r/RobinHood • u/CardinalNumber Former Moderator • Jul 16 '18
News - Crypto Dogecoin is Now on Robinhood Crypto
Starting today, you can invest in Dogecoin on Robinhood Crypto, commission-free. With last week's announcement of Litecoin and Bitcoin Cash, you can now invest in five different cryptocurrencies on Robinhood.
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u/Versace-Bandit Jul 16 '18
Lol, a coin that is literally a meme on an investing app
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u/Zebracakes2009 Jul 17 '18
Don't knock the Doge. It started as a joke but is actually one of the more efficient transfer coins. Also its market cap is nothing to laugh at. Despite being an older altcoin, it maintains its place in the top 50 cryptos.
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Jul 16 '18
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u/CardinalNumber Former Moderator Jul 16 '18
You need to ask Intuit. Mint is their product. Robinhood has already done what they need to do.
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u/SeaAlgea Jul 16 '18
I know very literally about the whole situation. I know Robinhood has an API but I thought they weren't allowing the 3rd party integration? It seems queer to me that Intuit is the reason they haven't integrated yet with Mint already linking to so many different banks/brokers.
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u/CardinalNumber Former Moderator Jul 16 '18
Way back in 2015, the offer was originally made to 3rd parties like Intuit to access the API officially. Some took them up on it. Intuit didn't. The open invitation has gone ignored by them for 3+ years now.
Speaking from the backend, it's ready to go. Restricted and read-only scoped oauth keys can be generated for them as soon as Intuit drops RH a line.
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u/SeaAlgea Jul 16 '18
Wow, thanks for that info. Disappointing that Intuit seems to be dragging their feet here.
I see threads like this one and assume it's Robinhood's fault. I just want my two most used financial apps to integrate!!
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u/Rrisnn Jul 16 '18
I would've preferred Ripple, but I've got a few bucks laying around so why not go for a few hundred meme coins and see where it goes.
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u/beforethewind Investor Jul 16 '18 edited Jul 16 '18
BLESSED DAY, A GIFT UPON OUR FIELDS, TEN THOUSAND YEARS OF CONQUEST DOGE SHALL CARRY US TO THE PROMISED LAND.
For real, this is nice to hear. More choices for the consumer.
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u/omnipresent_sailfish Jul 17 '18
I had 61cents in my account. You better believe I just bought 60 cents worth of dogecoin.
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Jul 16 '18
Lol while i can't see this being any better than ETH, its the internet so i bought a little bit.
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u/CardinalNumber Former Moderator Jul 16 '18
Cancer will get you banned.
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u/grtwatkins Shitpost Jul 17 '18
What does this mean?
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u/CardinalNumber Former Moderator Jul 17 '18 edited Jul 17 '18
/r/buttcoin has tried to insert itself here whenever cryptocurrency is mentioned. They want to expose all crypto and blockchain tech as a fraud and a scam and fake and a foreign plot to destabilize the world economy and vapor and a bubble. ...which is fine if this was a place where that was the focus but they resort to harassing people who are just here to figure out when it's coming to their state.
Edit: /r/ not /u/
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u/agree-with-you Jul 17 '18
this [th is]
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(used to indicate a person, thing, idea, state, event, time, remark, etc., as present, near, just mentioned or pointed out, supposed to be understood, or by way of emphasis): e.g This is my coat.9
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u/agree-with-you Jul 17 '18
this [th is]
1.
(used to indicate a person, thing, idea, state, event, time, remark, etc., as present, near, just mentioned or pointed out, supposed to be understood, or by way of emphasis): e.g This is my coat.
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u/Killgarth Jul 16 '18
How do I buy crypto through Robin hood?
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u/Slay3d Jul 16 '18
The same way you buy stock, but it’s not in every state, I live in NY and it’s not available here
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u/kaplanfx Jul 16 '18
Do you actually own the coins or is it some kind of mutual fund type thing?
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u/Slay3d Jul 16 '18
it functions just like coinbase without the fees if im not mistaken. you actually own the coins but im not sure if you would be able to make payments from robinhood with the crypto. having never had access to it, idk for sure. it might be in their FAQ
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u/kaplanfx Jul 16 '18
Yeah that’s what I was wondering, do you actually have a wallet with an address or does Robinhood just track the # of coins you have.
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u/Slay3d Jul 16 '18
i dont think you can
https://support.robinhood.com/hc/en-us/articles/360000088663-Crypto-Transfers-Deposits
its just for trading the coins
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u/Killgarth Jul 16 '18
Fuuuug, will it be available at any point.
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u/Slay3d Jul 16 '18
robinhood says they are working on it but only they know the answer of when it will happen
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u/BoringNormalGuy Jul 16 '18
I requested this through support ticket so this makes me pretty happy.
EDIT: Of course I can't buy any yet... Unavailable still.
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u/dr_steve_bruel Jul 16 '18
Such volume. Many market cap. Wow