Does Edward Jones Offer Crypto?
You cannot invest in Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), or
any other cryptocurrencies on Edward Jones at this time. As an alternative, you can use
a
SIPC insured and FINRA/SEC regulated $0 commission broker called Robinhood
that does offer
cryptocurrencies trading (learn more).
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Alternative to Edward Jones for Cryptocurrencies
As a stockbroker, Robinhood provides access to the same types of securities that Edward Jones offers
but adds in the ability to buy and sell cryptocurrencies directly. Thanks to the partnership
with Apex Crypto, Robinhood is able to provide access to a large listing of digital assets.
Available Digital Assets at Robinhood
Here is a listing of the available cryptocurrencies 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)
Keep in mind that Robinhood is adding new cryptos all the time, so this list will likely expand in
the future.
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Applying for Crypto Trading Permission
Before placing a trade on your preferred platform, you should make sure that you have been approved for crypto trading. The process is simple, and approval usually comes within a day, but it is a necessary step.
After you are opened a brokerage account (you can do it here if you do not have one), navigate to the ‘My Account’ menu on the Robinhood website. From there, select ‘Manage My Account’.
After that, locate ‘Crypto Trading’ and ‘View Details’. You will be able to apply for and monitor your crypto trading permissions from the provided menu.
Trading Crypto at Robinhood
To trade cryptocurrencies at Robinhood , you can use any one of the available platforms. There are three to choose from: the Robinhood mobile app, the desktop trading software, and the browser-based trading platform. Robinhood has done a good job to streamline the experience on all three of its trading platforms. So, your choice of trading software comes down to your trading style.
To place a trade in the cryptocurrency markets, you will navigate to the ‘Markets’ menu. Then, select ‘Cryptos’.
You will see a listing of available cryptos to pick from. It is important to note that Robinhood provides live market data for many cryptocurrencies, but for trading, you should select assets listed on the ‘CCC’ exchange.
Once you open the price information for the cryptocurrency, you can use the chart trader tool (pictured) or the order ticket. You can choose between market and limit orders and setting brackets (take profit and stop loss) is also possible.
Robinhood Crypto Trading Fees
Trading at Robinhood is always free. The broker has a zero-commission policy that keeps trading accessible to traders at every level. Whether you want to invest in crypto-related, exchange-listed securities or cryptocurrencies themselves, you will never have to worry about paying extra for the privilege.
Robinhood Promotion
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Robinhood Advantages
There are many advantages to trading crypto directly at Robinhood . Here are some of the most notable benefits.
- Zero-commission crypto trading
- Pro-level charting experience
- Direct access to the cryptocurrency marketplace
- Trade cryptocurrencies 24/7
- New digital assets added regularly
- Trade crypto with as little as $1
- Funds from crypto trades settle instantly
Updated on 12/22/2024.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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