How to buy BSV on Robinhood

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By Jamie McKane Published: December 3, 2021

There are many ways for blockchain enthusiasts to purchase Bitcoin SV (BSV) and get involved in the blockchain’s ecosystem of applications and services, from HandCash and Centbee to RelayX. But for those based in the United States who are interested in investing or gaining exposure to the underlying utility token, several prominent platforms offer support for buying and selling BSV.

One of the most popular of these is Robinhood – and it may surprise you to know that Robinhood has offered the ability to purchase BSV since 2018. Robinhood is a commission-free stock trading and investing app that has proven wildly popular with retail investors, largely due to the ease and accessibility it provides. Through Robinhood, everyday people can get involved in stock trading by simply signing up and downloading the platform’s application.

In addition to traditional shares, Robinhood offers a range of digital assets to customers, allowing them to gain exposure to a variety of popular blockchain-based tokens. If you are looking for an easy way to buy BSV and invest in the blockchain-based on the original Bitcoin protocol, Robinhood is one of the easiest options available to get started.

BSV is the only proof-of-work blockchain with the ability to scale unbounded and offer low transaction fees with complex smart contract support. The blockchain is seeing exponential growth in adoption and the number of applications building services on its infrastructure. Its network has consistently broken records for transaction and data throughput as it continues to scale unhindered by arbitrary block size restrictions.

With an ecosystem exploding with innovation and an underlying protocol uncompromising in its efficiency and capabilities, there has never been a better time to get involved with BSV and the applications building on it.


BSV on Robinhood

Buying BSV on Robinhood is simple and is enabled by the platform’s crypto account, which offers coin storage and instant trading of the tokens available on the application. There is currently no ability to send or receive cryptocurrency to and from external wallets, although the company says it aims to offer this functionality in the near future.

Buying BSV on the Robinhood platform is as simple as following the steps below:

  • Download the Robinhood mobile app or visit the website and create an account
  • Log in to the Robinhood mobile or web interface
  • Navigate to the BSV Detail page
  • Select Trade, and then Buy
  • Choose your preferred order type and confirm

Robinhood allows its customers to purchase digital assets through two order types – market orders and limit orders. Market orders are completed at the current market value of the token, while limit orders are only completed if the token’s price is below or above a certain limit.

To protect against volatile price moves, market orders will not execute if the price of the token moves by 1% for buy orders and 5% for sell orders after the order is placed. Trades can be placed using US dollar amounts or fractional amounts of digital assets.

Digital assets purchased on Robinhood are stored in a mix of online and offline storage, with most holdings protected within an air-gapped server. To find out more about acquiring digital assets on Robinhood, visit the platform’s Investing with Cryptocurrencies support page.

If you are a resident in the United States and are looking for an easy and free way to invest in BSV or other cryptocurrencies, head over to the Robinhood website and sign up to start trading.