What is Robinhood Crypto?
Robinhood is an online exchange, broker, and investment platform offering services for stock markets and cryptocurrencies. Designed for accessibility, it caters to younger and inexperienced investors with its user-friendly mobile app, portfolio visualization tools, and market news updates.
Key features of Robinhood Crypto include:
- Trading instruments: Stocks, ETFs, commodities, options (limited), and cryptocurrencies.
- Regulatory compliance: FINRA-regulated (U.S. only as of 2025).
- Account tiers: Standard and Robinhood Gold for advanced traders.
Can You Day Trade Crypto on Robinhood?
Yes, Robinhood allows 24/7 crypto day trading with no PDT (Pattern Day Trader) restrictions. Unlike stocks, crypto trades aren’t subject to FINRA’s $25k equity rule.
Trading Mechanics:
- Order execution: Market orders collared at 1% (buys) and 5% (sells) based on last trade price.
- Time limit: Orders expire if unfilled within 5 minutes.
- Flexibility: No daily trade limits for crypto.
👉 Start trading crypto on Robinhood today
Pros and Cons of Robinhood Crypto Day Trading
| Pros | Cons |
|---|---|
| No minimum capital requirement | High volatility risks |
| Fractional trading support | Potential for obsessive trading habits |
| 24/7 market access | Limited crypto selection (7 coins) |
| Low fees (no commissions) | No direct crypto withdrawals (yet) |
How to Day Trade Crypto on Robinhood
- Open & verify your account: Use the mobile app for seamless ID verification.
- Deposit funds: Link a bank account via "Deposits and Withdrawals."
- Select assets: Choose from BTC, ETH, DOGE, etc.
- Research & strategize: Track trends and set clear entry/exit rules.
- Execute trades: Buy/sell based on real-time data.
- Monitor & adjust: Use stop-loss orders to manage risk.
Available Cryptocurrencies on Robinhood
| Coin | Trading Pair | Price (2025) |
|---|---|---|
| Bitcoin (BTC) | BTC/USD | $60,466.19 |
| Ethereum (ETH) | ETH/USD | $4,304.27 |
| Dogecoin (DOGE) | DOGE/USD | $0.240491 |
| Litecoin (LTC) | LTC/USD | $235.48 |
👉 Compare Robinhood with other platforms
Robinhood Crypto Fees and Alternatives
- Fees: Zero commissions; revenue sourced from order flow and margin loans.
Top Alternatives:
- Webull: Similar fee structure but weaker mobile UX.
- Coinbase: Wider coin selection but higher fees.
FAQs
Can I day trade crypto with less than $25k on Robinhood?
Yes! Crypto isn’t bound by FINRA’s PDT rule.
What happens if my account falls below $25k?
Only affects stock/options trading—no impact on crypto.
Are there withdrawal limits for crypto?
Currently, Robinhood doesn’t support crypto withdrawals, but wallets are planned.
Is Robinhood available internationally?
No—U.S. residents only as of 2025.
Summary
Robinhood offers a beginner-friendly gateway to crypto day trading with no capital barriers and 24/7 access. While its limited coin selection and withdrawal restrictions are drawbacks, its fee-free model and intuitive interface make it a solid choice for new traders. Always pair trading with thorough research and risk management.