Robinhood Crypto Review 2023

Robinhood Crypto is an excellent exchange for beginners. But experienced users may not like its small coin selection.

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By Tom Blackstone Crypto Expert Tom Blackstone, Cryptocurrency Expert & Gabe Turner Gabe Turner, Chief Editor
Robinhood Crypto 2023 - Product Image
Editors Rating:
9.1 /10

What We Like

What We Don't Like

  • Cumbersome account setup: It can take 1-3 days to get approved for the Robinhood “crypto wallet.” Until then, your crypto may be stuck in the exchange. The process for getting this set up is also a bit buggy.
  • Very limited coin selection: Offers only 11 of the most popular cryptos. Low-market cap, exotic coins are not available.
  • No advanced trading tools: Doesn’t offer candlestick charts, indicators, or other advanced trading tools.

Bottom Line

Robinhood Crypto is an excellent crypto brokerage for beginners and buy-and-hold investors. It’s simple and easy to get started with. By default, crypto cannot be withdrawn from Robinhood. This means that it is ultra-secure, just like the stock brokerage accounts most people are used to.

Robinhood makes you go through some extra hassles before it will let you withdraw crypto, so it may not be best for experienced crypto users. It also may not be the best exchange for serious traders who are looking for advanced trading tools.