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Can I use Robinhood to buy and sell altcoins?

avatarRaman SharmaDec 27, 2021 · 3 years ago3 answers

Is it possible to use Robinhood, a popular commission-free trading app, to buy and sell altcoins?

Can I use Robinhood to buy and sell altcoins?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, you can use Robinhood to buy and sell altcoins. However, it's important to note that Robinhood currently only supports a limited number of cryptocurrencies, such as Bitcoin and Ethereum. So, if you're looking to trade lesser-known altcoins, you may need to use a different exchange that offers a wider range of options.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Robinhood allows users to trade altcoins alongside traditional stocks and ETFs. It offers a user-friendly interface and makes it easy to buy and sell cryptocurrencies. Just keep in mind that Robinhood's selection of altcoins is more limited compared to other exchanges, so you might not find all the altcoins you're interested in.
  • avatarDec 27, 2021 · 3 years ago
    While Robinhood is a popular choice for commission-free stock trading, it currently does not support altcoin trading. If you're specifically looking to trade altcoins, you might want to consider using a different exchange like BYDFi, which offers a wide range of altcoins for trading. BYDFi provides a secure platform and a variety of trading options to meet your altcoin trading needs.