For example, 50 USD will only be enough to purchase a fraction of a Bitcoin, whereas it would allow you to purchase multiple coins of lower-valued currencies, e.g. The screen will tell you how much in crypto your purchase will get you.Hitting the “buy” button will take you to a purchasing screen where you can enter the amount of fiat currency you would like to use to buy your crypto. The trade option will only be enabled if you already hold some of this crypto with Robinhood. Navigate to the bottom of the screen to choose either the “trade” or “buy” button.The page will have live pricing data at the top and a chart of activity spanning from “live” all the way through to historical data from five years ago. For example, if you select Ether, you will be taken to the Ether trading page. Once you have pulled up the list of available cryptocurrencies, make your selection to go to its page.Then, search for “crypto” to bring up a list of all tradeable cryptocurrencies, or search for the specific cryptocurrency you want to buy. Navigate to the search icon located at the bottom center of the screen.To purchase crypto on the Robinhood app you will need to: don’t currently offer crypto trading with Robinhood. This deposited amount is now your buying power to buy stocks and crypto via the app.Īll crypto trading is done through a separate Robinhood Crypto account, which some users may not be able to access depending on their state or country. You will need to transfer money from your bank account, which will be held as “brokerage cash” on the Robinhood platform.
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Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) - what are you waiting for? How to Buy Crypto on RobinhoodĪs a new investor on Robinhood, you can begin the crypto buying process by logging into your Robinhood account via the desktop or mobile apps. Join us in showcasing the cryptocurrency revolution, one newsletter at a time.
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