Edward Jones Bitcoin

Can You Buy Crypto (Bitcoin) at Edward Jones in 2024?

Edward Jones crypto investing. Can you buy Cardano, Dogecoin, Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC) cryptocurrencies on Edward Jones?

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)
  • Chainlink (LINK)
  • Compound (COMP)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Shiba Inu (SHIB)
  • Steller Lumens (XLM)
  • Tezos (XTZ)
  • Uniswap (UNI)

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’.

Buy crypto on Robinhood

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.

Buy cryptocurrency on Robinhood

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.

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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

About the Author
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.