![]() Hitting the “buy” button will take you to a purchasing screen where you can enter the amount of fiat currency you would like to use to buy your crypto. The trade option will only be enabled if you already hold some of this crypto with Robinhood. Navigate to the bottom of the screen to choose either the “trade” or “buy” button.The page will have live pricing data at the top and a chart of activity spanning from “live” all the way through to historical data from five years ago. For example, if you select Ether, you will be taken to the Ether trading page. Once you have pulled up the list of available cryptocurrencies, make your selection to go to its page.Then, search for “crypto” to bring up a list of all tradeable cryptocurrencies, or search for the specific cryptocurrency you want to buy. Navigate to the search icon located at the bottom center of the screen.To purchase crypto on the Robinhood app you will need to: don’t currently offer crypto trading with Robinhood. This deposited amount is now your buying power to buy stocks and crypto via the app.Īll crypto trading is done through a separate Robinhood Crypto account, which some users may not be able to access depending on their state or country. You will need to transfer money from your bank account, which will be held as “brokerage cash” on the Robinhood platform. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) - what are you waiting for? How to Buy Crypto on RobinhoodĪs a new investor on Robinhood, you can begin the crypto buying process by logging into your Robinhood account via the desktop or mobile apps. “We’re delighted Robinhood has introduced on-chain support for MATIC deposits and withdrawals, further enhancing their impressive suite of integrated services, enabling access to the Coinbase wallet and Metamask, making accessing digital currencies and now MATIC as seamlessly as possible for their users,” said Hamzah Khan, Head of DeFi at Polygon.Join us in showcasing the cryptocurrency revolution, one newsletter at a time. The platform has pledged to become carbon-negative by the end of the year and committed $20 million to sustainability projects. As the leading scaling platform, Polygon helps take the load off the Ethereum mainnet and execute transactions off-chain, offering lower gas fees and higher throughput without compromising on security.Īs a carbon-neutral network, Polygon also ensures that each transaction's carbon footprints are entirely offset. Polygon was a good fit for Robinhood since it allows users to save money on fees and eliminates long confirmation times while enabling them to benefit from Ethereum’s robust security model. The integration enables Robinhood customers to use the MATIC on the PoS chain to perform various activities like lending, borrowing, providing liquidity, swapping for other tokens on the Polygon PoS chain, and multiple other use cases available to them on the PoS chain through more than 37,000 dApps deployed on-chain like AAVE, Uniswap, and Balancer. Functionality that is only currently provided by major cryptocurrency exchanges like Binance,, and many others. ![]() The news comes shortly after the listing of Polygon’s MATIC token on Robinhood, allowing users to freely buy and sell MATIC in the app. This is important because, in addition to buying and selling, users can now transfer MATIC to and from the Polygon network via Robinhood without paying bridging fees. The development follows Robinhood’s recent announcement that it supports individual users’ cryptocurrency wallets so anyone can deposit and withdraw crypto. The move is set to bring all of the benefits of Ethereum’s Layer-2 (L2) solutions to Robinhood users for the first time, including faster transactions and lower fees as compared to Ethereum. Today, we’re thrilled to announce that Robinhood, the popular stock and crypto investing app in the US, has launched support for deposits and withdrawals of MATIC on the Polygon Proof-of-Stake (PoS) chain.
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