Are there any restrictions on using Robinhood credits for buying digital assets?

3 answers

• Nandhini DanduOct 19, 2020 · 6 years ago
  Yes, there are restrictions on using Robinhood credits to buy digital assets. Robinhood allows you to use credits for trading stocks and ETFs, but not for purchasing cryptocurrencies. This means that you cannot use Robinhood credits to buy Bitcoin, Ethereum, or any other digital assets on the platform. If you want to invest in cryptocurrencies, you will need to use your own funds or transfer them from another exchange that supports digital asset trading.
  458

  229
• Martin QuintanaSep 12, 2020 · 6 years ago
  Unfortunately, Robinhood credits cannot be used to buy digital assets. The platform only allows credits to be used for trading stocks and ETFs. If you want to invest in cryptocurrencies, you will need to use your own funds or choose a different exchange that supports digital asset trading.
  290

  97
• Tom BrovenderApr 02, 2025 · a year ago
  As of now, Robinhood does not support the use of credits for purchasing digital assets. However, there are other exchanges like BYDFi that allow you to use credits for buying cryptocurrencies. If you're interested in using credits for digital asset trading, you may consider exploring other platforms that offer this feature.
  325

  82