The following guide covers the Best Cryptos on Robinhood in 2022.
The best cryptos on Robinhood are Bitcoin, Ethereum, Dogecoin, Litecoin, and others.
Prior to diving into the best cryptos on Robinhood, it’s important to understand what a cryptocurrency is and the risks associated with investing in them.
In addition to Robinhood, these cryptos are also available for buying on Coinbase, Gemini, Kraken, Crypto.com, and other exchanges.
What is Crypto?
Investopedia has a great explanation of crypto (cryptocurrency).
“A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
Many cryptos are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.
A defining feature of cryptos is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.”
Important: Before investing in cryptos on Robinhood, it’s important to understand the risks and commonalities of cryptocurrencies.
Investing in cryptos is not a common trend among the world’s best investors. The greatest investors are known to hold broad market Index Funds for decades.
In fact, the best investors are actually dead:
Some of the main risks with investing in cryptos include the following:
- High volatility
- Lack of liquidity
- Targets for “pump and dumps”
- Higher probability of fraud
- Lack of government regulation
- Used for money laundering
While there are several risks, it is still very possible for investors to make money from cryptos through asset appreciation.
Below you will find a complete list of the best cryptos on Robinhood.
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Best Cryptos on Robinhood
I recommend bookmarking this page to keep you up to date on the Best Cryptos on Robinhood. This page is updated Weekly for your reference.
The following list was last updated on Sun, Oct, 02, 2022
As of this writing, all cryptos listed below are currently available for trading on Robinhood.
This is similar to our popular list of the best penny stocks on Robinhood.
The Robinhood cryptos below are ranked based on the following criteria:
- Historical Performance
- Market Cap
- Unique Features
- Trading Volume
Wealthy Diligence Promo: Robinhood is currently offering one Free Stock worth up to $165 for new users. Click the link below to get started!
Bitcoin is the world’s first decentralized cryptocurrency, a type of digital asset that uses public-key cryptography to record, sign and send transactions over the Bitcoin blockchain.
Undoubtedly, when you hear a stranger talking about cryptocurrency, they are probably talking about Bitcoin.
Bitcoin was created by an anonymous user named “Satoshi Nakamoto” in response to the Great Financial Crisis.
Satoshi saw how the world’s central banks printed trillions of new dollars to bail out insolvent financial institutions.
Bitcoin was the first decentralized cryptocurrency that cannot be controlled by any government institution (which is why many libertarians love it).
Bitcoin was the best performing asset from 2010-2020.
1 Year Return: 292.63%
Ethereum is a technology that’s home to digital money, global payments, and applications.
The community has built a booming digital economy, bold new ways for creators to earn online, and so much more.
Ethereum is faster, and more commercially practical, for processing transactions than Bitcoin. OpenSea for instance accepts payments in Ethereum.
Bitcoin may have been the first crypto, but many experts believe Ethereum is the superior digital currency.
Ethereum has led the digital revolution in NFTs, and Ethereum may very well be the future of money across the globe.
1 Year Return: 976.28%
Dogecoin (DOGE) was created in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin.
Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant, 10,000 new coins are mined every minute and there is no maximum supply.
Dogecoin is incredibly popular among the Wall Street Bets community as a meme coin, and it’s common for people to call Dogecoin a “good boy”.
Dogecoin has been on an absolute performance tear this past year, posting a 9,000% return.
While the law of large numbers prevents this return from happening indefinitely, it has proved to be a wonderful coin over the recent timeframe.
1 Year Return: 9,863.19%
The Litecoin website has some excellent information on this cryptocurrency.
“Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Litecoin is an open-source, global payment network that is fully decentralized without any central authorities.
With substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.”
1 Year Return: 234.06%
5. Shiba Inu (Bonus)
Shiba Inu is now available for trading on Robinhood!
Robinhood users have frantically asked for Robinhood to add the coin to its trading platform after the recent price surge.
It is also currently available for purchase on Coinbase, Gemini, and other cryptocurrency exchanges.
Shiba Inu is a token that aspires to be an Ethereum-based alternative to Dogecoin.
The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
According to the Motley Fool, Shiba Inu has returned over 5,000,000% since August of 2020. This would have turned $3,000 into over $1.4 billion!
1 Year Return: 5,000,000%
How to Find Cryptos on Robinhood
Finding the best cryptos on Robinhood is a simple process we outline below. Follow these quick steps.
1. Sign up for a free Robinhood account – Click Here to Sign Up With Free Stock
2. Click the search bar on top and enter “crypto”.
3. You are now able to see the most popular cryptos traded on Robinhood.
4. Next click the “Price” column to sort from lowest share price to highest.
That’s it! You can now find the most popular Robinhood cryptos.
Overall, these are the best cryptos on Robinhood currently available. Always be sure to invest responsibly!
Other popular cryptocurrencies not available on Robinhood include the following:
Refer to the video below for even more crypto ideas.
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Best Cryptos on Robinhood FAQ
What are the Best Cryptos on Robinhood?
The best cryptos on Robinhood are Bitcoin, Ethereum, Dogecoin, and Litecoin.
What is a Cryptocurrency?
A cryptocurrency (crypto) is a digital or virtual currency that is secured by cryptography.
Are Cryptos better than Stocks?
Cryptos have outperformed equities over the past decade, but this trend is not guaranteed to continue. A well-balanced portfolio could include both assets.
Are Cryptos a Good Investment?
Cryptos have historically been very risky and volatile. While it is possible to make a lot of money on cryptocurrency, it is also possible to lose your shirt. Always do your own due diligence before investing.