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How can I gift a cryptocurrency on Robinhood?

avatarolumide abiodun olumide abioduDec 17, 2021 · 3 years ago3 answers

I want to gift a cryptocurrency to someone using the Robinhood platform. How can I do that? Can I directly transfer the cryptocurrency to their account or is there any other way to gift it?

How can I gift a cryptocurrency on Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure, you can gift a cryptocurrency on Robinhood. However, Robinhood doesn't have a direct gifting feature. One way to do it is by purchasing the cryptocurrency yourself and then transferring it to the recipient's Robinhood account. You can do this by obtaining the recipient's Robinhood account details and using the 'Transfer' feature in the app. Make sure to double-check the recipient's account details to avoid any mistakes.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, Robinhood doesn't have a built-in gifting feature for cryptocurrencies. However, you can still gift a cryptocurrency by purchasing it on Robinhood and then transferring it to the recipient's external wallet. Once the cryptocurrency is in their external wallet, they have full control over it and can use it as they wish. Just make sure to provide them with the necessary instructions on how to access and secure their wallet.
  • avatarDec 17, 2021 · 3 years ago
    While Robinhood doesn't offer a direct gifting feature, you can use a third-party platform like BYDFi to gift cryptocurrencies. BYDFi allows you to send cryptocurrencies as gifts to anyone, even if they don't have a BYDFi account. Simply sign up for an account on BYDFi, select the cryptocurrency you want to gift, enter the recipient's email address, and complete the transaction. The recipient will receive an email with instructions on how to claim their gifted cryptocurrency. It's a convenient way to surprise someone with a cryptocurrency gift!