Robinhood Review: How to Get Free Stock* Plus Dip Into Crypto
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*Free stock is valued between $2.50 up to $225
Robin Hood is a hero of legend who robbed from the rich and gave to the poor. The app that bears his name isn’t stealing from anyone, but it operates under the same principle. Robinhood is a trading platform that seeks to level the playing field by giving free high-quality investment tools for anyone 18+ and with any income. The app is streamlined and very easy for new investors to start, making it a popular choice.
What is Robinhood?
Founded in 2013, Robinhood was something of a trendsetter in the mobile trading space. This free trading app lets you trade stocks, ETFs, and options, along with cryptocurrency and it was one of the first trading platforms to offer commission-free trades. Although its main perk is now widespread, Robinhood still offers a flexible, easy-to-use platform that’s a great pick for plenty of investors since you can start investing with just $1.
Robinhood also still offers commission-free trades and no account minimums. The platform is designed to help you build your nest egg, and doesn’t charge you a thing unless you opt into Robinhood Gold. The premium membership costs $5 per month and gives you access to pro research and market data. You can try the tool for one month free. For serious investors, it’ll make Robinhood more powerful.
Robinhood also makes investing more accessible by offering fractional shares. One share of Amazon costs upwards of $3,200, meaning almost no ordinary American is able to invest in one of the country’s biggest companies. Fractional shares make it possible, as you can invest in fragments of stock and build up over time. It’s a bit like buying cryptocurrency, which you can buy in full coins or fragments. Oh, and Robinhood offers crypto trading too!
Start Getting into Cryptocurrency
With cryptocurrency news appearing everywhere, it’s hard to avoid.
If you’re interested in diversifying your portfolio into digital currency, you can also buy and sell Bitcoin, Ethereum, Dogecoin, and other cryptos 24/7 commission-free on Robinhood.
A little scenario: If you had invested $100 in Bitcoin at the beginning of last year, it would’ve been worth over $400 earlier this year!
Is Robinhood Worth Using?
Robinhood’s main draw is its simplicity. The app is designed to make investing accessible for everyone. In this, it succeeds. Robinhood is a great app for beginner investors – registering takes minutes, trades take a few clicks, and you can monitor stock prices through the app.
Plus, new members get free stock valued between $2.50 and $225 just for signing up. This may include high-value stocks like Facebook, Microsoft, etc.
With a near-perfect 4.8 score from 2.3 million people, it’s a popular app that you should check out if you’re interested in investing.
Once you’ve created your Robinhood account, then you can make $750 to fund it just by trying out some deals from Flash Rewards.
*Flash Rewards work by showing you “deals” that they think you would like. This includes mobile apps and games, subscriptions, financial services, etc. Each type of deal you choose has its own mini task to complete. After filling out basic info, you participate in a quick survey, see if offers interest you, and complete/purchase 1 Silver, 1 Gold, and 8 Platinum deals to qualify/claim the reward!
*We’re letting you know this post contains information about The Smart Wallet’s sister website, Flash Rewards. The Smart Wallet & Flash Rewards are owned by the same parent company and the author is a Smart Wallet employee
*The Smart Wallet is a paid affiliate partner of Robinhood
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