Why can’t I place a buy order on crypto?

The following are a few reasons why you can't place a buy order:

You don’t have enough buying power to place the trade. Crypto are non-marginable and can’t count as collateral, so you’ll need to have enough cash in your account to place the order.

You don’t have enough equity to reach your margin minimum. If you have a margin account (through Robinhood Financial) and are using margin buying power, you can't place a crypto order in your Robinhood Crypto account that will cause your maintenance or minimum balance in your margin account to drop lower than required amounts.

Your account is resticted from trading. Restrictions on your Robinhood Financial account can result in restrictions on your Robinhood Crypto account. For example, if we’ve placed a restriction on your Robinhood Financial account preventing you from purchasing stocks, crypto purchases may be impacted until the restriction has been lifted.

Investing accounts and products are offered through Robinhood Financial LLC. 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. 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. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).

© 2023 Robinhood Markets, Inc.