Robinhood crypto review
Our verdict
Trade 15 cryptocurrencies with full control on Robinhood Crypto's user-friendly platform.
Robinhood is a user-friendly online brokerage known for its commission-free trading. It allows for complete portfolio diversification through crypto, as well as stocks, exchange-traded funds (ETFs), options and futures. It also offers a debit card and a credit card, and private banking is coming in the fall of 2025. However, its limited number of cryptocurrencies and lack of advanced tools and resources compared to some competitors may leave day traders and experienced investors unsatisfied.
Pros
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Commission-free trading with no account minimums
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Crypto trading in all US states, Washington, DC, the US Virgin Islands and Puerto Rico
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Fractional trading
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Option for an external self-custody wallet
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Recurring Buys feature to automate trading
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Joint accounts available (except Louisiana)
Cons
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Limited cryptocurrencies compared to many competitors
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Fees and limits apply for crypto transfers
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No NFTs
Details
Product details
| Product Name | Robinhood Crypto |
| Fiat Currencies | USD |
| Cryptocurrencies | BTC, BCH, ETH, LTC, XLM, DOGE, LINK, UNI, XTZ, SOL, PEPE, XPR, ADA & 18 more |
| Deposit Methods |
Bank transfer (ACH) Debit card Instant transfer Direct Bank Deposit |
| Trading Fee | Transfer fee: $0Staking commission: 25% |
| Deposit Fees | $0 |
| Withdrawal Fees |
Standard bank transfer: $0 Debit card: Up to 1.75%, based on withdrawal amount Instant bank transfer: Up to 1.75% *Minimum $1 fee and maximum $150 fee for debit card and Instant transfers |
Robinhood is best for beginners and mobile users
California-based Robinhood is one of the best online brokers for 24/7 crypto and stock trading. There is also access to ETFs, options, futures and even IRAs. In fact, it serves as more of an all-in-one brokerage, offering not only investments but also a credit card and even private banking, launching in the fall of 2025.
For crypto, there is a low barrier to entry with no account minimums. Robinhood crypto fees are also very low, making the platform an affordable choice for new users who are learning how to invest. Additionally, it boasts a user-friendly mobile app with the option for simple and straightforward desktop trading.
However, those seeking more advanced trading tools and a wider selection of cryptocurrencies may want to consider another broker.
Robinhood’s plans
Robinhood offers a basic plan for its brokerage account. However, you can upgrade to Robinhood Gold for $5 a month for perks like instant deposits and greater investing resources. Robinhood crypto fees are also reduced.
Expert portfolio management through Robinhood Strategies is available with no management fees for Gold members with accounts over $100,000. This service is offered through Robinhood Asset Management, which will actively adjust your investments to match market fluctuations and your financial goals. Gold members also receive access to the latest market insights, including Morningstar Reports and Level II Market Data from Nasdaq.
Other benefits include:
- 3% cash back on cash in your brokerage account
- Instant access to deposits of up to $50,000
- Reduced fees for futures contracts and index option contracts
- No interest on first $1,000 of margin with reduced rates thereafter
- 3% matching on Robinhood IRA contributions
To explore its perks, you can try Robinhood Gold for free for 30 days before the subscription fee kicks in.
What we like about Robinhood
Robinhood is packed with features in a user-friendly package and benefits that include staking rewards, low fees and industry-leading security.
Generous tools for beginners
Robinhood offers a fantastic trading app for beginners, available via desktop or its highly rated mobile app. Its platform features an intuitive interface, allowing you to track market trends with custom price alerts, plan future trades and view real-time data that is updated in sub‑second intervals. You can also research the latest prices and news with a built-in AI research assistant, and visit the Learn resource center to learn more about crypto and investing strategies.
The advanced charting feature is available through Robinhood Legend, a free service for all Robinhood accounts. This service allows you to enter trades and edit orders within the chart itself, with integrated drawing tools and real-time indicators like moving averages and Bollinger Bands.
To save time, you can use the Recurring Buys feature to automate your trading or move to a fixed investing schedule with just a $1 minimum. It applies to crypto, as well as stocks and ETFs through Robinhood Financial.
Staking rewards
While other brokers like Interactive Brokers and eToro do not offer staking, Robinhood goes one step further to offer bonus rewards when you stake your crypto. You can earn rewards on Solana (SOL) and Ethereum (ETH) investments with just a $1 minimum to be eligible.
Rewards begin after assets are bonded and last throughout the staking period, although the exact process and requirements vary based on the network and crypto you choose. However, rewards are not guaranteed, and rates are subject to change.
A 25% crypto staking fee applies and is taken before rewards are dispersed. Staking is unavailable to users in California, Maryland, New Jersey, New York and Wisconsin.
Diverse investment options
Many brokerages like Uphold and Kraken stick to just crypto, but Robinhood offers several financial products, enabling it to cater to a variety of financial needs. Its platform supports stocks, crypto, options, futures and even IRAs with up to 3% matching.
You can enjoy easy access to your account funds when you sign up for the Robinhood Cash Card. This prepaid card is offered through Robinhood Money and links to your spending account to use anywhere Mastercard is accepted. Even better, it skips many of the fees typically seen with debit cards. There are no account opening fees, maintenance fees, inactive account fees, in-network ATM fees or foreign transaction fees.
If you prefer a line of credit, Robinhood has that, too. Its Visa credit card offers 3% cash back on all purchases and 5% on travel booked through the Robinhood Travel portal.
Robinhood has also announced the addition of private banking, coming in the fall of 2025.
Low fees and minimum investment
Robinhood is known for its competitive margin rates, but it is also an affordable choice for cryptocurrency. It only requires a $1 minimum to begin trading crypto. There are no account minimums for stocks, ETFs and options, too.
Robinhood Strategies offers another way to save money by helping to select tax-advantaged investments for your portfolio. At the end of the year, it totals gains and losses for simplified tax harvesting. A $50 minimum investment is required to participate in Robinhood Strategies, and a 0.25% annual management fee applies, with free management for Gold accounts over $100,000.
Increased security
Robinhood calls itself a “Safety-First company” with six driving commitments that make up its foundation, including commission-free trading, high security standards, dedicated support and transparency.
Security measures include multi-factor authentication, secure transfers and cold storage for most coins. You also have the option to secure your crypto yourself by sending it to a non-custodial wallet, like the Robinhood crypto wallet.
For additional protection, Robinhood performs regular audits and carries crime insurance underwritten by Lloyd’s syndicates to protect against theft and cybersecurity breaches.
Where Robinhood falls short
Robinhood has some drawbacks, including no investment protection and a lack of advanced tools and resources.
More focused on beginners
Advanced investors may not be best served by Robinhood’s resources. Charts and tools are more geared toward beginners, with a lack of macro research, no treasury market data and no tools for portfolio monitoring. It fails to deliver the in-depth data that investors need to make predictions and gauge past performance.
Additionally, the only third-party research and news available come from Morningstar and Nasdaq Level II market data, which are only available if you upgrade to a Gold membership.
Missing some key services
Although Robinhood offers more services than your typical crypto platform, it still lacks access to certain products that other brokers like E-Trade and Charles Schwab offer.
There are no mutual funds or forex trading available through Robinhood. Additionally, investors do not have access to bonds unless they opt for a bond ETF. Although it recently expanded to IRAs, there are no 529 savings plans.
For investors seeking a well-diversified portfolio, this lack of services could be a major disadvantage.
Limited cryptocurrency
With just 29 cryptocurrencies, Robinhood is significantly more limited than some of its competitors. It pales in comparison to brokers like eToro, Crypto.com and Coinbase, which offer hundreds of options.
If you are sticking to the basics, Robinhood may fulfill your needs, but investors looking for expanded choices may want to look elsewhere.
Is Robinhood legit?
Cryptocurrency accounts are held through Robinhood Crypto, which means it does not carry the FDIC or SIPC protection that some of Robinhood’s other products have. It is, however, registered with FinCEN as a money services business, which means it complies with both the Bank Secrecy Act and applicable US money transmitter laws.
Robinhood has been subject to some regulatory issues in the past. In 2025, Robinhood was ordered to pay $45 million in restitution for a data breach. That same year, it was fined $70 million by the Financial Industry Regulatory Authority (FINRA) due to several trading outages and allegations that it misled customers and enabled high-risk trading.
It has also faced litigation from individual states. It was ordered to pay a $7.5 million fine to the state of Massachusetts for the alleged gamification of its platform, and it settled with the state of California for charges of failure to execute customer account withdrawals and failure to disclose key investing details.
Still, Robinhood continues to upgrade its platform, and it employs a series of security measures to help secure user accounts. It uses industry-leading security protocols, including advanced encryption, optional two-factor authentication, user verification for unfamiliar devices and Transport Layer Security protocols. Digital coins are kept in cold storage, with a small amount kept in hot storage for daily operations.
Listed Robinhood crypto exchange assets
The Robinhood crypto list includes 29 cryptocurrencies and even provides estimated trading times on its website. However, certain cryptocurrencies like Tether (USDT), BNB (BNB) and Sui (SUI) are not available.
Popular assets on Robinhood
Supported
- Bitcoin (BTC)
- Ethereum (ETH)
- XRP (XRP)
- Solana (SOL)
- USDC (USDC)
- Dogecoin (DOGE)
- Cardano (ADA)
- Stellar Lumens (XLM)
- Chainlink (LINK)
- Bitcoin Cash (BCH)
- Hedera (HBAR)
- Avalanche (AVAX)
- Litecoin (LTC)
- Shiba Inu (SHIB)
Unsupported
- Tether (USDT)
- BNB (BNB)
- Hyperliquid (HYPE)
- Sui (SUI)
- Toncoin (TON)
- UNUS SED LEO (LEO)
How to sign up for Robinhood
Robinhood has specific requirements for its crypto accounts.
You must be at least 18 years old, have a valid US address and share a Social Security Number, as Taxpayer Identification Numbers are not accepted. You also must be a US citizen, US permanent resident or have a valid US visa.
Before you learn how to sell crypto on Robinhood, you first must open an account.
- Submit the application via the desktop site or mobile app. You will receive an email of approval or a request for more information. It may take a few days for this email to come through.
- Upload your documents based on the instructions in your approval email.
- Link your bank account to fund your account.
- Place your trade by searching for the cryptocurrency you want and pressing the Buy button to complete your order.
In all, the process of opening a Robinhood account is quick and straightforward, enabling you to start trading that much faster.
Customer experience
| BBB accredited | No |
|---|---|
| BBB rating | B |
| BBB customer reviews | 1.11 out of 5 stars, based on 225 customer reviews |
| Trustpilot score | 1.2 out of 5 stars, based on 4,135 customer reviews |
| App Store Score | 4.3 out of 5 stars, based on 4,600,000 customer reviews |
| Google Play Score | 4.6 out of 5 stars, based on 81,000 customer reviews |
| Customer reviews verified as of | 26 August 2025 |
Customer reviews for Robinhood are a mixed bag. Although it receives a B rating from the Better Business Bureau (BBB), it is not BBB-accredited and receives only 1.11 out of 5 stars from users. It also receives a very low 1.2 out of 5.0 rating on Trustpilot. Common complaints about ineffective customer support, trouble making withdrawals and unexpected account closures.
What do people on Reddit say?
On Reddit, however, users praise its low barrier to entry, user-friendliness and efficiency, excellent tools and low fees. However, some users suggest other platforms like Fidelity instead.
Compare Robinhood to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. SelectGo to site to sign up for an account.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Frequently asked questions
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Lena Finder
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