Once you purchase crypto on Robinhood, Robinhood believes you're the legal owner of the crypto. You have all the rights and benefits of ownership, including the rights to appreciation and depreciation of the crypto.

We hold the majority of your coins in cold storage, entirely disconnected from the internet. This gives you an additional layer of protection.

We also carry crime insurance that protects a portion of the assets held across our storage systems against losses from theft, including cybersecurity breaches. The policy is underwritten by certain underwriters at Lloyd’s, the world’s leading insurance marketplace, and placed by Lloyd’s registered broker, Aon.

Our Security Team routinely reviews code and infrastructure powering Robinhood Crypto. We also engage third-party security experts to test our systems, helping us build some of the most secure systems in the industry. If you’d like to learn more about how you can protect your account, including your cryptocurrencies, check out our Help Center article on security best practices.

Robinhood Crypto, LLC is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Robinhood Crypto is also registered with FinCEN as a money services business. As such, Robinhood Crypto is subject to and complies with the applicable requirements of the Bank Secrecy Act, and complies with the applicable money transmitter laws of U.S. states.

To sign up for a Robinhood Crypto account, you must:

• Be 18 years or older

• Have a valid Social Security Number (not a Taxpayer Identification Number)

• Have a legal U.S. residential address within the 50 states or Puerto Rico (exceptions may apply for active U.S. military personnel stationed abroad). Robinhood Crypto is currently available in every U.S. state and the District of Columbia, except for Hawaii and Nevada.

• Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa

Our mission is to democratize finance for all. Robinhood does earn revenue, which allows us to offer a range of financial products and services at low cost, including commission-free trading. Robinhood Crypto generates the majority of their revenue from rebates from market makers and trading venues.

*No commission on trades of crypto. Other fees may apply, such as for Robinhood Connect. Check out Robinhood Crypto’s Fee Schedule for details.