Robinhood Crypto is available only to customers in select states, including: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming. All supported states are listed on the Help Center.
Cryptocurrency trading offered through Robinhood Crypto, LLC. Securities offered through Robinhood Financial LLC, member FINRA/SIPC.
You don’t have enough buying power to place the trade.
Cryptocurrencies are non-marginable and can’t count as collateral, so you’ll need to have enough cash in your account to place the order.
You don’t have enough equity to reach your margin minimum. If you have a Gold account and are using Gold Buying Power, you won’t be able to place a cryptocurrency order in your Robinhood Crypto account if doing so would cause you to fall below your margin maintenance or minimum balance in your Gold account. Also, in a Robinhood Instant or Gold account, you cannot place a trade that would cause you to fall below your pattern day trade minimum equity.
Your account is being prevented from buying stocks.
But with all the different options out there, you’re worried about which option is best.
If it’s supported in your country, the exchange with some of the lowest fees and simplest user interface would be Coinbase.
If this option doesn’t work for you, we’d recommend learning about some of the other exchanges mentioned in this guide.
Keep reading, and we’ll teach you how to buy Ripple with every method imaginable, allowing you to make an educated decision!
Thankfully, due to the massive buying demand, fiat exchanges such as Coinbase have decided to add Ripple to their exchange.
To get started, create an account on Coinbase. They may ask for some personal information for verification purposes.
From here, you can purchase Ripple for US Dollars.
XRP is a cryptocurrency.
Robinhood only offers BTC, ETH, BCH, LTC, DOGE, ETC, and BSV at the moment. Lots of regulation involved and only a few states allow the exchange.
Just be glad you can’t buy it. It’s price vs BTC has been dropping steadily for more than a year.
If Ripple as a company is valuable, and they use XRP as their currency, wouldn’t XRP’s value grow with the company? Ripple has a really good model
keep your nonsense to yourself. «XRP is only worth something because people are mistaking it for Ripple stock» is the worst argument ive seen in this space for many years.
Ripple cannot create more XRP due to the XRP ledger being decentralized. The company has 7% voting power.
If you think Robin hood ACTUALLY deals in crypto I have some BCC tokens to sell you.
I realized this after I bought some. I went to send it out, and a big ol’ NOPE!
I totally lost interest in trading crypto via their platform after that moment.
I believe they originally planned or even did allow transferring it off the platform if you contacted them, but have since changed and do not currently allow it. People using robinhood for crypto purchases aren’t really in the market for more that buying, holding and selling. And it’s a great low barrier entry that can get people more interested in crypto and push them into learning more about it.
I would criticize Robinhood for this, but its not like I have a whole lot of uses for my crypto at the moment other than hodling or selling.
I’m a fan of Robinhood.
This is probably old news, but I just got an email that Robinhood now supports buying and selling crypto in my state. Looked into it and found they only support five right now and xrp is not one of them.
I know in the grand scheme of things this isn’t that important to the adoption of xrp but…come on… Dogecoin? Really?
Because Robinhood crypto is a joke, and you can’t even withdraw any crypto you ‘bought’.
They do — its area specific for w/e reason.
I know people in CA and MO can buy xrp.
There’s a couple of other states that can too.
I wish I could get xrp on my Robinhood, right now got Jump hoops, RH is just so much easier.
because they know people will buy more XRP than BTC or ETH.
How is it that Dogecoin deserved a spot on their crypto list and not XRP? My usual process of buying XRP just takes too long, and I end up not being able to buy with my gut.
I don’t frequent this subreddit, and didn’t see anything in a quick search. Has there been any rumors of this??
I used to always do USD to ethereum on coinbase. Then transfer eth to binance and trade the eth for xrp.
Now, I strictly use uphold. It takes 7ish days to actual receive the xrp, but the price is locked in.
It’s real easy to create an account and put your bank info on there.
Then I transfer it of uphold to my ledger or to binance, whatever I need.
Thanks, I’ll look into it! Yeah my method was coinbase as well, but they blocked purchases through Capital One credit cards, and the bank transfer took almost two weeks before I had XRP last time.
Earlier today I received an email saying I had been approved access to join begin buying cryptocurrency on Robinhood.
I just bought one Ethereum on Robinhood crypto, as I had some buying power in my Robinhood account already. I have to say, the layout, the ease of purchase, the option of placing stop-loss and limit orders — these are incredible attributes of the app. I am likely going to sell all of my crypto on Coinbase and begin using Robinhood instead. It’s worth mentioning that there are currently 16 coins listed (oddly, including DogeCoin).
Lastly, my favorite part is that I paid zero fees on my purchase.
I don’t know how long Robinhood will be continuing this but I am currently very excited about it. Hopefully this will bring some much-needed energy back into the markets.
The world of cryptocurrency has been turned upside down with the announcement of the popular no commission stock purchasing app Robinhood entering the crypto-space. You can now in select states purchase Bitcoin (BTC), Ethereum (ETH) with Litecoin (LTC) and Ripple (XRP) coming soon.
2. Select the cryptocurrency you would like to purchase (currently only Bitcoin (BTC) and Ethereum (ETH) is available to purchase, Litecoin (LTC) and Ripple (XRP) will be coming soon) and click the BUY button at the bottom of the screen.
3. Choose the amount of cryptocurrency you want to buy with the Robinhood app and click the check button to confirm your purchase.
4. If you have not connected a payment source or bank account and funded your account you will be asked to deposit fiat (USD) into the Robinhood app.
If your wondering if you can buy Ripple on Robinhood app were here too help. Robinhood for the most part has been my go to stock trading app for the last 4 plus years. I have managed to do pretty well for myself financially while using it. Within the last year it has made the leap into cryptocurrency trading which does have some draw backs. As we get more into it you can see our live video review below showcasing how to use it for cryptocurrency.
First off Ripple also known as xrp could be one of the best crypto investments to get into for the upcoming years. While I don’t expect anyone to follow my advice I do believe it could show some strong returns. As far as being able to buy Ripple on Robinhood goes they currently do not allow it. Right now Robinhood only offers the option to buy some of the major coins such as Bitcoin.
It seems as though everyone is jumping on the cryptocurrency train right about now. And Ripple (XRP) is quickly becoming one of the hottest alternative coins on the market. But how do you buy Ripple? And where?
The first essential step in buying Ripple is, well, knowing where to buy Ripple. Unfortunately, not every cryptocurrency exchange has Ripple, but there is a hefty list of recommended exchanges where you can get your fix.
A cryptocurrency wallet is a place to digitally store, send, or receive cryptocurrency via having a special key. Cryptocurrency wallets can be physical or online, and often offer exchange services in addition to storing. Some Ripple wallets include the Leger Nano S — an appealing option for many given its physical form (it looks like a USB card). Another popular option is Toast Wallet, a free online wallet that supports XRP.