Robinhood, the popular stock trading app, also allows you to buy, sell, and store cryptos, some at no cost. Thus, it is a solid choice for investors who don’t want to get into the complexities of crypto trading.[1]

I won’t speak much on it, because I can’t use Robinhood in my state. However, I know people who do use Robinhood and they love it (so I feel confident recommending it as an option).

Right now Robinhood offers free trading for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and a few other coins and offers alerts for a range of alts which they plan to allow trading on soon.

Robinhood is not available in all states, and the selection is still limited, but it is in the process of expanding its reach. On the plus side, they are insured, respectable, and allow USD trading (so for what they do, they are in theory a solid choice).

TIP: You can’t yet withdraw or deposit crypto in Robinhood. They do however offer commission free trading.

NOTE: The coins and states listed below are subject to change, see this page for the most recent list.

Here is what you need to know:

Robinhood Crypto supports buying, selling and real-time market data for (you can trade these coins):

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)

Robinhood Crypto also supports real-time market data for the following (you can track these coins):

  • Bitcoin Gold (BTG)
  • Dash (DASH)
  • Lisk (LSK)
  • Monero (XMR)
  • NEO (NEO)
  • OmiseGO (OMG)
  • Qtum (QTUM)
  • Ripple (XRP)
  • Stellar (XLM)
  • Zcash (ZEC)

Robinhood Crypto is currently available to customers in the following states:

  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Florida
  • Georgia
  • Indiana
  • Iowa
  • Massachusetts
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • New Jersey
  • New Mexico
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Rhode Island
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Wisconsin
  • Wyoming

From what I understand more states and coins will be coming soon.

Keep in mind this list is subject to change, see an up-to-date availability list at Robinhood.

Sign up for Robinhood crypto here.

Citations

  1. Robinhood official site.

What do you think?

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James Overton on

wha if i liven the us virginislands?

Thomas DeMichele on

Pretty sure Robinhood doesn’t operate there, I updated the list and provided a clearer link for the future though.

Thomas DeMichele on

Honestly, a good solution for the Virgin Islands is a combo like Coinbase + Binance or Coinbase + Bitrrex. I don’t think Robinhood is there yet.