Crypto loyalty reward | Robinhood

Crypto loyalty reward

You can earn a cash reward by trading $50,000 or more of crypto on Robinhood within the promotional period. Terms apply.

Here’s a breakdown of the reward you can earn:

Crypto trading volume (USD value)Percentage backCash reward equivalent
$50,000-$100,0000.05%$25-$50
$100,000-$1 million0.15%$150-$1,500
$1 million+0.17%$1,700+

FAQ

How do I qualify?

Trade at least $50,000 or more in crypto during the promotional period, which starts at 12 AM ET on November 20, 2023 and ends at 11:59 PM ET on December 12, 2023, and you’ll receive a reward. Only those Robinhood Crypto customers that Robinhood Crypto contacts directly are eligible to participate in this promotion. This promotion doesn't apply to trading of USD Coin (USDC).

Which coins qualify?

Any of our supported coins qualify for this promotion.

How do I calculate my reward?

Take the total volume of trades (excluding trades of USDC) made between November 20, 2023 and December 12, 2023 and multiply it by the applicable percentage tier.

When will I get the reward?

After the promotion ends, you’ll be issued a reward. Keep in mind, you must claim your reward within 30 days from the date you receive it. The reward may be used on Robinhood right away, but the reward can only be withdrawn 30 days after it is claimed. The reward will be based on your total crypto trading volume.

Can multiple trades be eligible for the reward?

Yes, the reward on Robinhood for crypto trading is determined by the total volume of trades made. This means you can qualify for the reward through a single trade or a series of trades made during the promotional period.

Terms and Conditions

The Robinhood Crypto Loyalty Program Rewards Terms and Conditions (“Terms”) apply to your access to and participation in the Robinhood Crypto Loyalty Program rewards promotion (the “Promotion”), which is operated by Robinhood Crypto, LLC (collectively, “Robinhood Crypto”, “our”, “us”, or” we”). These Terms complement and incorporate by reference the Robinhood Crypto Customer Agreement (the “User Agreement”). In the event of any conflict between the User Agreement and these Terms, the User Agreement will control.

Eligibility: The Promotion is valid only for those Robinhood Crypto customers that Robinhood Crypto contacts directly about the offer, and who trade at least $50,000 or more in crypto during the period beginning 12:00 AM ET on November 20, 2023 to 11:59 PM ET on December 12, 2023 (“Offer Period”). This offer isn’t available to the general public. Robinhood Crypto may decline requests to enroll in the offer at its discretion.

Offer: This is a limited time offer that is only available during the Offer Period, subject to availability and/or while supplies last. Eligible customers will receive a corresponding cash reward based on their crypto trading activity on Robinhood Crypto during the Offer Period as follows.

Crypto trading volume (USD value)Percentage backCash reward equivalent
$50,000-$100,0000.05%$25-$50
$100,000-$1 million0.15%$150-$1,500
$1 million+0.17%$1,700+

The reward amount is calculated based on the U.S. dollar value of your total crypto trading volume (excluding trading volume of USDC) over the Offer Period on Robinhood Crypto multiplied by the applicable percentage tier. All reward amounts will be in U.S. dollars and cents that are rounded to the nearest cent and will be credited to your Robinhood buying power.

Limitation: This promotion doesn’t apply to trading of USDC. Limit one reward per customer. The reward must be explicitly claimed by the eligible customer. If the reward isn’t claimed within 30 days of the date it was received, the reward will expire. The reward may be used on Robinhood right away, but the reward can’t be withdrawn for 30 days after it’s claimed. The reward may be delayed, declined, or rescinded in Robinhood Crypto’s sole discretion if, for example, Robinhood Crypto determines that there may be circumstances indicating fraud or a violation of these Terms or the User Agreement. Robinhood Crypto reserves the right to change or restrict the offer terms, or terminate the offer, at any time without notice. This offer is valid even if other Robinhood Crypto offers have already been accepted.

The offer isn’t transferable, saleable, or valid in conjunction with certain other offers, and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Robinhood Crypto or a Robinhood affiliate; members of their household; registered representatives of broker-dealers, employees of any securities regulatory organization or exchange; and employees of any market maker aren’t eligible. Other restrictions may apply.

Availability is limited to certain jurisdictions only and subject to change. This isn’t an offer or solicitation in any jurisdiction where we aren’t authorized to do business.

Taxes: Taxes related to this offer are solely your responsibility. Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a cash reward before enrolling. For taxable accounts, the value of all Robinhood Crypto offers received may be reported as Other Income on a Form 1099-MISC or a 1099-B (if applicable) where required by applicable rules and regulations.

Disclosures: This isn’t an offer or solicitation to purchase or sell a financial instrument, including but not limited to a security, futures contract, commodity, option, swap, digital asset, or other cash or spot instrument available either over-the-counter or by any other means of execution. The trading and holding of digital assets involves significant risk, including the risk of substantial loss.

Crypto services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Review our licenses for more information. Crypto held through Robinhood Crypto isn’t FDIC insured or SIPC protected. Robinhood Crypto and its affiliates don’t provide accounting, tax, or legal advice. Individuals should consult their own independent advisors prior to engaging in any business arrangement or transaction utilizing the Robinhood Crypto platform.

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Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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