which crypto to buy on robinhood

For beginners on Robinhood, Bitcoin and Ethereum are solid choices due to their stability and widespread acceptance in the crypto market.

Jan 26, 2025 at 11:12 pm

Key Points

• Factors to consider when choosing a crypto to buy on Robinhood
• Top 5 Cryptocurrencies for Beginners on Robinhood
• Advanced Cryptocurrencies for Experienced Traders on Robinhood

5 Best Cryptocurrencies to Buy on Robinhood for Beginners

1. Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. It is considered a safe bet for investors who are new to the crypto market.

• Why Buy Bitcoin (BTC) on Robinhood? Robinhood makes it easy for beginners to buy and sell Bitcoin with low fees. The platform also offers Bitcoin educational resources tailored for new investors, helping them understand the basics of cryptocurrency trading.

2. Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market cap. It is used to power the Ethereum blockchain, a platform that allows developers to build and deploy decentralized applications (dApps).

• Why Buy Ethereum (ETH) on Robinhood? Robinhood allows users to purchase fractions of Ethereum, making it accessible to investors with smaller budgets. The platform also offers Ethereum educational content that explains the fundamentals of the blockchain and its potential use cases.

3. Dogecoin (DOGE): Dogecoin is a meme-based cryptocurrency that gained popularity in 2021. It is known for its loyal community and has been used to raise funds for charitable causes.

• Why Buy Dogecoin (DOGE) on Robinhood? Robinhood was one of the first platforms to list Dogecoin, making it accessible to a wide range of investors. The platform also offers a Dogecoin wallet, allowing users to store and manage their DOGE holdings.

4. Dai (DAI): Dai is a stablecoin pegged to the US dollar. It is designed to maintain a constant value, providing a less volatile alternative to other cryptocurrencies.

• Why Buy Dai (DAI) on Robinhood? Robinhood offers Dai as a low-risk investment option within the crypto market. Dai can be used as a safe haven during periods of market volatility or to hedge against other cryptocurrencies.

5. Uniswap (UNI): Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without an intermediary. It is one of the largest DEXs by trading volume and offers a wide range of cryptocurrencies to trade.

• Why Buy Uniswap (UNI) on Robinhood? Robinhood provides access to Uniswap, allowing users to diversify their crypto portfolio and gain exposure to the growing decentralized finance (DeFi) market.

5 Advanced Cryptocurrencies for Experienced Traders on Robinhood

1. Chainlink (LINK): Chainlink is a blockchain oracle that allows smart contracts to access real-world data. It is essential for providing reliable and verifiable data to DeFi applications.

• Why Buy Chainlink (LINK) on Robinhood? Robinhood adds Chainlink to its roster of advanced cryptocurrencies, offering experienced traders exposure to a key component of the DeFi ecosystem.

2. Cardano (ADA): Cardano is a blockchain platform that focuses on scalability, security, and sustainability. It is one of the most promising blockchains for smart contract applications and has attracted a strong following among crypto enthusiasts.

• Why Buy Cardano (ADA) on Robinhood? Robinhood's inclusion of Cardano gives traders access to a highly regarded blockchain with a strong development team and a large community of supporters.

3. Polygon (MATIC): Polygon is a layer-2 scaling solution that aims to improve the scalability of the Ethereum blockchain. It offers faster and cheaper transactions for users and is widely adopted within the DeFi and non-fungible token (NFT) space.

• Why Buy Polygon (MATIC) on Robinhood? Robinhood provides traders with the opportunity to participate in the growing Polygon ecosystem, which has seen significant adoption and development activity.

4. Avalanche (AVAX): Avalanche is a highly scalable blockchain that offers fast and low-cost transactions. It supports a wide range of applications, including DeFi, NFTs, and enterprise solutions.

• Why Buy Avalanche (AVAX) on Robinhood? Robinhood offers exposure to the rapidly expanding Avalanche ecosystem, which has gained traction in the DeFi and gaming communities.

5. Terra (LUNA): Terra is a blockchain that focuses on stablecoins and synthetic assets. Its native token, LUNA, is used to maintain the stability of the Terra stablecoins and to govern the blockchain.

• Why Buy Terra (LUNA) on Robinhood? Robinhood adds Terra to its list of advanced cryptocurrencies, providing traders with access to a blockchain that offers unique use cases in the stablecoin and synthetic asset markets.

FAQs

• What is the best crypto to buy on Robinhood for beginners? Bitcoin (BTC) and Ethereum (ETH) are generally recommended for beginners due to their stability and wide market acceptance.
• **What is the most