How to Trade Crypto on Robinhood

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Category: Broker Guides | Author: Trading Brokers | Date: July 9, 2026

Cryptocurrency has become a major player in the world of investing, and platforms like Robinhood have made it accessible to more people. If you are looking to trade crypto on Robinhood, this guide will walk you through the process, from setting up your account to executing trades and managing your portfolio.

If you are interested in trading crypto, you can take a look at our best crypto brokers for some options.

Getting Started with Robinhood

Creating a Robinhood Account

Before you can trade cryptocurrencies on Robinhood, you need to create an account. Here’s how:

1. Download the Robinhood App: First, you need to download the Robinhood app from the App Store or Google Play Store, depending on your device.
2. Sign Up: Open the app and click on “Sign Up.” You will be prompted to enter your email address, create a password, and provide some personal information, such as your full name, address, date of birth, and the last four digits of your Social Security number.
3. Verify Your Identity: To comply with regulations, Robinhood requires you to verify your identity. This can be done by uploading a valid ID, such as a driver’s license or passport.
4. Link a Bank Account: To deposit funds into your account, link a bank account by providing your account details. You can fund your Robinhood account through bank transfers, debit cards, or other accepted methods.

Enabling Crypto Trading

Once your account is set up, you need to enable cryptocurrency trading on your Robinhood profile:

1. Go to Your Account Settings: Open the app and tap on the account icon in the lower right corner.
2. Select ‘Investing’: In the account menu, choose the ‘Investing’ tab.
3. Enable Crypto: Look for the cryptocurrency section and toggle the option to enable crypto trading. Robinhood may ask you to confirm that you understand the risks associated with trading cryptocurrencies.

How to Deposit Funds into Your Robinhood Account

To start trading cryptocurrencies, you first need to fund your Robinhood account. Here are the steps:

1. Access Your Account: Tap on the account icon in the bottom right of the screen.
2. Tap ‘Transfers’: Under the “Cash” section, select “Transfers.”
3. Add Funds: Choose the amount you want to deposit and the linked bank account or payment method you wish to use. Robinhood supports instant deposits up to $1,000, which allows you to start trading immediately.

How to Buy Crypto on Robinhood

Buying cryptocurrencies on Robinhood is a straightforward process. Follow these steps:

1. Navigate to the Crypto Section: On the app’s home screen, swipe right to access the “Crypto” tab. This section shows the different cryptocurrencies available for trading.
2. Choose Your Cryptocurrency: Robinhood offers a variety of cryptocurrencies to trade, including popular options like Bitcoin, Ethereum, and Dogecoin. Scroll through the list and select the cryptocurrency you want to buy.
3. Select ‘Buy’: Once you have chosen the cryptocurrency, click on the “Buy” button.
4. Enter the Amount: Input the amount you want to purchase. Robinhood allows you to buy fractional shares of cryptocurrencies, meaning you don’t need to buy a whole coin.
5. Confirm the Transaction: Review the transaction details and confirm your order. The trade will be processed instantly, and the crypto will appear in your portfolio.

How to Sell Crypto on Robinhood

Selling crypto on Robinhood follows a similar process to buying:

1. Go to the Crypto Tab: Access the “Crypto” section from the home screen.
2. Select the Crypto to Sell: Choose the cryptocurrency you want to sell from your portfolio.
3. Click ‘Sell’: Tap the “Sell” button next to the cryptocurrency.
4. Enter the Amount: Specify how much of your cryptocurrency you wish to sell. You can sell a portion or the entire amount.
5. Confirm the Sale: Review the transaction and confirm the sale. Once processed, the amount will be credited to your Robinhood cash balance.

Managing Your Crypto Portfolio

After buying and selling cryptocurrencies, you’ll want to manage your portfolio. Robinhood provides tools to track your investments:

1. Check Prices and Trends: On the crypto tab, you can see real-time prices and historical trends for each cryptocurrency. Robinhood offers charts that display price changes over various timeframes, such as the past day, week, or month.
2. Set Alerts: To keep track of price movements, you can set price alerts. Go to the cryptocurrency’s page, tap “Set Alerts,” and choose the price point at which you want to be notified.
3. Monitor Portfolio Performance: In the “Portfolio” section, you can view the total value of your crypto holdings. Robinhood updates the value of your portfolio in real-time based on market movements.

Important Features and Benefits of Trading Crypto on Robinhood

Zero Commission Fees

One of the major advantages of trading crypto on Robinhood is that there are no commission fees or transaction fees. This can make a significant difference in your profits, especially when compared to other platforms that charge fees on every trade.

Fractional Cryptocurrency Purchases

Robinhood allows you to buy fractional shares of cryptocurrencies, meaning you can invest in high-priced coins like Bitcoin or Ethereum with as little as $1. This makes it easier for new investors to start trading without needing to buy a whole coin.

Easy-to-Use Interface

Robinhood’s platform is designed to be user-friendly, especially for beginners. The app’s clean, simple interface makes it easy to navigate through the various sections and execute trades.

Real-Time Market Data

Robinhood provides real-time pricing data for all cryptocurrencies, which is essential for making informed decisions. You can view detailed charts, track price movements, and analyze trends.

Risks of Trading Crypto on Robinhood

While Robinhood makes crypto trading accessible, it’s essential to understand the risks involved:

1. Volatility: Cryptocurrency markets are known for their high volatility, meaning prices can change drastically in short periods. While this creates opportunities for profits, it also increases the potential for losses.
2. Limited Features: Robinhood does not offer some of the advanced features available on other crypto trading platforms, such as crypto wallets or advanced trading options.
3. No Withdrawals or Transfers: As of now, Robinhood does not allow users to transfer their cryptocurrency holdings to external wallets. You can only trade cryptocurrencies within the Robinhood platform.

Conclusion

Trading crypto on Robinhood offers an easy and commission-free way to invest in digital currencies. By following the steps outlined in this guide, you can get started with buying, selling, and managing your crypto portfolio. However, it is important to keep in mind the risks of cryptocurrency investing, such as volatility and limited features on Robinhood. Always make sure to do your research and only invest what you are willing to lose.

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