Robinhood Launches Crypto Gift Program

The Robinhood trading platform is launching a new option in the mobile app that will allow users to gift digital assets to friends and family. Available cryptocurrencies include Bitcoin, Bitcoin cash, Dogecoin, Ethereum, and Litecoin. The minimum gift amount is $ 1. Moreover, all transfers made within the program will be made without commission.

On December 16, Robinhood trading platform announced the launch of the “Cryptocurrency Gift Program”, which will be available on the Robinhood Crypto mobile app. The minimum gift amount is only $ 1. The company representatives warn that the transfer may take 3-5 days, but the transaction will be completed without commission.

The new option will be launched on December 22 this year. It will be available to US residents, except for those living in Nevada and Hawaii. The company warns about compliance with security measures when transferring a link to a crypto-gift to the recipient. Before making a transfer, you need to make sure that a friend or family member has an account. The gift can be received within 14 days.

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