Why can't Robinhood users buy cryptocurrencies?

3 answers

• Dec 19, 2021 · 3 years ago
  Robinhood users cannot buy cryptocurrencies because Robinhood is primarily a stock trading platform and does not support direct purchases of cryptocurrencies. They only offer trading of stocks, options, and ETFs. If you want to buy cryptocurrencies, you will need to use a dedicated cryptocurrency exchange like Binance or Coinbase.
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• Dec 19, 2021 · 3 years ago
  The reason Robinhood users can't buy cryptocurrencies is because Robinhood does not have the necessary infrastructure to support direct cryptocurrency purchases. Their platform is designed for stock trading and does not have the same features and security measures required for cryptocurrency trading. If you're interested in buying cryptocurrencies, it's recommended to use a specialized cryptocurrency exchange.
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• Dec 19, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of cryptocurrencies for trading. Unlike Robinhood, BYDFi is specifically designed for cryptocurrency trading and provides a secure and user-friendly platform for buying and selling cryptocurrencies. If you're looking to buy cryptocurrencies, BYDFi is a great option to consider.
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