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How can I enable options trading for cryptocurrencies on Robinhood?

avatarchathuranga sampathDec 16, 2021 · 3 years ago3 answers

I want to start options trading for cryptocurrencies on Robinhood, but I'm not sure how to enable it. Can you guide me through the process?

How can I enable options trading for cryptocurrencies on Robinhood?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure, enabling options trading for cryptocurrencies on Robinhood is a straightforward process. First, make sure you have a Robinhood account and it's funded. Then, open the Robinhood app and go to the 'Account' tab. Scroll down and tap on 'Settings'. In the settings menu, you'll find an option called 'Options Trading'. Tap on it and follow the prompts to enable options trading for cryptocurrencies. Once enabled, you'll be able to trade options for cryptocurrencies on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    Enabling options trading for cryptocurrencies on Robinhood is easy! Just follow these steps: 1. Open the Robinhood app and log in to your account. 2. Tap on the 'Account' tab at the bottom right corner. 3. Scroll down and select 'Settings'. 4. Look for the 'Options Trading' option and tap on it. 5. Follow the on-screen instructions to enable options trading for cryptocurrencies. That's it! You're now ready to start trading options on Robinhood.
  • avatarDec 16, 2021 · 3 years ago
    To enable options trading for cryptocurrencies on Robinhood, you need to have a Robinhood Gold account. Robinhood Gold is a premium subscription service offered by Robinhood. It provides you with additional features, including the ability to trade options for cryptocurrencies. To upgrade to Robinhood Gold, go to the 'Account' tab in the Robinhood app and tap on 'Upgrade to Gold'. Follow the prompts to complete the upgrade process. Once you have Robinhood Gold, you'll be able to enable options trading for cryptocurrencies in the app.