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Can I earn free cryptocurrencies with Robinhood free stocks?

avatarHeller McDonoughDec 15, 2021 · 3 years ago3 answers

Is it possible to earn free cryptocurrencies by using Robinhood's free stocks feature? How does it work and what are the requirements?

Can I earn free cryptocurrencies with Robinhood free stocks?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, you cannot directly earn free cryptocurrencies with Robinhood's free stocks feature. The free stocks feature allows users to receive free stocks of publicly traded companies, not cryptocurrencies. However, you can use the profits from selling those free stocks to invest in cryptocurrencies if you wish. Just keep in mind that investing in cryptocurrencies carries its own risks and it's important to do thorough research before making any investment decisions.
  • avatarDec 15, 2021 · 3 years ago
    No, Robinhood's free stocks feature does not provide a way to earn free cryptocurrencies. The free stocks are typically shares of publicly traded companies and not cryptocurrencies. If you're interested in earning cryptocurrencies, there are other platforms and methods available such as mining, staking, or participating in airdrops and bounty programs. It's important to be cautious and do proper research before engaging in any cryptocurrency-related activities.
  • avatarDec 15, 2021 · 3 years ago
    While Robinhood's free stocks feature does not directly offer free cryptocurrencies, you can use the profits from selling those free stocks to invest in cryptocurrencies on other platforms like BYDFi. BYDFi is a digital currency exchange that provides a wide range of cryptocurrencies for trading. However, it's important to note that investing in cryptocurrencies carries risks and it's crucial to understand the market and make informed decisions. Always do your own research and consult with professionals if needed.