When can I buy cryptocurrencies after I make a deposit?
If you have a Robinhood account, you get instant access to your funds to up to $1,000. Additional funds 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.
How do I report digital currency on my taxes?
Digital currency held as a capital asset will be taxed as property, and subject to capital gains and losses. Please consult your tax advisor for more information on filing taxes.
Can I transfer my existing coins into Robinhood?
At this time, we don’t allow transfers of your existing cryptocurrency assets into your Robinhood Crypto account. There are a few reasons for this, but our primary concern is to prevent money from illegal activity being used for transactions on Robinhood Crypto.
We’re currently building specific anti-money laundering measures on our platform in order to protect both our platform and our users. We’ll be sure to update you if and when this type of transfer becomes available.
* Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. Unless stated otherwise, all references to Robinhood refer to Robinhood Financial LLC.