Dogecoin is trending upward, and which means individuals need to purchase. Nonetheless, many who’re are questioning if they’ll purchase Dogecoin on Robinhood as an alternative of a separate alternate. Whereas Robinhood is essentially recognized for inventory buying and selling, it does help cryptocurrency. Sadly, as a result of excessive demand, it looks as if some customers are getting errors on Robinhood that Dogecoin trades could not execute proper now.
Can you buy Dogecoin on Robinhood?
Happily for these trying to get into Dogecoin, Robinhood does help cryptocurrency alternate. The complicated a part of shopping for Dogecoin on Robinhood is that crypto isn’t stored separate from shares, which makes it simple to miss the truth that it may be accomplished in any respect.
- To purchase Dogecoin on Robinhood, a consumer should:
- Open the app.
- Go to the search tab
- Enter “Dogecoin,” and press search
- Faucet purchase on the decrease proper portion of the display.
- Enter the quantity of USD they want to alternate for Dogecoin.
Alternatively, Robinhood customers can commerce on any system utilizing an internet browser. The interface is a bit totally different for the desktop model, however the course of to buy crypto could be very related.
Shopping for and Promoting Dogecoin in Robinhood is dealt with similar to any inventory. It’s very simple to maintain observe of how a lot the forex is at the moment price, its worth over time, how a lot a consumer has invested and the way a lot their funding has gained or misplaced.
One factor to notice is that Robinhood solely permits cryptocurrency buying and selling within the US. These exterior of the US must use a special service or a devoted crypto alternate. Customers also needs to be cautious of Robinhood halting buying and selling. Because it showed with GME, the corporate isn’t hostile to snubbing users to guard its buyers.
Regardless of being a “meme” forex, Dogecoin has largely averted the dangerous popularity of Bitcoin. It was first launched on December 8, 2013, and has had an enthusiastic fanbase ever since. It’s managed to take care of visibility through the years, regardless of not attaining the recognition of different cryptocurrencies like Bitcoin and Ethereum.
Why gained’t Robinhood let me purchase Dogecoin?
There could possibly be a number of the explanation why customers can’t purchase Dogecoin on Robinhood. Essentially the most benign purpose, and the most definitely, is that so many individuals are attempting to purchase proper now that the system can’t deal with it. The simplest repair for this error is to attend. Sadly, that’s extremely irritating when an funding alternative is that this risky.
The official Robinhood Twitter hasn’t launched an announcement concerning the errors customers are at the moment experiencing when attempting to commerce Dogecoin. Hopefully, the rationale behind these technical difficulties is benign.