Robinhood

Name: Robinhood
Rating: 3.0 (37 reviews)

Robinhood is a financial services platform that offers commission-free trading of cryptocurrencies, including Bitcoin, alongside stocks and ETFs. Users can buy and sell crypto assets, track price movements, and manage their portfolios through a user-friendly app. Robinhood employs security measures such as cold storage and insurance to protect digital assets. It is accessible to individuals in the United States looking to engage with the cryptocurrency market without additional transaction fees.

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3.0/5.0

37 Reviews

About Robinhood

Robinhood Crypto: Simplifying Crypto Trades for the Mass Market

Robinhood began offering trading of Bitcoin and Ethereum to users in 2018 and has emerged as a high volume market place for crypto trading, extending the brand's ethos of democratizing finance to the digital currency world. Known for its commission-free structure, Robinhood Crypto offers a straightforward and cost-effective route for trading popular cryptocurrencies.

Trading Experience

Robinhood Crypto's platform is celebrated for its simplicity and ease of use, making it an attractive option for those new to cryptocurrency trading. The absence of trading fees is a standout feature, although it's important to understand the nuances of how Robinhood generates revenue, such as through rebates from trading venues.

Security and Ownership

Security is a top priority for Robinhood Crypto, with the majority of assets held in cold storage and protected by crime insurance against theft and cybersecurity breaches. Users are reassured by the platform's claim that purchasing crypto on Robinhood means you're the legal owner, with all the rights that entail.

Accessibility and Compliance

Robinhood Crypto is accessible to a wide range of users in the United States, with certain state-specific restrictions. The platform is regulated, holding a license to engage in virtual currency business activity by the New York State Department of Financial Services and is registered with FinCEN as a money services business.

Advanced Features

Beyond basic trading, Robinhood Crypto offers features like recurring buys, allowing users to automate their trading routine, and the ability to transfer crypto to and from Robinhood. Advanced trading tools, including custom price alerts and charts, cater to those looking to develop more sophisticated trading strategies.

Customer Support

Robinhood provides 24/7 customer support, a significant benefit for users who may need assistance at any time. The platform's commitment to user education and support is evident through its comprehensive help center and security best practices resources.

Robinhood Crypto is a popular choice for those seeking an uncomplicated entry point into cryptocurrency trading. Its commitment to security and user ownership, combined with its regulatory compliance, makes it useful for casual traders.

FAQs

Does Robinhood Crypto charge trading fees?

No, Robinhood Crypto offers commission-free trading, earning revenue through volume rebates from trading venues instead.

Is Robinhood Crypto secure?

The platform employs robust security measures, including cold storage for the majority of assets and crime insurance against theft and cybersecurity breaches.

Can I transfer cryptocurrencies in and out of Robinhood Crypto?

Yes, Robinhood Crypto allows users to transfer cryptocurrencies to and from the platform, although availability may be subject to regulatory approval in certain states.

Is Robinhood Crypto available in all US states?

Robinhood Crypto is available in every U.S. state except for Hawaii, with some coins subject to regulatory approval in certain states.

How does Robinhood Crypto ensure regulatory compliance?

Robinhood Crypto is licensed by the New York State Department of Financial Services and registered with FinCEN, adhering to the applicable requirements of the Bank Secrecy Act and U.S. state money transmitter laws.

Rated 3.0/5.0

based on 37 reviews

Showing 15 of 37 Reviews

s73773n

Oct 2, 2025

The wallyworld of DEX.

I got locked out of my portfolio for no reason, that alone is why I will never use them again.

turbsudoist

Mar 9, 2024

Shameful that they call themselves Robin Hood

This company will enter the black history of investments after not allowing the purchase of $GME, only allowing the sale, even forcing the sale of shares to its clients, just to protect the interests ...

mhirsch

Jan 5, 2024

Robinhood Review

Overall, I found Robinhood to be a great app for beginner level investors looking to invest for the first time. While the app lacks many of the tools and features that more advanced investors may expe...

drewcash14

Nov 24, 2023

Service not that good

I've played around with Robinhood a few times, and it's obvious that this is a platform for retail investors. This means that you are at the mercy of big finance, who employ a small number of humanoid...

lyla

Nov 14, 2023

It's a good choice for trading

thanks to its easy-to-use trading app that can make investing appear very simple.Robinhood could be a good choice for this easy-going approach.There is no account minimum & no monthly fee. It also all...

mary

Nov 11, 2023

No-fee and no-minimum trading

No-fee and no-minimum trading makes it easy for beginners to get started with investing, and the ability to trade fractional shares gives users access to a greater range of assets than they might othe...

schnstegtail

Oct 27, 2023

Robbing good

I've dabbled in Robinhood a few times and it is very clearly a retail investors platform, meaning you are at the mercy of big finance, they have a skeleton staff of Humans and humanoids, neither have ...

ranalli_don

Aug 25, 2023

Don’t use for bitcoin

You own paper bitcoin on this site and clearing can stop times be slow

orangepillmoney

Aug 11, 2023

Good for stocks, but sketchy on BTC

Robinhood may be useful for stocks, however for bitcoin and cryptocurrencies, I think it is a bad choice. They are often sketchy when it comes to bitcoin withdrawals, and this is a major red flag. Use...

tomes_is_very_cool

Aug 4, 2023

Not even good for nocoiners...

A big joke, they blocked user Bitcoin withdrawals in 24 hours for several weeks... Don't use it !

marco

Jul 14, 2023

Simple, but be careful

I really like how simple the interface is, I would say that's it's main competitive advantage versus the other exchanges. But I found the fees slightly too high and their reputation is somewhat muddy,...

brian14

Jul 11, 2023

Worth a Try

My interactions with the app have been a little troublesome. They advertise zero fees then end up having several "hidden" fees. This makes it untrustworthy for it's reputation.

pat_mcdermott17

Jul 3, 2023

Robinhood - Give it another chance.

Robinhood is a really great platform to buy Bitcoin. It gets a really bad rap for some of their past behavior. It has fully functional wallets, easy on/off ramps, instant debit card deposits, receive/...

primgb

May 9, 2023

False Advertising, but easy to use.

They claim zero fees, but the fees are just hidden, They take your order, and they send it to another exchange, at a worse price, then they keep the difference. So when you place an order (for example...

dennai

Apr 12, 2023

Commission-Free Crypto Trading: Robinhood Review

[color=rgb(255, 255, 255)][highlight=rgb(28, 28, 30)]I used Robinhood mainly before you could transfer cryptocurrency in and out of the platform. While there options for trading different cryptocurren...