Buying and selling platform Robinhood is launching a cryptocurrency presents program, permitting customers to present a number of cryptocurrencies, together with bitcoin, dogecoin, ether, bitcoin money, and litecoin. As with crypto buying and selling, presents are fee free and customers can present as little as $1 in cryptocurrency.
Robinhood’s Crypto Items Program
Robinhood introduced Thursday the upcoming launch of Robinhood Crypto’s “Cryptocurrency Items Program.”
Customers can present as little as $1 in cryptocurrency, Robinhood’s web site particulars, noting that it might probably take 3-5 days for the fund to settle. “As with crypto buying and selling, presents are fee free,” Robinhood clarified, including:
When you’ve custom-made your distinctive present, you possibly can ship it on to your particular somebody through a particular hyperlink that’ll go straight to their telephone.
The crypto presents program is predicted to launch on Dec. 22. Nonetheless, crypto presents aren’t accessible in Nevada or Hawaii, Robinhood’s web site notes.
“As soon as the Sender selects and confirms the requested quantity and the cryptocurrency, the sender is solely liable for sharing a hyperlink to the present, and the recipient can use this shared hyperlink to just accept the present,” Robinhood’s crypto presents phrases & situations element. The corporate added:
Simply make sure that your recipient has a Robinhood Crypto account to just accept the present inside 14 days. For presents not accepted, no sweat; you received’t be charged, and also you’ll nonetheless get bragging rights that you simply gave out crypto for the vacations.
Robinhood Crypto at present helps shopping for, promoting, and real-time market information for bitcoin (BTC), bitcoin money (BCH), bitcoin sv (BSV), dogecoin (DOGE), ethereum (ETH), ethereum basic (ETC), and litecoin (LTC).
Supporters of the meme cryptocurrency shiba inu have petitioned on Change.org for Robinhood to record SHIB. Nonetheless, Robinhood beforehand mentioned that it’s in no hurry to record one other cryptocurrency.
Robinhood’s third-quarter transaction-based revenue totaled $267 million, with $51 million coming from cryptocurrency buying and selling. As well as, 40% of its cryptocurrency transaction-based income for the three months ended Sept. 30 was attributable to transactions in dogecoin.
Earlier this week, Chainalysis introduced that it has partnered with Robinhood to spice up the buying and selling platform’s compliance forward of its crypto wallet launch.
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