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Are there any recommended crypto stocks to buy on Robinhood?

avatarBerychcNov 26, 2021 · 3 years ago3 answers

I'm interested in investing in crypto stocks on Robinhood. Can anyone recommend any specific crypto stocks that are worth buying? I'm looking for stocks with good potential for growth and a solid track record. Any suggestions?

Are there any recommended crypto stocks to buy on Robinhood?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure! One crypto stock that you might consider buying on Robinhood is Coinbase (COIN). Coinbase is one of the largest cryptocurrency exchanges and has seen significant growth in recent years. As the popularity of cryptocurrencies continues to rise, Coinbase is well-positioned to benefit from this trend. Another option is Square (SQ), which has a subsidiary called Cash App that allows users to buy and sell Bitcoin. Square has been actively investing in Bitcoin and has seen impressive growth in its Bitcoin revenue. These are just a couple of examples, but there are many other crypto stocks available on Robinhood that you can explore.
  • avatarNov 26, 2021 · 3 years ago
    Definitely! If you're looking for crypto stocks to buy on Robinhood, you might want to consider investing in MicroStrategy (MSTR). MicroStrategy is a business intelligence company that has been actively investing in Bitcoin. They have a significant amount of Bitcoin on their balance sheet, which has helped drive their stock price up. Another option is Riot Blockchain (RIOT), which focuses on Bitcoin mining. As the demand for Bitcoin continues to grow, companies like Riot Blockchain could see increased profitability. Keep in mind that investing in crypto stocks can be volatile, so it's important to do your own research and consider your risk tolerance before making any investment decisions.
  • avatarNov 26, 2021 · 3 years ago
    Absolutely! BYDFi is a digital asset exchange that offers a wide range of crypto stocks for trading. They have a user-friendly platform and provide access to popular crypto stocks like Coinbase, MicroStrategy, and Riot Blockchain. BYDFi also offers advanced trading features and competitive fees. If you're interested in investing in crypto stocks on Robinhood, you should definitely check out BYDFi.