Trading 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 Gifts Program
Robinhood introduced Thursday the upcoming launch of Robinhood Crypto’s “Cryptocurrency Gifts Program.”
Users can present as little as $1 in cryptocurrency, Robinhood’s web site particulars, noting that it could take 3-5 days for the fund to settle. “As with crypto trading, gifts are commission free,” Robinhood clarified, including:
Once 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 anticipated to launch on Dec. 22. However, crypto presents aren’t accessible in Nevada or Hawaii, Robinhood’s web site notes.
“Once the Sender selects and confirms the requested amount and the cryptocurrency, the sender is solely responsible for sharing a link to the gift, and the recipient can use this shared link to accept the gift,” Robinhood’s crypto presents phrases & circumstances element. The firm added:
Just be certain 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 just gave out crypto for the vacations.
Robinhood Crypto presently helps shopping for, promoting, and real-time market knowledge 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 checklist SHIB. However, Robinhood beforehand stated that it’s in no hurry to checklist one other cryptocurrency.
Robinhood’s third-quarter transaction-based income totaled $267 million, with $51 million coming from cryptocurrency buying and selling. In addition, 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 pockets launch.
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