Robinhood

Robinhood snapshot
Minimum Deposit $1
Deposit Methods ACH, Debit Card, Bank Account, Wire Transfer
iOS app score 4.2
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.2
Official rating from the Android Play Store as of November 18, 2024.
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Table Of Contents

I've been a Bitcoin user for quite some time, but when Robinhood started offering Bitcoin trading, I never looked into it.

As I've been building out this site, Robinhood has caught my attention as I quickly realized:

Robinhood offers some of the lowest fees for Bitcoin & crypto buying, selling and trading.

Before that, though, let's just get a few things out of the way.


Is Robinhood Safe & Trusted?

Robinhood is one of the most popular US exchanges for crypto, stocks, and more. As a regulated broker-dealer overseen by the SEC and FINRA, Robinhood offers several key safety features:

  • SIPC insurance coverage up to $500,000 for securities and cash, with additional coverage through Lloyd's of London up to $50 million per customer
  • Industry-standard encryption and security measures to protect user data and funds
  • Regulated by major US agencies including FinCEN, SEC and FINRA with proper licensing

Now, let's move into the details.


Robinhood Fees

Robinhood offers some of the lowest fees for Bitcoin & crypto buying, selling and trading.

Their fees are just 0.55% for buying Bitcoin and crypto.


My Real Life Test

I personally tested buying $100 worth of Bitcoin on Robinhood. Here are the results:

For $100, Robinhood was only charing a $0.55 fee.

Here are the images of the transactions:



Robinhood Has the Lowest Debit Card Fees

Since credit card processing fees are so high, most crypto exchanges charge around 3% minimum for using a debit card.

Robinhood is the exception.

Robinhood earns its profits from when you trade, and therefor they want you to deposit money into your account.

So, they offer a 0% fee for using a debit card.

Here is proof from my Robinhood account:

This means you can buy Bitcoin with a debit card for only 0.55%, which is the lowest I've personally seen.


Support for Bitcoin ETFs


Robinhood currently supports these Bitcoin ETFs:

  • iShares Bitcoin Trust (IBIT:NASDAQ)
  • Grayscale Bitcoin Trust (GBTC:NYSE)
  • Fidelity Wise Origin Bitcoin Fund (FBTC:CBOE)
  • ARK 21Shares Bitcoin ETF (ARKB:CBOE)
  • Bitwise Bitcoin ETF (BITB:NYSE)
  • Grayscale Bitcoin Mini Trust (BTC:NYSE)
  • Vaneck Bitcoin Trust (HODL:CBOE)
  • Valkyrie Bitcoin Fund (BRRR:NASDAQ)
  • Franklin Bitcoin ETF (EZBC:CBOE)
  • Invesco Galaxy Bitcoin ETF (BTCO:CBOE)
  • WisdomTree Bitcoin Fund (BTCW:CBOE)
  • Hashdex Bitcoin ETF (DEFI:NYSE)

Auto-DCA

Robinhood offers Auto-DCA, which is a feature that allows you to automatically buy Bitcoin at a set price.


Supported Coins

  • Aave (AAVE)
  • Avalanche (AVAX)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Compound (COMP)
  • Dogecoin (DOGE)
  • Dogwifhat (WIF)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Pepecoin (PEPE)
  • Shiba Inu (SHIB)
  • Solana (SOL)
  • Stellar Lumens (XLM)
  • Tezos (XTZ)
  • Uniswap (UNI)
  • USD Coin (USDC)*
  • XRP (XRP)

NOTE: Not all coins are available in every state and may be subject to regulatory approval in certain states.

*Not available for trading in New York or Texas




Frequently Asked Questions