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Robinhood crypto review

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Robinhood Crypto
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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
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Details

Product details

Product Name Robinhood Crypto
Fiat Currencies USD
Cryptocurrencies BTC, BCH, ETH, LTC, XLM, DOGE, LINK, UNI, XTZ, SOL, PEPE, XPR, ADA & 6 more
Deposit Methods Bank transfer
Cash
Debit card
Trading Fee Maker: free
Taker: free

Listed Robinhood crypto exchange assets

Robinhood supports over 19 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, 10 of the top 20 cryptos are available on Robinhood.

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

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

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Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

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Matt Finder

Editor, Investments

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