Robinhood has announced today that it's first set of customers can now trade Cryptocurrencies on it’s platform in addition to the stocks and ETF’s that can already be traded there without any commission fees. In addition to buying and selling BTC and ETH, Robinhood users will be able to track information about 16 more cryptocurrencies
From Robinhood,
"Cryptocurrencies, stocks, ETFs, and options are now available side by side — all easily accessible in one app. Get instant access to your funds when you deposit or sell stocks to buy cryptocurrencies. Bitcoin and other cryptocurrencies are now available on our trusted, secure investment platform. We use cutting edge security measures to protect your assets and your personal information.
Robinhood Crypto will be available to our first group of customers in February, on a state by state basis.You can move up the list by inviting friends to join Robinhood. If your friends sign up, you’ll not only get access to Robinhood Crypto sooner, but you’ll also both get a free stock like Apple, Ford or Sprint.
Currently, Robinhood Crypto supports market and limit orders for cryptocurrencies. Market and limit orders for cryptocurrencies work similarly to orders for stocks and options.
When placing market orders, we display the best available price on Robinhood Crypto, which is based on the exchanges we connect to. You’ll never get charged a commission or additional trading fee on top of the execution price. For limit orders, you specify the maximum (or minimum) price you are willing to buy (or sell) at.
Cryptocurrency prices are volatile. To help protect your market orders against dramatic price moves, market orders are adjusted to limit orders collared up to 1% for buys, and 5% for sells. Any price difference you may see between the estimated price and the execution price is due to market movement and is not something that Robinhood profits from."
Sign up now: https://crypto.robinhood.com/
Sign up now: https://crypto.robinhood.com/