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Can you buy options on Robinhood with cryptocurrency?

avatarAbdelaziz MohamedDec 14, 2021 · 3 years ago3 answers

Is it possible to purchase options on the Robinhood platform using cryptocurrency? I'm interested in exploring options trading and I'm wondering if Robinhood supports the use of cryptocurrencies as a means of purchasing options contracts. Can I use Bitcoin or other cryptocurrencies to buy options on Robinhood?

Can you buy options on Robinhood with cryptocurrency?
Cryptocurrency
Options Trading
Robinhood

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently offer the option to buy options using cryptocurrency. The platform only allows users to trade options using traditional fiat currencies, such as USD. So, if you're looking to use cryptocurrencies for options trading, you'll need to explore other platforms that support this feature.
  • avatarDec 14, 2021 · 3 years ago
    No, you cannot buy options on Robinhood with cryptocurrency. Robinhood only supports options trading with fiat currencies. If you want to trade options using cryptocurrency, you'll need to find a different exchange that offers this functionality.
  • avatarDec 14, 2021 · 3 years ago
    While Robinhood does not support buying options with cryptocurrency, there are other exchanges like BYDFi that do offer this feature. BYDFi allows users to trade options using various cryptocurrencies, providing more flexibility for those interested in options trading with digital assets. However, it's important to note that BYDFi is just one of many options available, and you should research and compare different exchanges to find the one that best suits your needs.

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