Are there any restrictions or limitations when using Robinhood stock gift cards to purchase digital assets?

1 answers

• Elvinas NavardauskasJan 09, 2023 · 3 years ago
  Robinhood stock gift cards have certain restrictions and limitations when it comes to purchasing digital assets. The gift cards can only be used on Robinhood's platform and are not transferable to other exchanges. Furthermore, the gift cards can only be used to buy stocks and ETFs listed on Robinhood, and cannot be used to directly purchase cryptocurrencies or other digital assets. However, you can sell the stocks or ETFs purchased with the gift cards and use the proceeds to invest in cryptocurrencies on Robinhood. It's important to familiarize yourself with the terms and conditions associated with the gift cards to ensure a smooth transaction process.
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