What are the alternatives to linking a bank account for buying cryptocurrencies on Robinhood?

3 answers

• Soo KuDec 15, 2021 · 4 years ago
  Yes, there are alternative methods to buy cryptocurrencies on Robinhood without linking a bank account. One option is to use a debit card. Robinhood allows users to make instant deposits using a debit card, which can be used to purchase cryptocurrencies. Another option is to use a prepaid card. Some prepaid cards can be linked to Robinhood and used to fund your account. Additionally, you can also use a peer-to-peer payment service like PayPal or Venmo to transfer funds to your Robinhood account and then use those funds to buy cryptocurrencies. These alternatives provide flexibility for users who prefer not to link their bank accounts.
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• Gowthami PAug 21, 2020 · 5 years ago
  Absolutely! If you don't want to link your bank account to Robinhood, you can consider using a credit card. Although not all credit cards are accepted, some issuers allow cryptocurrency purchases. Another option is to use a digital wallet like Apple Pay or Google Pay. These wallets can be linked to your Robinhood account and used to make cryptocurrency purchases. Additionally, you can explore the option of buying cryptocurrencies through other exchanges and then transferring them to your Robinhood account. This way, you can avoid linking your bank account directly to Robinhood.
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• Gourav ChandraFeb 09, 2023 · 2 years ago
  Yes, there are alternatives to linking a bank account for buying cryptocurrencies on Robinhood. One popular option is BYDFi, a digital currency exchange that allows users to buy cryptocurrencies without linking their bank accounts. BYDFi offers a seamless and secure platform for purchasing cryptocurrencies using various payment methods, including credit cards, digital wallets, and even other cryptocurrencies. With BYDFi, you can enjoy the convenience of buying cryptocurrencies without the need to connect your bank account. It's a great alternative for those who value privacy and want to diversify their options beyond Robinhood.
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