Cryptocurrency Q&A
Do you actually own crypto on Robinhood?
Do you actually own crypto on Robinhood?
EchoWhisper
Mon Dec 30 2024
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6 answers
1418
I'm wondering if the cryptocurrency I have on Robinhood is actually mine, or if it's just a representation of value that I don't really own.
6 answers
RubyGlider
Wed Jan 01 2025
This means that they cannot buy Bitcoin or other cryptocurrencies and subsequently move these assets to a crypto wallet or cold storage.
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SumoStrength
Wed Jan 01 2025
Robinhood's approach to cryptocurrency ownership differs significantly from traditional methods.
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EnchantedPulse
Wed Jan 01 2025
On Robinhood's platform, users do not actually possess their crypto assets.
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KimchiChic
Tue Dec 31 2024
Instead, users are limited to selling their crypto holdings.
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Giulia
Tue Dec 31 2024
When they do sell, they can only receive the proceeds in the form of fiat currency.
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