • Bank transfer
  • Cash
  • Debit card

How to sign up on Robinhood exchange

Before you can even get started trading on Robinhood, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Robinhood's commitment to certifications and compliance with regulations and insurers.

  1. Get started
    After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your Robinhood account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on Robinhood.
Create Robinhood account

Using the Robinhood app

Buy and sell crypto, explore crypto assets and learn and earn crypto, all from Robinhood's integrated mobile app. The Robinhood Wallet app, a separate self-custody wallet, is also available for you to store and manage your crypto on the Ethereum, Bitcoin, Dogecoin, Polygon, Arbitrum, and Optimism networks.

Keeping your crypto secure

All centralised exchanges, including Robinhood, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$149

Alternatives to Robinhood

1 - 3 of 14
Name Product GXFCY Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Go to site
OFFER
Uphold - Digital Asset Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay

27

252

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Terms apply. Cryptoassets are highly volatile. Your capital is at risk.
Go to site

Capital at risk

View details
Finder Award
OFFER
eToro USA LLC Cryptocurrency Trading
Bank transfer, Debit card, PayPal, Wire transfer

6

105

Get $15 when you sign up and deposit $100 in your eToro account. T&Cs apply.
Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
Go to site

Capital at risk

View details
Finder Award
EXCLUSIVE
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking

6

261

Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Matt Finder

Editor, Investments

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site