If you’re looking to get started in the world of cryptocurrency, you may be wondering what crypto Robinhood offers. In this blog post, we’ll give you a rundown of the coins available on Robinhood Crypto.
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Bitcoin is the world’s first and most well-known cryptocurrency. It was created in 2009 by an anonymous person or group of people using the name Satoshi Nakamoto. Bitcoin is a decentralized digital currency, which means it is not subject to government or financial institution control. Bitcoin can be bought, sold, or exchanged for goods and services.
As of March 2018, there were over 16 million bitcoins in circulation with a total value of over $140 billion. Bitcoin is by far the most valuable and well-known cryptocurrency, but there are hundreds of other digital currencies available.
Ethereum (ETH) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
In addition to being a cryptocurrency, ETH is also a fuel for the Ethereum network. This means that it is used to pay transaction fees and computational services on the network.
ETH is the second-largest cryptocurrency by market capitalization and it has a wide range of use cases. For example, it can be used to build decentralized applications (dApps), create smart contracts, and launch Initial Coin Offerings (ICOs).
Robinhood offers Litecoin (LTC) in addition to Bitcoin (BTC) and Ethereum (ETH). You can now invest in the fourth largest cryptocurrency by market capitalization, without commission fees!
Litecoin was created in October 2011 by former Google engineer Charlie Lee. Its main difference from Bitcoin is that it has a faster block generation rate, which allows for faster transaction confirmations. Litecoin also uses a different algorithm for mining, called Scrypt, which is designed to be more accessible to regular people with less powerful computers.
Like Bitcoin, Litecoin is a decentralized cryptocurrency that can be used to send and receive payments. However, Litecoin has faster transaction times and lower fees than Bitcoin. Currently, one LTC is worth about $140 USD.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of the Bitcoin blockchain in August 2017. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Bitcoin Cash (BCH) has a maximum supply of 21 million which is different from Bitcoin’s (BTC) maximum supply of 21 million.
Dogecoin (DOGE) is a cryptocurrency that was forked from Litecoin in 2013. It is a decentralized, peer-to-peer digital currency that enables instant, near-zero cost payments to anyone in the world. Dogecoin is based on an open source cryptography protocol and has a friendly community that is active on social media.
Ethereum Classic (ETC)
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Bitcoin SV (BSV)
Bitcoin SV (BSV) is a cryptocurrency that was created as a fork of the Bitcoin Cash blockchain in 2018. Thefork was controversial, and its supporters have been engaged in a continuous battle with the Bitcoin Cash community since then. BSV is supported by a minority of exchanges and wallets, and its price is volatile.
Robinhood offers Stellar (XLM) for trading. You can buy or sell XLM on Robinhood Crypto with Robinhood App.
Monero (XMR) is a private, secure, and untraceable cryptocurrency that is open-source and freely available to all. With Monero, you are your own bank. Only you control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes.