Robinhood

Robinhood offers commission-free investing with a user-friendly app that allows you to access your portfolio from the palm of your hands.

What can I do with the Robinhood App?

There are a lot of apps out there that allow you to buy stocks, but Robinhood pioneered the market with no commission fees.

You can easily buy & sell whole shares of stocks and now you have the ability to buy fractions of a stock.

What does that mean for you? It offers you flexibility in your investing. You can buy $50, $100, or even $234 worth of stock, instead of rounding up or down to the nearest whole share.

If $100 doesn’t cover the cost of a whole share of your desired stock, you can buy $100 worth now and buy more later. If the stock you are buying is less than $100, you will get multiple shares and a fraction of a share proportional to your purchase amount.

The same thing applies to crypto purchases. Even though 1 Bitcoin is thousands of dollars, you can buy a fraction of a whole bitcoin. Whether it’s $50 or $500 worth of bitcoin. You can decide how much to purchase based on your budget.

Why do I Love the Robinhood App?

The app is super simple to use. It’s very user-friendly and it’s robust enough for the novice and veteran trader.

What cryptocurrencies can I buy with Robinhood?

Currently, there are 7 cryptocurrencies available on Robinhood. Those 7 cryptocurrencies include:

• BTC – Bitcoin
• ETH – Ethereum
• ETC – Ethereum Classic
• DOGE – DOGE
• LTC – Litecoin
• BCH – Bitcoin Cash
• BSV – Bitcoin SV

What do I need to open an account?

You will need a phone to download the Robinhood app. Registration is fairly quick. 

If you want to buy cryptocurrencies and/or Stocks, you will need to complete a KYC (Know Your Customer) process within the app. You will need a passport or official identification to complete the registration.

The process may take a few days to complete, but you can purchase crypto and stocks with a few taps on your device once your account is approved.