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Robinhood crypto review

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Robinhood Crypto
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Our verdict

Trade 15 cryptocurrencies with full control on Robinhood Crypto's user-friendly platform.

Robinhood is a solid option for both beginner and intermediate cryptocurrency investors. It charges no commissions to buy or sell crypto, supports 15 coins, eight of which are among the top 20 cryptos by market cap, and offers 24/7 customer support. Invest with as little as 1.

Robinhood doesn’t lend your crypto or leverage against it and most crypto on the platform is held in cold storage. You also have complete control of your crypto, with no fees to transfer your crypto in and out of Robinhood.

For experienced crypto investors, Robinhood’s limited list of tradable coins might not suffice. Robinhood Crypto also isn’t available nationwide. Nevada and Hawaii residents currently don’t have access to Robinhood Crypto.

Pros

  • Full control of your crypto. Transfer crypto into and out of your Robinhood Crypto account with no deposit or withdrawal fees.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Robinhood Crypto
Fiat Currencies USD
Cryptocurrencies BTC, BCH, ETH, LTC, XLM, DOGE, LINK, UNI, XTZ & 6 more
Deposit Methods Bank transfer
Cash
Debit card
Trading Fee Maker: free
Taker: free

Listed Robinhood crypto exchange assets

Robinhood supports over 15 cryptocurrencies, but some notable assets are missing. Namely, Tether, BNB and Solana, which are in the top 20 cryptos by market cap. In total, 9 of the top 20 cryptos are available on Robinhood.

Popular assets on Robinhood
supports
Bitcoin (BTC)
supports
Ethereum (ETH)
does not support
Tether (USDT)
does not support
BNB (BNB)
does not support
Solana (SOL)
supports
USDC (USDC)
does not support
Lido Staked Ether (STETH)
does not support
XRP (XRP)
supports
Dogecoin (DOGE)
does not support
Toncoin (TON)
does not support
Cardano (ADA)
supports
Shiba Inu (SHIB)
supports
Avalanche (AVAX)
does not support
Wrapped Bitcoin (WBTC)
does not support
TRON (TRX)
supports
Bitcoin Cash (BCH)
does not support
Polkadot (DOT)
supports
Chainlink (LINK)
does not support
Polygon (MATIC)
supports
Litecoin (LTC)

Robinhood deposit methods

  • Bank transfer
  • Cash
  • Debit card

How to sign up on Robinhood exchange

Before you can even get started trading on Robinhood, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Robinhood's commitment to certifications and compliance with regulations and insurers.

  1. Get started
    After selecting the Get Started button, fill in the create account form.
  2. Set up payment
    Before you can start trading, you have to add your bank account to your Robinhood account. There are several options to choose from, so choose the option most compatible.
  3. Provide identification
    Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
  4. Start trading
    After all that is processed, you're ready to trade on Robinhood.
Create Robinhood account

Using the Robinhood app

Buy and sell crypto, explore crypto assets and learn and earn crypto, all from Robinhood's integrated mobile app. The Robinhood Wallet app, a separate self-custody wallet, is also available for you to store and manage your crypto on the Ethereum, Bitcoin, Dogecoin, Polygon, Arbitrum, and Optimism networks.

Keeping your crypto secure

All centralised exchanges, including Robinhood, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
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Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
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KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
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Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
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  • Binance Pay works with Credencial Payments to support crypto payments
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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
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Matt Finder

Editor, Investments

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