You can get early access through the card in your app, or you can sign up on our website.

Robinhood Crypto will initially be available to customers in California, Massachusetts, Missouri, Montana, and New Hampshire. We plan to add support for more states soon.

No, Robinhood Crypto doesn’t support ICOs at this time.

You’ll receive an email and an in-app card notifying you when you can start trading cryptocurrencies.

Bitcoin, created in 2009, is the first decentralized cryptocurrency. Like many cryptocurrencies, it’s not tied to any government or issuing authority, and there’s no middle-man involved when it’s used to purchase goods. Most of its concepts have been applied to other fields, and replicated in other cryptocurrencies.

Bitcoin denotes both the name of the network and the currency that’s built on top of it. Its symbol is BTC.

Bitcoins are a tradable asset on Robinhood. You can buy and sell fractions of BTC. The minimum order size is 0.00001 BTC.

Bitcoin is not a stock and your cryptocurrency investments are not protected by SIPC.

Like Bitcoin, Ethereum is a digital currency based on a blockchain technology. Though the applications of Ethereum extend beyond currency, the coin, technically called an Ether, is a tradable asset on Robinhood. Its symbol is ETH.

You can buy and sell fractions of ETH. The minimum order size is 0.001 ETH. The smallest allowable quantity increment is 0.000001 ETH. For example, you can place an order for 0.001001 ETH, but not 0.000999 ETH.

Ethereum is not a stock and your cryptocurrency investments are not protected by SIPC.

A blockchain is a digital, decentralized ledger of cryptocurrency transactions. The Bitcoin and Ethereum networks are both blockchains where all transactions are recorded.

Where assets tied to governments were formerly backed by gold or silver, Bitcoin and Ethereum are backed by their respective networks. A typical cryptocurrency transfer is first published to the blockchain, where it’s then securely verified by multiple sources in the network. Once a transfer is confirmed by several sources and verified for all to see, it’s accepted by the network.

Since the blockchain verifies the transfer of assets, you no longer need to go through a bank to initiate a transaction.

You can buy and sell Bitcoin and Ethereum as an investment.

The prices of cryptocurrencies, like Bitcoin and Ethereum, are volatile largely because they’re a new asset class, and there is no consensus on their overall worth as a currency or investment.

No. Bitcoin and Ethereum are not tied to any central governing authority. They’re completely decentralized, and their value is based entirely on supply and demand.

Currently, Robinhood Crypto supports market and limit orders for cryptocurrencies. Market and limit orders for cryptocurrencies work similarly to orders for stocks and options.

When placing market orders, we display the best available price on Robinhood Crypto, which is based on the exchanges we connect to. You’ll never get charged a commission or additional trading fee on top of the execution price. For limit orders, you specify the maximum (or minimum) price you are willing to buy (or sell) at.

Cryptocurrency prices are volatile. To help protect your market orders against dramatic price moves, market orders are adjusted to limit orders collared up to 1% for buys, and 5% for sells. Any price difference you may see between the estimated price and the execution price is due to market movement and is not something that Robinhood profits from.

There are a couple reasons why you may not be able to place a buy order:

• You don’t have enough buying power to place the trade. Cryptocurrencies are non-marginable and can’t count as collateral, so you must have enough cash in your account to place the order.
• You don’t have enough equity to reach your margin minimum. If you have a Gold account, you won’t be able to place a crypto order in your Robinhood Crypto account if doing so would cause you to fall below your margin maintenance or minimum balance in your Gold account. Also, in a Robinhood or Gold account, you cannot place a trade that would cause you to fall below your pattern day trade minimum equity. You can find more information about these scenarios in our article gold buying power.

There are a couple reasons why your order may not have been filled:

• The cryptocurrency moved outside the market order collar. All market orders for cryptocurrencies are placed as limit orders with a collar. If the price of the cryptocurrency moves outside the collar, your order will remain pending. Learn more about collars and order types below.
• The platform is performing scheduled maintenance. You’ll be notified in-app about scheduled maintenance windows and their duration. During a maintenance window, you can place orders to buy or sell cryptocurrencies, but they won’t execute until the maintenance window is finished. Furthermore, all pending orders will remain pending during this time.

For instructions on how to cancel a pending order, check out our article on order types.

You can place market orders and limit orders for cryptocurrencies in your Robinhood Crypto account.

Market Orders:

To help protect your market orders against dramatic price moves, market orders are adjusted to limit orders collared up to 1% for buys, and 5% for sells. Collars are based off the last trade price. This means that your order will not execute if the price of the cryptocurrency moves more than 5% lower than its price at the time you placed a market sell order, or more than 1% higher than its price when you placed a market buy order, until it comes back within the collar.

Limit Orders:

A limit order is an order placed to buy or sell a specified amount of a financial instrument at a specified price or better.

You can place a limit order to buy or sell cryptocurrencies for any USD amount (above $0.10 USD for BTC, and above $0.01 USD for ETH), or in any fractional amount of a cryptocurrency (above 0.00001 BTC, or 0.001 ETH).

Limit Orders (placed in USD):  

• Buy: You’ll never pay more than the USD amount you enter to purchase a specified amount of a cryptocurrency.
• Sell: You’ll never receive less than the amount you enter to sell your specified amount of a cryptocurrency.

Limit Orders (placed in fractional amounts):

• Buy: You’ll never pay more than the estimated cost shown on your screen to purchase a specified amount of a cryptocurrency.
• Sell: You’ll never receive less than the estimated credit shown on your screen to sell a specified amount of a cryptocurrency.

Note: Your limit buy order will only execute if the cryptocurrency meets or falls below your limit price, and your limit sell order will only execute if the cryptocurrency meets or goes above your limit price.  

You can invest in cryptocurrencies 24/7 on Robinhood Crypto, with the exception of our weekly downtime for site maintenance.

You’ll be notified in-app about scheduled maintenance windows and their duration. During a maintenance window, you can place orders to buy or sell cryptocurrencies, but they won’t execute until the maintenance window is finished. Furthermore, all pending orders will remain pending during this time.

Keep in mind, trading hours for options and stocks through Robinhood Financial are 9:30am-4:00pm EST, unless you’ve upgraded to Robinhood Gold and have access to extended trading hours from 9:00am-6:00pm EST.

No. Your brokerage account is with Robinhood Financial LLC and allows trading of equities and options, while cryptocurrency trading is done through an account with Robinhood Crypto, LLC. Robinhood Crypto is not a broker dealer and is not a member of the Financial Industry Regulatory Authority (FINRA). Robinhood Crypto is also not a member of the Securities Investor Protection Corporation (SIPC), which means your cryptocurrency investments are not protected by SIPC.

Currently, Robinhood Crypto supports market and limit orders for cryptocurrencies. Market and limit orders for cryptocurrencies work similarly to orders for stocks and options.

When placing market orders, we display the best available price on Robinhood Crypto, which is based on the exchanges we connect to. You’ll never get charged a commission or additional trading fee on top of the execution price. For limit orders, you specify the maximum (or minimum) price you are willing to buy (or sell) at.

Cryptocurrency prices are volatile. To help protect your market orders against dramatic price moves, market orders are adjusted to limit orders collared up to 1% for buys, and 5% for sells. Any price difference you may see between the estimated price and the execution price is due to market movement and is not something that Robinhood profits from.

You’ll receive the proceeds from your sales to purchase stocks, options, or other cryptocurrencies immediately. There’s no settlement time on Robinhood Crypto.

We calculate cost basis on a First-In-First-Out (FIFO) basis. This means we’ll sell your cryptocurrencies in the order you bought them.

To add a cryptocurrency to your Watchlist:

1. Tap the magnifying glass in the upper right corner
2. Type in the cryptocurrency name or symbol
3. Tap “+Watch” button and it’ll be added to your Watchlist

You can get early access through the card in your app, or you can sign up on our website.

Robinhood Crypto will initially be available to customers in California, Massachusetts, Missouri, Montana, and New Hampshire. We plan to add support for more states soon.

No, Robinhood Crypto doesn’t support ICOs at this time.

You’ll receive an email and an in-app card notifying you when you can start trading cryptocurrencies.