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How to Buy Crypto with RobinHood

How to Buy Crypto with RobinHood. Cryptocurrency investments have steadily grown in popularity since pioneer Bitcoin became available in 2009. One out of ten people buys crypto today. Trading platforms such as Robinhood make trading cryptocurrency via their app at any time a breeze. Read on to learn more about how to use the Robinhood app to invest in virtual money.

In this article, we’ll show you how to buy crypto as a “market order” at its current market value. This gives you a chance to buy it at the best price possible. Also, you can set a “limit order,” which lets you choose the price the cryptocurrency should reach before the app buys it for you.

How to Buy Crypto With Robinhood in the iPhone App

Before purchasing crypto in Robinhood, you’ll need to transfer funds into your Robinhood account. Once you’ve connected your bank account to Robinhood, do the following to start a manual transfer:

  1. Open the Robinhood app.
  2. Tap the “Account” tab in the bottom right corner.
  3. Tap “Transfers” and then “Transfer to Robinhood.”
  4. Select the account you’ll be transferring funds from.
  5. Enter the amount.
  6. Check the amount and click “Send.”

Make a Market Order

With a “Market Order,” you’ll pay the current market price for the cryptocurrency you want. To make a market order:

  1. Tap the search icon at the bottom to find the cryptocurrency you want to buy.
  2. On the browse screen, type the name of the cryptocurrency you want to buy in the search box at the top. Or, tap “Crypto” under “Trending Lists” and choose crypto from the list.
    Crypto with RobinHood
  3. Tap “Buy” at the bottom.
  4. You can choose to buy a fraction of a coin from the “Market Order” screen.
    Put the amount you want to spend where it says “Amount in USD.”
  5. In the “Est (crypto name)” section, you can see how many coins your money will get you as a percentage.
  6. Check that your order is correct, then swipe up to send it.

Make a Limit Order

With a “Limit Order,” your order will be filled if and when the price of the cryptocurrency you want to buy hits the price you set. How to place a limit order:

  1. Tap the search icon at the bottom to find the crypto you want to buy.
    Crypto with RobinHood
  2. Via the browse screen, enter a search for the name of the crypto you wish to buy.
    Or tap “Crypto” under “Trending Lists” and then “Crypto.”
  3. At the bottom, tap “Buy.”
    4. Click on the arrow that points down at the top right of the “Market Order” screen.5. From the list of options, choose “Limit Order.”
    Crypto with RobinHood

6. Tap “Limit,” then at “Limit Price,” enter your limit price.

7. Tap “Continue.”

8. Put the amount of money you want to invest at your limited price in the “Amount in USD” box.

Crypto with RobinHood

9. Make sure your order is correct, then swipe up to send it.

How to Buy Crypto With Robinhood in the Android App

You’ll need money in your Robinhood account before you can buy crypto. Once you’ve linked your account to Robinhood, you can start a manual transfer by:

  1. The Robinhood app is opened.
  2. Tap the menu button in the upper right corner.
  3. Click “Transfers” and then “Transfer to Robinhood.”
  4. Choose the bank from which to transfer funds.
  5. Enter the transfer amount.
  6. Check your transfer, and then click “Submit.”

Make a Market Order

With a “Market Order,” you will pay the current market price for crypto.
To make a market order:

  1. Find the crypto you want to buy by selecting the search icon at the bottom.
  2. In the search box at the top of the browse screen, type the name of the cryptocurrency you want to buy. You can also tap “Crypto” under “Trending Lists” and then choose “Crypto.”
  3. Tap on “Buy” at the bottom.
  4. You will be able to buy a fraction of a coin from the “Market Order” screen. Put the amount you want to spend where it says “Amount in USD.”
  5. In the “Est (crypto name)” box, you can see how much of a coin your money will buy.
  6. Make sure your order is correct, then swipe up to send it.

Make a Limit Order

A “Limit Order” will be fulfilled when the crypto market value you’ve specified materializes. How to place a limit order:

  1. To find crypto, tap the search icon at the bottom of the screen.
    Crypto with RobinHood
  2. Enter a search for the crypto name from the browse screen. Or tap “Crypto” under “Trending Lists” and then choose “Crypto.”
    Crypto with RobinHood
  3. Tap “Trade” at the bottom.
  4. On the “Market Order” screen, click the pull-down arrow in the top left corner.
  5. Tap “Limit Order.”
    Crypto with RobinHood
  6. Tap “Limit,” then enter your price where it says “Limit Price.”
  7. Hit “Continue.”
    Crypto with RobinHood
  8. Put the amount you want to invest at your limit price in “Amount in USD.”
  9. Check to see if your order is correct, then swipe up to send it.
    Crypto with RobinHood

How to Buy Crypto With Robinhood on a PC

You’ll need money in your Robinhood account before you can buy crypto. First, link your account to Robinhood. Then, to start a manual transfer, do one of the following:

  1. Next, the Robinhood app is opened.
  2. Click “Cash” from the menu in the top right corner.
  3. Go to the widget on the right that says “Deposit Funds.”
  4. Click the “From” arrows to choose your bank account.
  5. “Robinhood” will always be shown in the “To” field.
  6. Enter how much you want to transfer in the “Amount” text field.
  7. Click “Transfer Review” and then “Submit.”

Make a Market Order

“Market Orders” let you buy crypto at the price it’s going for on the market at the time.
Follow these steps to set up a market order:

  1. Find the crypto you wish to buy by entering a search into the search field at the top, selecting it from the search results, or clicking on it from your “Watchlist.”
  2. The details of the encryption will be shown on the main screen. Go to the right-hand order window.
  3. You will be able to buy a small amount of money. Put the amount you want to spend where it says “Amount in USD.”
  4. The “Est (crypto name)” section will display how much of the coin your money will get you.
  5. When you’re ready to place your order, click “Review Order” and then “Confirm.”

Make a Limit Order

“Limit Orders” are only filled when the cryptocurrency’s market price reaches the price you set as the limit.

How to place a limit order:

  1. You can search for the cryptocurrency you want to buy at the top of the screen or choose it from your “Watchlist” on the right.
  2. There will be a place to place orders on the right side of the main screen.
  3. At the top of the order window, click the pull-down arrow beside “Buy (crypto name).”
    Crypto with RobinHood
  4. Select “Limit Order.”
  5. At “Limit Price,” type the amount the cryptocurrency must reach before your order is carried out.
    Crypto with RobinHood
  6. Put the amount you want to invest at your limit price in “Amount in USD.”
  7. Click “Review Order,” then confirm.

Buying Crypto Isn’t Cryptic Using the Robinhood App

With Robinhood, you can invest in any cryptocurrency at any time. The app is easy to use because it has a simple user interface. You can set up your purchase as a “market order” to buy crypto at its current price or as a “limit order” to decide the price the crypto should reach before you buy it. Both ways give you a chance to make the most money.

What kinds of cryptocurrencies do you like? Which ones do you think are worth buying?

Let us know what you think in the section below.

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