If you have a Robinhood Instant account, you will typically get instant access to your funds up to $1,000 to trade cryptocurrency.
If applicable, remaining funds not instantly available will land in your account after normal settlement times.
If you have a Robinhood Gold account, you’ll have instant access to your funds up to your Gold tier amount, and any additional funds will land in your account after normal settlement times.
For Robinhood Crypto, funds from stock, ETF, and options sales become available for buying within 3 business days. However, limited cash deposits and all proceeds from cryptocurrency sales are generally available to instant accounts immediately. See Crypto Buying Power on our Cryptocurrency Investing page for more details.
Please note: Robinhood Crypto may limit access to instant deposits at any time. We’ll communicate with affected customers if and when we make updates to instant deposit availability.
You can’t use Gold Buying Power to purchase cryptocurrencies on Robinhood Crypto.
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Tax Reporting
Tax Reporting
Digital currency held as a capital asset will be taxed as property, and subject to capital gains and losses. We’ll provide you with your tax documents during tax season. Check out our Tax Center for more information on Robinhood’s tax documents, and please consult your tax advisor on account-specific tax filing information.
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Crypto Buying Power
Crypto Buying Power
Funds from stock, ETF, and options sales become available for buying cryptocurrency within 3 business days. However, limited cash deposits and all proceeds from cryptocurrency sales are generally available to instant accounts immediately. Please note: Robinhood Crypto may limit access to instant deposits at any time. We’ll communicate with affected customers if and when we make updates to instant deposit availability.
The BITQ fund is a traditional ETF that invests 85% of its assets in pure-play crypto companies and the remainder in diversified businesses with exposure to crypto. The BITQ fund currently owns 27 stocks. Top holdings include cryptocurrency financial services firm Galaxy Digital Holdings Ltd.
Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.
Robinhood is considered one of the best platforms for trading stocks and crypto under one (virtual) roof. Robinhood is a regulated financial institution in the United States. They are regulated by FINRA as a broker-dealer and are registered with the United States Securities and Exchange Commission.
Investing in crypto assets is risky, but can be a good investment if you do it properly and as part of a diversified portfolio. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency.
Morgan Stanley – made follow-on investment in NYDIG's $1B Growth Equity round. BNY Mellon – follow-on investment in Fireblock's $550M Series E. Commonwealth Bank of Australia – participated in Gemini's $400M Series A. GS Growth – invested in Anchorage Digital's $350M Series C.
While we don't currently offer cryptocurrencies as an investment option, we acknowledge the impact they're making in the investing world. As cryptocurrencies and blockchain become increasingly mainstream, we'll continue to monitor their development and discern the best path forward for our investors.
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