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What is the process of purchasing crypto on Robinhood?

avatarpeeyus hr20 sainiDec 27, 2021 · 3 years ago1 answers

Can you explain the step-by-step process of purchasing cryptocurrency on the Robinhood platform? I'm new to crypto and would like to understand how it works on Robinhood specifically.

What is the process of purchasing crypto on Robinhood?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    Certainly! Here's how you can purchase crypto on Robinhood: 1. Download the Robinhood app and sign up for an account. 2. Complete the verification process. 3. Add funds to your account. 4. Go to the 'Investing' tab. 5. Search for the cryptocurrency you want to buy. 6. Tap on the cryptocurrency and select 'Buy'. 7. Enter the amount you want to invest. 8. Review the order details and confirm the purchase. 9. Wait for the transaction to be processed. 10. Once the transaction is complete, you'll see the purchased cryptocurrency in your portfolio. Robinhood provides a user-friendly platform for buying and selling cryptocurrencies, making it accessible to beginners and experienced traders alike.