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Are there any restrictions on using Robinhood credits for buying digital assets?

avatarGurvinder SinghDec 17, 2021 · 3 years ago3 answers

What are the restrictions on using Robinhood credits to purchase digital assets?

Are there any restrictions on using Robinhood credits for buying digital assets?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are restrictions on using Robinhood credits to buy digital assets. Robinhood allows you to use credits for trading stocks and ETFs, but not for purchasing cryptocurrencies. This means that you cannot use Robinhood credits to buy Bitcoin, Ethereum, or any other digital assets on the platform. If you want to invest in cryptocurrencies, you will need to use your own funds or transfer them from another exchange that supports digital asset trading.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, Robinhood credits cannot be used to buy digital assets. The platform only allows credits to be used for trading stocks and ETFs. If you want to invest in cryptocurrencies, you will need to use your own funds or choose a different exchange that supports digital asset trading.
  • avatarDec 17, 2021 · 3 years ago
    As of now, Robinhood does not support the use of credits for purchasing digital assets. However, there are other exchanges like BYDFi that allow you to use credits for buying cryptocurrencies. If you're interested in using credits for digital asset trading, you may consider exploring other platforms that offer this feature.