My Robinhood account was just activated for crypto currency trading. This is how it worked.
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I made a $10 purchase of bitcoin as a test. The $10 got me 0.00119335 bitcoin at about $8,379. I checked the current price on Coinbase at as close to the same time as this transaction, at it was $8,343. While they say there is no transaction fee, it looks like they take a bit of a spread.
I probably won’t be doing much, if any, crypto stuff on Robinhood, but it’s nice that’s it’s available.
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Thanks for the data point on this. I was interested in doing this, but I can’t figure out how to get it set up.
