Robinhood has an extensive library that will teach you the basics of investment through dozens of articles. The platform supports these users through its support infrastructure, which is replete with learning resources to help its users become more knowledgeable traders. Robinhood is particularly popular among the inexperienced and first-time traders. This means you cannot transfer them to an external wallet, nor can you use them to pay for services. However, Robinhood is strictly a trading platform, so any crypto you buy will be held by the company. You can place both market order and limit orders using Robinhood. Furthermore, any funds from the sale of stocks, ETFs, and options will not be available instantly for purchasing crypto and can take up to three business days. Firstly, you can only buy crypto with available funds or the settled cash in your account. There are a couple of things you need to keep in mind when trading crypto on Robinhood. Additionally, you can use the platform to keep an eye on the real-time price movement of ten other altcoins, including Bitcoin Gold, Monero, Dash, Ripple, Zcash, and more. Robinhood currently allows you to trade seven cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin.

Note, however, that you’ll have to share your address and contact details to verify your identity. Signing up for the platform is pretty intuitive.

(Image credit: Robinhood) Interface and ease of use

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