Robinhood has announced a crypto giveaway on January 1. Even though it mimics the characteristics of an airdrop, the Robinhood platform has named it a mere giveaway. The main aim of the Robinhood giveaway is to incentivize the long-term holders of the tokens for their continued engagement with the platform.
The crypto rewards will be distributed only to those users who access the platform’s countdown screen on January 1, 2025, at 09:30 am Beijing time (8:30 PM Eastern Time). The only pre-requisite for getting this airdrop is that you should have an active Robinhood Crypto account and a suitable cryptocurrency wallet linked to it to claim the crypto rewards. The rewards will be given away within one week after the countdown period ends. The users who have received these crypto rewards should mandatorily hold them for one year. All unclaimed rewards given by Robinhood will expire within 30 days.
The exact nature or ingredients of the crypto giveaway by the Robinhood platform is unknown. However, there are speculations that the reward may include valuable digital assets such as Bitcoin.
What is Robinhood Crypto?
Robinhood Crypto is a cryptocurrency trading platform where you can buy, sell, and store some of the top cryptocurrencies. All the transactions on this platform can be completed with the lowest cost. The following cryptocurrencies are tradable on the Robinhood Crypto network.
- Cardano (ADA)
- Arbitrum (ARB)
- Cosmos (ATOM)
- Avalanche (AVAX)
- Bitcoin Cash (BCH)
- Bonk (BONK)
- Bitcoin (BTC)
- Compound (COMP)
- Dogecoin (DOGE)
- Polkadot (DOT)
- EOS (EOS)
- Ethereum Classic (ETC)
- Ethereum (ETH)
- Fantom (FTM)
- The Graph (GRT)
- Immutable (IMX)
- Jupiter (JUP)
- Chainlink (LINK)
- Litecoin (LTC)
- Decentraland (MANA)
- Polygon (POL)
- Near (NEAR)
- Optimism (OP)
- Pepe (PEPE)
- Render (RENDER)
- Sandbox (SAND)
- Shiba Inu (SHIB)
- Solana (SOL)
- Celestia (TIA)
- Toncoin (TON)
- Uniswap (UNI)
- USDC (USDC)
- Dogwifhat (WIF)
- Stellar Lumens (XLM)
- Wormhole (W)
- Tezos (XTZ)
- XRP (XRP)
- zkSync (ZK)
- LayerZero (ZRO)
This list may be expanded in the future when more cryptocurrencies are made available for trade on the Robinhood crypto platform.
Functions Available on the Robinhood Crypto Platform
On the Robinhood platform, you can do many functions such as bank transfers and crypto trading, crypto staking, and transfers. The details about the use cases and functions of the Robinhood Crypto platform are explained here.
- Bank Transfers: On the Robinhood crypto platform you can transfer money for both deposits and withdrawals. You can deposit and withdraw money from any bank account that Supports SEPA bank transfers. You can deposit up to €250,000 and withdraw up to €100,000 every business day.
- Crypto Trading: You can trade the accepted cryptocurrencies on the Robinhood platform at low rates by exchanging them for Euro.
- Crypto Staking: You can stake cryptocurrencies on the Robinhood platform to help improve the credibility and functionality of the platform. Solana (SOL) and Ethereum (ETH) are available for staking in the Robinhood platform. The staking rewards are dynamic and can be equivalent to the estimated protocol rate minus staking partner fees minus Robinhood Crypto fees.
- Crypto Transfers: You can easily transfer cryptocurrencies into or out of your Robinhood Crypto account. Crypto transfers are made safe using identity verification and two-factor authentication. You have to pay the required fees to complete each transaction. Each transfer also undergoes a security and safety review, the time for which may range from a few minutes to hours.
Other Rewards on the Robinhood Crypto Platform
On the Robinhood Crypto platform, you get the chance to earn rewards based on your engagement. For instance, you will get €10 in BTC when you sign up for a Robinhood Crypto account and deposit at least €10 to start trading. You can invite friends to the Robinhood Crypto platform and can get €10 in BTC for each friend you refer who signs up, gets approved, and deposits a minimum of €10 to start trading. There is also a learn-and-earn program on the Robinhood platform that rewards you for completing various lessons. There is also a chance for you to get more SOL and ETH with a 100% earning match.
The Bottom Line
Robinhood Crypto is a profitable platform that facilitates all crypto transactions at a low rate. You are advised to make use of this airdrop/crypto giveaway opportunity to earn high profits in the future.
