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Is it possible to use Robinhood to invest in digital currencies?

avatarKEVIN ESTEBAN RAMIREZ OSORIODec 20, 2021 · 3 years ago3 answers

Can I use the Robinhood platform to invest in digital currencies like Bitcoin and Ethereum?

Is it possible to use Robinhood to invest in digital currencies?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Yes, you can use Robinhood to invest in digital currencies. Robinhood offers a range of cryptocurrencies that you can buy and sell on their platform. It's a convenient option for those who already use Robinhood for stock trading and want to diversify their portfolio with digital assets. Just keep in mind that Robinhood's crypto offerings are limited compared to dedicated cryptocurrency exchanges.
  • avatarDec 20, 2021 · 3 years ago
    Definitely! Robinhood has expanded its services to include digital currencies. You can now trade popular cryptocurrencies like Bitcoin and Ethereum on the Robinhood platform. It's a user-friendly option for beginners who want to dip their toes into the world of digital currency investing. However, if you're looking for a wider selection of cryptocurrencies, you might want to consider other specialized exchanges.
  • avatarDec 20, 2021 · 3 years ago
    Yes, Robinhood does allow you to invest in digital currencies. With Robinhood, you can buy and sell cryptocurrencies like Bitcoin and Ethereum without paying any commission fees. It's a great option for those who are new to cryptocurrency investing and want a simple and easy-to-use platform. However, keep in mind that Robinhood's crypto offerings are limited compared to other exchanges like BYDFi, which provides a wider range of digital currencies for trading.