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How To Invest In Bitcoin With Robinhood?

January 26, 2024

If you want to open a Robinhood account, you must comply with the following criteria:

  • You must be 18 years of age or older, 
  • Must have a valid Social Security Number (not a Taxpayer Identification Number),
  • Must have a legal U.S. residence address inside the 50 states or Puerto Rico.

We may grant exceptions for active U.S. military personnel stationed abroad. The Office of Foreign Assets Control, which oversees U.S. sanctions, may prevent nationals of certain nations from having access to this option (OFAC). Copies of a current U.S. passport, Permanent Resident Card, or U.S. immigrant visa may be required from citizens of these nations. Services for cryptocurrencies are provided by Robinhood Crypto, LLC ("RHC") (NMLS ID: 1702840).

Purchase of a Cryptocurrency

iOS

  • Navigate to the cryptocurrency’s Detail page.
  • Tap Trade.
  • Tap Buy.
  • Tap Order Types in the upper right order.
  • Select your preferred order type.
  • Confirm your order.
  • Swipe up to submit your order.

Android

  • Navigate to the cryptocurrency’s Detail page.
  • Tap Trade.
  • Tap Buy.
  • Tap Order Types in the upper right order.
  • Select your preferred order type.
  • Confirm your order.
  • Swipe up to submit your order.

Web

  • Navigate to the cryptocurrency’s Detail page.
  • Enter the amount you like to purchase in the order window on the screen’s right side.
  • Click Review.
  • Confirm your order.

Starting A Deposit

In the Statements and History area of the Account page, you can view your transfer history, your pending transfers, and the anticipated landing dates for each.

The "Statements and History" portion of the Account page has been renamed to the "History" section if you have several accounts with Robinhood.

For the iOS and Android apps, follow these steps to start a deposit:

If you're using an Android device, press the Menu symbol in the top right corner and then select the Account tab from the person icon in the bottom right corner. The Transfer button is located on the Account tab if you have several Robinhood accounts.

  • Transfers through Tap
  • Switch to Robinhood by tapping
  • Select the account you want to transfer money from.
  • Fill out the deposit.
  • Analyze the deposit
  • Deposit the money
  • Making a deposit online:

In the top right corner of the screen, click Account.

  • To Transfer, Click
  • On the panel titled Transfers, select the account you wish to transfer money from.
  • Put the deposit amount here.
  • Click Review, then click Send.

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