Crypto gifts allow you to send your favorite crypto to your favorite people from the Robinhood app.
Easy and customizable
You can quickly customize a gift by choosing a design, cryptocurrency, gift amount, and personal message.
Start with as little as $1
Gift as little as a dollar’s worth of crypto so that your friend or family can grow their holdings over time. With the exception of Dogecoin, which has a minimum of 1 DOGE, there’s no need to buy, sell, or give a full coin on Robinhood Crypto. For example, you can give as little as 0.000001 BTC.
As with crypto trading, gifts are commission-free.
Crypto gifts are only available through the Robinhood app and only to Robinhood Crypto customers. Availability may be subject to regulatory approval in certain states.
How to give a crypto gift
Make sure you have cash in your Robinhood Financial brokerage account in time for when you want to send a gift! Deposits can take up to 5 business days to complete.
You can give eligible users cryptocurrencies that are available through Robinhood Crypto. Robinhood Crypto supports gifting, buying, selling, and real-time market data for:
You can customize the gift amount in USD, starting at $1! Keep in mind, there are certain limits to the amounts and frequency of crypto gifts that you can send and receive. The exact amount of your crypto gift will be based on the market price at the time your gift is accepted.
You can see and manage any gifts in the app by going to the Account tab > Crypto Gifts > Crypto gift history.
You can use your withdrawable cash amount. Some users will have access to use Instant Deposits to give a crypto gift, but your best bet is to start a deposit at least 5 business days in advance of when you’ll want to give gifts. You can read more about how to transfer money into your Robinhood account and details on timelines of transfers.
To create and receive crypto gifts, you must have an approved Robinhood Crypto account in good standing and a linked bank account. If you haven’t traded crypto on Robinhood but want to send a gift, you’ll need to agree to the Robinhood Crypto Terms & Conditions first.
To do this, go to the Account tab > Crypto Gifts > Give crypto and then review and agree to the terms and conditions from there.
Please note: Robinhood Crypto requires first opening a Robinhood Financial brokerage account. Robinhood Crypto is currently available in every US state and the District of Columbia, except for Hawaii and Nevada. Crypto gifts may also be subject to regulatory approvals in other states.
Once you successfully confirm your gift, a temporary hold will be placed on these funds, but you’ll only be charged if your gift is accepted within 14 days. You’ll get a unique link for you to share with the lucky recipient of your gift.
Once you successfully accept your crypto gift, the quantity of cryptocurrency you received will be added to your portfolio. This quantity will be based on the market price at the time you accepted your gift.
Yes! You can give crypto gifts to your friends and family who are new to Robinhood. To accept their gift, they must sign up and get approved for a Robinhood Crypto account.
When you open your crypto gift link, you’ll be presented with two options, Sign up or I have a Robinhood account.
For existing Robinhood Crypto customers, you’ll be directed to the Robinhood app to accept your gift.
For new Robinhood Crypto customers, you’ll be directed to sign up and get approved for a Robinhood Crypto account.
You must accept the crypto gift within 14 days of it being created, or it will expire.
Legitimate crypto gift links will only send you to the gift.robinhood.com domain and you should only accept your gift on the official Robinhood mobile app. If you ever receive a link to a gift that goes anywhere other than gift.robinhood.com, you shouldn’t provide your information and instead report it to email@example.com.
We recommend only opening links from senders you’re familiar with since our gift links can only be sent directly from the gift giver and not from a third party.
The gift will expire, and the funds that were previously put on hold will be made available.
You can cancel a gift up until it’s accepted or expires in the app by doing the following:
Once canceled, the funds held for the gift will be available in your buying power.
Robinhood doesn’t provide tax advice. These FAQs are meant to provide helpful information based on current Internal Revenue Service (IRS) guidance, which may continue to evolve and change. Please contact a tax professional for your own tax purposes.
Generally, gifting crypto under this program will not trigger a taxable event for the sender. Senders however should be aware of the annual gifting limits (currently 15K per recipient and increasing to 16K per recipient in tax year 2022) and understand when a gift tax return must be filed.
Robinhood does not track or report on this annual gift limit because it is specific to each individual tax payer and includes all gifts made for that calendar year. Please refer to the IRS FAQ on Gift Taxes for additional information and consult with a tax professional if you need further guidance.
Generally, receiving crypto under this program will not be a taxable event or trigger reporting until the crypto is later sold or exchanged. If or when the crypto is sold or exchanged, Robinhood will report the gross proceeds to the Internal Revenue Service (IRS) and provide you with the cost basis information to assist in filing your tax return.
The cost basis for the quantity of crypto received will generally be equal to the USD of the gift. The basis will not be the sender’s basis because under this program the sender is not transferring crypto that they already own.
For example, if you received a gift of $100 USD to purchase X amount of crypto, your basis in that quantity of crypto would be $100 USD. You would receive a quantity of crypto based upon the fair market value of the coin at the time you claim the gift.
Robinhood Crypto, LLC (Robinhood) Cryptocurrency Gifts Program (RCGP) is subject to these Terms & Conditions.
Sender. The Robinhood customer that wishes to send Cryptocurrency to a third party customer (“Sender”) directs that a requested amount (“Requested Amount”) be withdrawn from their Robinhood Financial LLC brokerage account once the Gift is claimed by the Recipient, and that this Requested Amount be used by Robinhood to purchase a Cryptocurrency of the Sender’s selection as a gift (“Gift”) for the third party Robinhood customer (“Recipient”). Once the Sender selects and confirms the Requested Amount and the Cryptocurrency, the Sender is solely responsible for sharing a link to the Gift, and the Recipient can use this shared link to accept the Gift. Sender is solely responsible for sending notification of the Gift to Recipient, and Robinhood will not monitor, approve, or otherwise supervise any communications that Sender directs or makes in connection with the Gift, or if Sender shares the notification of the Gift with an unintended recipient. By participating in the RCGP and directing the Gift, Sender consents to sharing their first name and first initial of their last name as part of the notification to Recipient. Once Sender selects and directs the Gift, a hold for the Requested Amount will be placed on the Sender’s Robinhood Financial LLC account. This hold will be lifted if Recipient does not accept the Gift within 14 days of creating the Gift or if Sender cancels the Gift via the Robinhood app prior to the time that the Recipient accepts the Gift. If the Recipient does accept the Gift, the amount of the Gift will be debited from Sender’s Robinhood Financial LLC account. Sender must have sufficient funds and a currently linked outside bank account to their Robinhood Financial LLC account to fund the Requested Amount at the time of the Gift being created and claimed. Robinhood Financial LLC customers with Instant-enabled accounts may use Instant Deposits to create and fund a Gift; however, Robinhood may limit access to these Instant Deposits at any time and for any reason, in which case Sender must fund the Gift with settled funds.
Recipient. Recipient must affirmatively accept the Gift from Robinhood via the Robinhood app. If Recipient does not accept the Gift within 14 days, the hold of the Requested Amount in the Sender’s Robinhood Financial LLC account will be lifted and the funds will not be debited. Once the Gift is claimed Robinhood will credit the Recipient’s Robinhood account for the amount of Cryptocurrency gifted based on the Requested Amount and the market price of the Cryptocurrency at the time the Gift is claimed.
Limitations. Both Sender and Recipient must be customers of Robinhood with approved accounts in good standing with no active restrictions in order to participate in RCGP, though Robinhood may allow certain Robinhood customers to participate if Robinhood determines that any given restriction will not affect eligibility for RCGP. If Recipient receives notification of a Gift from Sender, and Recipient is not a Robinhood customer, Recipient will have to open, be approved for a Robinhood account, and link a bank account to their Robinhood Financial LLC account prior to successfully accepting the Gift. Opening a Robinhood Crypto account requires first opening and being approved for a brokerage account with Robinhood Financial LLC. If Sender lacks access to sufficient funds in their Robinhood Financial LLC account to meet the Requested Amount, the Sender will be unable to create the Gift. RCGP is unavailable if either the Sender or Recipient is a resident of Nevada or Hawaii, and may be subject to additional regulatory restrictions in other states. The maximum Gift amount and the number of Gifts that a Sender may send or a Recipient may receive may be subject to limitations as determined in Robinhood's sole discretion. Robinhood reserves the right to not allow eligibility into RCGP or to cancel or rescind any Gift or the cash proceeds deriving from such Gift if Robinhood determines in its sole discretion that there are images or speech in connection with the Gift or a customer’s past Gift that are disparaging, inaccurate, misleading, offensive, or violates community standards; or infringes on Robinhood's intellectual property rights, constitutes a domain name, creates the potential for confusion as to whether the page or content in question is Robinhood’s, encourages the purchase or sale of any asset, or is otherwise improper. Robinhood reserves the right to cancel the Gift or the cash proceeds deriving from the Gift in the event that Robinhood determines in its sole discretion that there may have been fraudulent activity or a violation of these Terms in connection with the Gift. Robinhood may retain information relating to the Gift for purposes including facilitating RCGP, training, testing and validation. Certain employees of Robinhood’s affiliates may not be eligible. Certain employees of Robinhood and Robinhood’s affiliates are ineligible for RCGP. Other limitations may apply.
Taxes. Consult with your tax advisor about the appropriate tax treatment for this program and any tax implications associated with it before enrolling. Generally, the act of sending or receiving Cryptocurrency as part of RCGP should not trigger a reportable event at the time of the gift. The Sender is responsible for any gift tax implications and limitations. The Recipient may realize either a gain or loss upon the eventual sale or disposition of the Cryptocurrency received as a gift. The cost basis of the Cryptocurrency received would generally be equal to the U.S. dollar amount of the gift. For more information please see our help content and FAQs. Robinhood does not take responsibility for any tax related to the RCGP.
All investments involve risk and loss of principal is possible.
Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is not a member of SIPC or FINRA. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).
Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC. For more information see the Robinhood Crypto Risk Disclosure.
© 2021 Robinhood Markets, Inc.