Robinhood was originally a mobile app available on Android and iOS that allowed users to trade stocks for free. Recently, the company has been implementing new features. One feature that has been added is web access to trading instead of only mobile access. Another feature that has been added is the ability to buy and sell options. The most recent feature is the most interesting however. Robinhood is now introducing the ability to trade cryptocurrencies, FOR FREE!
Supported Coins:
You can add the 16 cryptocurrencies below to your watchlist, monitor market data, read cryptocurrencies news, and create custom price alerts.
- Bitcoin
- Ethereum
- Bitcoin Cash
- Litecoin
- Ripple
- Ethereum Classic
- Zcash
- Monero
- Dash
- Stellar
- Qtum
- Bitcoin Gold
- OmiseGo
- NEO
- Lisk
- Dogecoin
On their blog post , they state, " Next month, round-the-clock, commission-free cryptocurrency trading comes to the Robinhood platform. Trading will be limited to Bitcoin (BTC) and Ethereum (ETH), with more coins tradeable later. Trading functionality for BTC and ETH will be released gradually in waves to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon".
Once these features are released, Robinhood will be able to directly compete with Coinbase and the Robinhood inspired company, Cobinhood. From my personal perspective, I think Robinhood has the advantage over both companies. First, Robinhood has a proven track record with its success of implementing zero fee stock trading. Now with the implementation of zero fee crypto trading, they will be an exchange powerhouse supporting both stocks and cryptos.
If you are interested in buying and selling cryptocurrencies for free, I highly recommend you sign-up now and join the waiting list. The longer you wait to sign-up, the longer it will take to gain access to the feature.
Sign-up using my referral and get a free stock and jump to my spot of the waiting list instead of the end. (:
Sign-up not using my referral and lose the opportunity to pick a free stock and go to the end of the line. ):
About Me:
I am currently a student at Georgia Institute of Technology studying computer science with a focus in AI and Cybersecurity. I invest in stocks and cryptocurrency in my free time. I use and endorse the following investing platforms: