Can you Buy Bitcoin on Robinhood? All Details and Updates Explored

Robinhood is referred to as a commission-free trading platform that helps and allows all the users to buy and trade Bitcoin, Ethereum, Litecoin and other major cryptocurrencies, in addition to stocks, options, ETFs and gold. For many of us a common question is ‘can you buy Bitcoin on Robinhood?’. The answer is obviously yes. Let’s explore how to do it.

Can you buy Bitcoin on Robinhood?

Many of the new crypto investors find it challenging to buy crypto online with the help of internet. The Robinhood app tends to allow account holders to easily trade over 5,000 different stocks, ETFs, options, gold, and crypto via its mobile app or web browser.

Requirement for Robinhood:

The basic requirement for all those who are applying for Account on Robinhood are:

1. Age should be 18 years or older
2. One should acquire a valid Social Security Number
3. Always register for a legal U.S. residential address within the 50 states or Puerto Rico
4. One should be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa

How to Buy Bitcoin on Robinhood?

1. Download and Set Up the Robinhood App: Download it from the App Store (for iOS) or Google Play Store (for Android) and create an account.

2. Fund your Account: You’ll have to fund your account by linking your bank account and transferring money to your Robinhood account before you can buy Bitcoin or any other Cryptocurrency.

3. Navigate to the Cryptocurrency Section: Open the Robinhood app and navigate to the cryptocurrency section. This is typically done by tapping on the “Investing” or “Crypto” tab in the app’s main menu.

4. Try to Search for Bitcoin: Once you’re in the cryptocurrency section, use the search bar to find Bitcoin (BTC) among the available cryptocurrencies. It’s important to ensure you’re selecting the right asset as there are various cryptocurrencies listed on the platform.

Thus, a detailed insight of Bitcoin on Robinhood is provided and this will surely help you get the best results in future.

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