How to trade crypto on robinhood

how to trade crypto on robinhood

Cryptocurrency keeps to upward push in reputation. With a giant quantity of cryptocurrency apps to pick out from, many are left pressured about that’s excellent.

For most buyers, comfort is one of the top factors whilst choosing amongst trading apps. Unfortunately, most of the crypto apps that are available offer the ability to exchange crypto best. Thus, in case you need to look all your investments in a single area, then you definitely could should have a couple of trading apps.

While that is nonetheless an choice, Robinhood has currently simply announced their today’s feature: crypto wallets. In this text, we’re going to provide a brief summary of the new Robinhood crypto wallet. But first, allow’s fast review Robinhood.

What is Robinhood?

Robinhood, launched in 2013, is a swish trading app that features fee loose trades and a significant wide variety of features. Before 2013, buying and selling stocks and ETFs often came with hefty commissions and fees. Robinhood’s challenge was to democratize investing and permit all and sundry an possibility.

With that project came commission free trades and fractional shares. In addition to these two capabilities, Robinhood buyers also have access to options buying and selling, cryptocurrency, margin, IPO investing, and greater.

Currently, Robinhood gives buyers the ability to change the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin SV, Bitcoin Cash, and Ethereum Classic.

Be sure to test out our full evaluate on Robinhood to analyze extra!

Robinhood Crypto Wallet

Before, the choices procedure to switch crypto into or out of Robinhood required selling your function, shifting budget lower back into your financial institution account, and in the end moving those finances either into Robinhood or the trading app of your preference.

Clearly, this changed into a cumbersome procedure.

Robinhood crypto wallets will permit buyers to move their crypto in or out of Robinhood with a few easy taps. With a wallet, it is straightforward to send your crypto to different wallet addresses and get hold of supported cryptocurrencies into your Robinhood account. The beauty of that is that you’ll be capable of consolidate your cash into one account so it’s less complicated to track your portfolio. In Robinhood, you may also experience fee loose trades on crypto!

Robinhood is likewise making additional efforts with regard to safety and ease. The wallet has been designed to be intuitive, with safety functions together with identity verification, multi-component authentication, and electronic mail and contact verification to keep cash secure from hacks and different threats.

You can currently request to enroll in the choices waitlist to check out this new function first!

Robinhood Crypto Wallet: Final Thoughts

With a big selection of new buying and selling apps, dealing with your portfolio is turning into ever more difficult. With the brand new Robinhood crypto pockets, you’ll now be capable of without problems manipulate your crypto holdings with the relaxation of your investments.

Be certain to test out the brand new wallet within the Robinhood app and be a part of the waitlist!

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