Robinhood Crypto is the right pick for investors who already use Robinhood for stocks and want to add Bitcoin or Ethereum without opening a second account or paying trading fees. Its limited coin selection and lack of staking make it a supporting player for crypto-heavy traders — but as a zero-fee entry point into the asset class, it's hard to beat.
Pros
- Zero commission on crypto trades — no spread markup on top (revenue via order flow)
- Crypto lives inside the same app as stocks, ETFs, and options
- Instant deposit up to $1,000 lets you trade immediately
- Non-custodial wallets available for users who want self-custody
- Clean, minimal interface — very low friction for new investors
- 24/7 market access (crypto markets don't close)
Cons
- Only ~20 cryptocurrencies supported — far fewer than Coinbase or Kraken
- No staking or yield features (unlike Coinbase)
- Revenue model relies on payment for order flow — not always best execution
- Customer support historically slow; live chat only on premium tier
- Not available in Hawaii; some state restrictions on specific assets
- No desktop-class advanced charting in the mobile app
Full Review
Our verdict on Robinhood Crypto
Robinhood disrupted commission-free stock trading in 2013 and brought that same philosophy to crypto in 2018. Today, the Robinhood app lets users buy and sell about 20 cryptocurrencies — including Bitcoin, Ethereum, Dogecoin, Solana, and Shiba Inu — with zero trading commissions, alongside stocks, ETFs, and options in a single account.
How it works
Sign up, complete identity verification, link a bank account, and you can buy crypto in minutes. Instant deposits up to $1,000 mean you don't have to wait for an ACH transfer to clear before trading. Robinhood also offers a non-custodial wallet option — users who want to move crypto off the exchange can transfer to their own wallet address, though the process is gated behind a verification step.
Supported coins & features
Robinhood supports approximately 20 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Shiba Inu (SHIB), Polygon (MATIC), Chainlink (LINK), and a few others. Notable absences: Cardano, Avalanche, Polkadot, and most DeFi tokens. There is no staking or yield program — crypto sits idle unless you trade it.
- Spot trading: market orders only (no limit orders on crypto)
- Portfolio view: crypto alongside stocks and ETFs
- Non-custodial wallet: withdraw to external addresses
- 24/7 trading: crypto markets are always open
- Recurring buys: auto-invest on a schedule
Fees & security
Robinhood charges no trading commission. Revenue comes from payment for order flow (PFOF) on stock trades — crypto trades are routed through Robinhood's own matching engine. Security: SIPC member (covers securities, not crypto), 2FA, biometric authentication, device approval for new logins, and crypto assets held by Robinhood Crypto LLC, a registered money services business. USD cash balances are FDIC-insured through bank sweep programs.
Availability
Robinhood is available in most US states. Hawaii is excluded for crypto specifically. Some states restrict specific cryptocurrencies. The app is not available internationally for US-regulated features.
Final take
Robinhood Crypto is the right choice if you want zero-fee Bitcoin or Ethereum exposure and already live inside the Robinhood ecosystem for stocks. It is not the right choice if you want 200 coins, staking rewards, advanced order types, or institutional-grade custody documentation. Think of it as a bridge — a low-friction, no-cost way to get into crypto without the complexity of a dedicated exchange.
Payout Method
Bank transferCrypto
Platforms
iOS, Android
Category
Crypto Trading & DeFi Apps
Ready to play?
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