Cryptocurrency List at Robinhood
- Aave (AAVE)
- Avalanche (AVAX)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
- Chainlink (LINK)
- Compound (COMP)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Pepe (PEPE)
- Shiba Inu (SHIB)
- Solana (SOL)
- Steller Lumens (XLM)
- Tezos (XTZ)
- Uniswap (UNI)
- USDC (USDC)
- XRP (XRP)
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What Cryptocurrencies Can You Trade on Robinhood?
Did you know that you can buy and sell crypto directly on Robinhood? Robinhood currently offers trading in 19 cryptocurrencies, and they continue adding more to its list. If you are wondering which cryptocurrencies Robinhood offers, its crypto trading commissions, or its crypto trading minimums, we have all those answers and more in this article.
The complete list of all 19 cryptocurrencies on Robinhood is posted at the top of this article.
Some of the biggest and most popular cryptocurrencies available for trading on Robinhood include Bitcoin, Ethereum, Dogecoin, Cardano, and Solana. Some of the newest cryptocurrencies listed on Robinhood are Tezos, Aave, and Polygon.
A few of the larger cryptocurrencies that are not currently available for trading on Robinhood are Tether, Ripple, and Polkadot. Just because these cryptocurrencies are not currently offered, doesn’t mean that they never will be. Robinhood is continually updating its crypto list by adding new coins, and its goal is to keep expanding its cryptocurrency business.
Depending on your state, you may have limited or no access to trade all 19 cryptocurrencies available on Robinhood. When you attempt to place a trade for a cryptocurrency on Robinhood, you will be notified whether or not you can trade that specific crypto based on your location. There are also over 50 cryptocurrencies that you can’t currently trade on Robinhood, but you can see their real-time market data and look at charts for them, such as Ripple.
What are the Commissions for Trading Cryptocurrency on Robinhood?
Incredibly, you can trade all cryptocurrencies on Robinhood commission-free. Paying no commissions is
always fantastic, however, you should be aware that Robinhood has very wide spreads for the bid and
ask prices of cryptocurrencies.
Robinhood Crypto Minimums
You can buy crypto on Robinhood starting with just a $1 minimum per trade. You can essentially buy and sell any amount of any crypto on Robinhood, except for Dogecoin which has a minimum of 1 DOGE per trade.
Can you Transfer Crypto on and off of Robinhood?
Until recently, one of the biggest deterrents for not trading crypto on Robinhood has always been that you can’t transfer crypto on or off of Robinhood. If you weren’t aware of this, you will be very happy to know that Robinhood now allows you to send and transfer crypto. There are specific rules and restrictions around what crypto can be transferred in and out of Robinhood and how transfers can be processed.
Most of the list of 19 cryptocurrencies available for trading on Robinhood can be transferred in or out. Generally, it is extremely easy to send or receive crypto with your Robinhood account. Robinhood has put send and receive buttons on eligible crypto when viewing the specific crypto’s overview page or your crypto position page. The two requirements for being able to transfer crypto with Robinhood are verifying your identity and setting up two-factor authentication.
What Order Types can you Place for Crypto Trading on Robinhood?
You can trade crypto on Robinhood 24/7. You are allowed to use market, limit, stop, and stop limit orders when trading cryptocurrencies on Robinhood. You can place crypto trades in either dollar amounts or in share amounts. You can also add any cryptocurrencies that Robinhood tracks real-time market data for to your watchlist, even if you can’t trade them.
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Cryptocurrencies at Robinhood
If you’re still trading stocks, options, and forex, it may be time to upgrade to the 21st century. More brokers are offering cryptocurrencies, and Robinhood is one of them. Here are the details:
Robinhood’s Crypto Service
Besides stocks, options, and ETFs, Robinhood also provides trading in digital currencies.
Robinhood has continued its zero-commission quest by charging no fees on crypto trades.
Trading Cryptocurrencies on the PC Platform
Robinhood’s list of digital currencies can be found in its crypto collection. On this page, you’ll find a very brief screener on the right-hand side. Because there are only 15 on the list, it’s probably easier just to look through them.
To access a profile for one of the currencies, click on anywhere in its row. You’ll get a chart with up to 5 years of price data. Live is the default interval.
A cryptocurrency can be added to a watchlist. To do this, just click on the button that says Add to Lists. It appears on every crypto profile.
If you click on a currency that Robinhood provides trading in, you’ll see an order ticket on the profile. Orders must be submitted in dollar amount (not coin amount), and short positions are not allowed. For the order type, there are just two choices: market or limit.
Trading Cryptocurrencies on the Mobile App
Currencies can also be traded on Robinhood’s mobile app. To find a coin, just type in the coin’s name in the search field (tap on the magnifying glass at the bottom of the screen). Once on the coin’s profile, it can be added to the app’s watchlist by tapping on the plus (+) sign that appears in the top-right corner.
The order ticket on the mobile app is the same one that appears on the website. Another similarity is the presence of news articles. Some coins will have them; others will not. We found articles for Bitcoin but not Litecoin. Providers include Yahoo Finance and Cointelegraph.
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Updated on 12/22/2024.
Paul Johnson is a Licensed Stockbroker with 7+ years of experience in the financial services industry. Paul enjoys teaching about investing and writing about financial topics. He is a husband and father of twin boys.
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