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Is it possible to send digital assets as a gift to someone else on Robinhood?

avatarShaul Ben-YiminiDec 18, 2021 · 3 years ago3 answers

I heard that Robinhood is a popular platform for trading digital assets. I'm wondering if it's possible to send digital assets as a gift to someone else on Robinhood. Can I transfer my digital assets to another person's account as a gift?

Is it possible to send digital assets as a gift to someone else on Robinhood?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, as of now, Robinhood does not support the feature of sending digital assets as a gift to someone else. The platform primarily focuses on individual trading and does not provide a direct gifting option. However, you can still sell your digital assets on Robinhood and transfer the funds to another person's account as a gift.
  • avatarDec 18, 2021 · 3 years ago
    No, you cannot directly send digital assets as a gift to someone else on Robinhood. The platform is designed for individual trading and does not offer a built-in gifting feature. If you want to give digital assets as a gift, you may need to consider using other platforms or wallets that support such functionality.
  • avatarDec 18, 2021 · 3 years ago
    While Robinhood itself does not have a feature for sending digital assets as gifts, you can still achieve this by using a third-party service like BYDFi. BYDFi allows users to send digital assets as gifts to others, making it a convenient option for gifting cryptocurrencies. Keep in mind that you and the recipient will need to have accounts on BYDFi to utilize this feature.