I had never heard of this app (no surprise there as I don't invest in stocks), but upon hearing this news I downloaded the application to start messing around with it in anticipation of them allowing crypto buying and selling. The name probably makes reference to the whole “take from the rich, give to the poor” ethos from the legendary Robin Hood, as RobinHood prides itself on offering commission free trading, allowing users of modest means to invest by allowing the purchase of fractional shares, and even gives back to its users by paying 0.3% interest APY on cash left un-invested idling in accounts. Per the license, Robinhood is now permitted to provide services involving seven different cryptocurrencies in the state of New York, which include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). These let you buy Crypto at the extract price you want. Robinhood Crypto is already available in over thirty states and will roll out in New York over the coming months. Many people have this problem where there are very few direct fiat gateways into other altcoins. Or you want to sell when the price surpasses $6,500. Can I use Robinhood in Canada And they’re easy to set up too, especially when trading on Robinhood. Ever since Robinhood, a well known financial platform, launched its crypto division, users started wondering how it fares against the top dog of crypto exchanges, Coinbase.To stop the speculation and anecdotal evidence for or against each of the platforms, we decided to do a thorough Coinbase vs Robinhood comparison with all important stuff like fees, features, security, supported … Two months after starting to roll out crypto trading, Robinhood has finally expanded the service to another American state. Trade cryptocurrencies, commission-free. The Robinhood mobile app lets U.S. customers (mostly millennials) trade cryptocurrencies, stocks, … Information about Robinhood how to earn btc fast Crypto’s state licenses can be found here and you can see our full Crypto Risk Disclosure here For Robinhood Crypto, funds from stock, ETF, and options sales become available for buying within 3 business days. — Robinhood (@RobinhoodApp) August 2, 2018. Quick Links. Robinhood Markets, a Silicon Valley-based stock trading app company founded in 2013, and which launched Robinhood Crypto a year ago, announced today that the company has received a virtual currency license, also known as the BitLicense, and a money transmitter license in New York State.. Robinhood Crypto is only available in the United States, as of March 2019. Information is from sources deemed reliable on the date of publication, but Robinhood does not guarantee its accuracy. Gemini co-founders robinhood cryptocurrency unavailable Cameron and Tyler Winkelvoss had. Currently, the Robinhood app can be downloaded by 18+ legal US residents on Android and iOS. Robinhood rolled out their crypto program on a state-by-state basis, probably due to regulations. The service will be available through the new Robinhood Crypto platform. Robinhood, the brokerage firm known for its free equity trades, has added more U.S. states to its lineup of who can trade cryptocurrencies on a commission-free basis. With New York, Robinhood Crypto is now available in 39 states, including Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Illinois, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Virginia, … Robinhood Crypto is hiding fees in unexpected places, while promising that they aren’t in their documentation (Disclaimer: I am not lawyer and this is not legal advice. Unfortunately, Robinhood is not available in Canada, however if you are looking for a similar platform that’s easy to use and offers zero commission trading, you should definitely check out the Canadian equivalent: Wealthsimple Trade and get a $25 bonus when you fund your account. In general the design and user experience are really great! Robinhood Platform Launches in Ohio, Reaching Halfway Point Across the Country.