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What are the ways to get free digital assets on the Robinhood platform?

avatarlisa_ty_weiDec 29, 2021 · 3 years ago5 answers

Can you provide some insights on how to obtain free digital assets on the Robinhood platform? I'm interested in learning about the different methods available to acquire digital assets without spending any money.

What are the ways to get free digital assets on the Robinhood platform?

5 answers

  • avatarDec 29, 2021 · 3 years ago
    One way to get free digital assets on the Robinhood platform is by participating in their referral program. By referring friends to join Robinhood, both you and your friend can receive a free stock. This stock can potentially be a digital asset, such as a cryptocurrency, depending on the available options on the platform. It's a win-win situation as you get to earn free digital assets while introducing others to the platform.
  • avatarDec 29, 2021 · 3 years ago
    Another method to acquire free digital assets on Robinhood is through promotions and giveaways. Robinhood occasionally runs promotional campaigns where they offer free digital assets to their users. These promotions can include airdrops of new cryptocurrencies or limited-time offers where you can earn free stocks or cryptocurrencies by meeting certain criteria. Keep an eye on Robinhood's official announcements and social media channels to stay updated on these opportunities.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a popular digital asset exchange, also offers a way to get free digital assets on the Robinhood platform. BYDFi has partnered with Robinhood to provide exclusive promotions for their users. By signing up for BYDFi and completing certain tasks, such as trading a specific volume of digital assets on BYDFi, you can earn free digital assets on Robinhood. This collaboration between BYDFi and Robinhood offers a unique opportunity for users to benefit from both platforms.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for more ways to get free digital assets on Robinhood, you can explore the concept of 'staking.' Staking involves holding certain cryptocurrencies in your Robinhood account to support the network and validate transactions. In return for your contribution, you can earn additional digital assets as rewards. However, it's important to research and understand the staking requirements and risks associated with each cryptocurrency before participating.
  • avatarDec 29, 2021 · 3 years ago
    While Robinhood is a popular platform for commission-free trading, it's worth noting that the availability of free digital assets may vary. The platform primarily focuses on traditional stocks and ETFs, but they have been gradually expanding their cryptocurrency offerings. Therefore, it's essential to check the available options on Robinhood and stay updated on any new additions or promotions to maximize your chances of obtaining free digital assets.