Robinhood is a major global player as far as brokerages go, and it’s recently had a major impact on the crypto market. It supports equities, fractional shares, recurring investments, and 7 of the biggest cryptocurrencies – making it an ideal fit for equity investors that want to invest in crypto as well.
Robinhood has a referral program for its new clients: by using our referral link, you will receive a free stock after signing up and linking your bank account. You will also receive your own referral code, which you can use to invite friends and earn an additional free stock every time one of them signs up and links their bank account.
Alternatively, if you're looking for a safe, secure way to start investing in crypto, I highly recommend Capital, my #1-ranked cryptocurrency exchange. Capital has millions of satisfied users, doesn't charge any trading fees, and they can keep your crypto safe, too.
What Is Robinhood?
Robinhood is a US-based financial services company that offers commission-free trading of stocks, mutual funds, exchange-traded funds (ETFs), options, and cryptocurrencies through its mobile app and website. It is designed to make investing accessible to everyone, regardless of their level of experience or wealth.
Robinhood is a major global player as far as brokerages go, and it’s recently had a major impact on the crypto market. It supports 7 cryptocurrencies, making it an ideal fit for equity investors that want to invest in cryptocurrency as well.
Robinhood supports stocks, bonds, ETFs, options, and crypto. If you’re looking for mutual funds, forex or future investments, Robinhood is not for you.
How To Use Your Robinhood Referral Code
Robinhood has a referral program for new traders. When you sign up with Robinhood using our referral link (or our referral code YOREOYSTER) and link it to your bank account you will receive a free stock. This stock could be anywhere from $3 to $225; The value of the stock fluctuates with the market.
You will also receive your own referral code, which you can use to invite friends and earn a free stock when they link their bank account to their Robinhood account. Keep in mind you can earn a maximum of $500 worth of stocks per year.
To use the promo code:
- Visit Robinhood‘s page. Click on the Sign Up button.
- Fill in some of your basic information.
- Download the Robinhood app.
- Finish the sign up process.
- Claim your free stock. (important: you can only claim your free stock if you use our referral link).
(We’ve included the complete sign-up process on the How To Sign Up With Robinhood section).
What Coins Does Robinhood Offer?
Currently Robinhood supports 7 cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, EthereumClassic, and Litecoin.
Robinhood Features
Some of Robinhood’s best features include:
- Low trading costs.
- Supports fractional shares and cryptocurrencies.
- Good cash management and recurring investments features
Robinhood Fees
- No minimum account balance.
- No monthly fees and no inactivity fee.
- Commission free equity trades.
How To Sign Up With Robinhood
#1 Visit Robinhood‘s page. Click on the Sign-Up button.
#2 Fill in some of your basic information and create a password.
#3 To continue the process click the Get The App button and download the official app from the app store.
#4 Finish the sign-up process.
#5 If you used our referral link you can claim your free stock by clicking the Claim your free stock now button.
#6 If you are interested in crypto you can also sign up for the Robinhood Crypto waitlist.
Robinhood’s Referral Program
Like Charles Schwab and other popular brokers, Robinhood offers a referral program. After creating your Robinhood account and linking your bank account, you will receive your free stock; you will also receive your referral code; you can find it by opening the app and tapping on your profile. Tab the Get Free Stock button then tap Invite Contacts. Tap the friends you’d like to refer. After you receive your referral link, you can:
- Share your code via text, email, or to your social media audience.
- Once a referee signs up and links his bank account you will both receive a free stock.
- There’s no limit to how many people you can invite.
Is Robinhood Safe & Legit?
Robinhood, like most brokerage firms, is regulated by the Securities and Exchange Commission (SEC). It also is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation.
Bonus Offer: Our #1-Rated Crypto Exchange
More and more, achieving financial success means having at least a small amount of exposure to cryptocurrency. But investing in crypto requires a trustworthy crypto exchange, and the exchange you choose will impact how profitable you can be.
I personally suggest using Capital, a fee-free exchange that gives you direct access to 100+ cryptocurrencies with as little as $20. Here are just some of the things you can do with Capital:
- Trade crypto, stocks, forex, commodities and more with zero trading fees
- Trade with up to 200x leverage
- Reach your dedicated account manager over the phone, email or live chat with any questions
- Skip the waiting list and open your account in 60 seconds using my unique referral link
Capital is a widely trusted exchange that I've personally used for more than 4 years. Whether you want to make your first crypto purchase or just spread out where you hold your coins, I can't recommend Capital enough.
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Conclusion
Robinhood is a major global player as far as brokerages go, and it’s recently been having a major impact on the crypto market. It supports equities, fractional shares, recurring investments, and 7 of the biggest cryptocurrencies – making it an ideal fit for equity investors that want to invest in crypto as well.
Robinhood has a referral program in place for its new clients: by using our referral link you will receive a free stock after signing up and linking your bank account. You will also receive your own referral code, which you can use to invite friends and earn an additional free stock every time one of them signs up and links their bank account.
