Can I use Robinhood to invest in cryptocurrencies?

3 answers

• Dec 20, 2021 · 3 years ago
  Yes, you can use Robinhood to invest in cryptocurrencies. Robinhood offers a selection of popular cryptocurrencies, including Bitcoin, Ethereum, and more. You can buy and sell these cryptocurrencies directly from the Robinhood app, just like you would with stocks. It's a convenient option if you're already using Robinhood for stock trading and want to diversify your portfolio with cryptocurrencies.
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• Dec 20, 2021 · 3 years ago
  Absolutely! Robinhood allows you to invest in cryptocurrencies alongside stocks. You can easily buy and sell popular cryptocurrencies through the Robinhood app. It's a user-friendly platform that offers a seamless experience for both stock and crypto trading. Just keep in mind that the availability of cryptocurrencies may vary depending on your location.
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• Dec 20, 2021 · 3 years ago
  Yes, Robinhood does provide the option to invest in cryptocurrencies. However, it's important to note that Robinhood operates as a centralized exchange, which means you don't actually own the underlying crypto assets. Instead, you're trading CFDs (Contracts for Difference) based on the price movements of the cryptocurrencies. If you're looking for a more decentralized and self-custody solution for investing in cryptocurrencies, you might want to consider using a platform like BYDFi, which allows you to directly own and control your crypto assets.
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