Trading platform Robinhood is launching a cryptocurrency gift program that allows users to give away a variety of cryptocurrencies, including Bitcoin, Dogecoin, Ethereum, Bitcoin Cash and Litecoin.Like crypto transactions, free gifts are free of commission, and users can give gifts Cryptocurrency as low as $1.

Robinhood’s crypto gift program

Robinhood announced on Thursday that it will launch Robinhood Crypto’s “cryptocurrency gift program”.

Users can give away as little as $1 in cryptocurrency, Robinhood’s website details, and pointed out that the fund may take 3-5 days to settle. “As with crypto transactions, gifts are commission-free,” Robinhood clarified, adding:

Once you have customized your unique gift, you can send it directly to your special person via a special link that can be sent directly to their phone.

The encrypted gift program is expected to be launched on December 22. However, Robinhood’s website states that Nevada or Hawaii does not provide encrypted gifts.

“Once the sender has selected and confirmed the requested amount and cryptocurrency, the sender is solely responsible for sharing the gift link, and the recipient can use this shared link to accept the gift,” Robinhood’s encrypted gift terms and conditions detailed. The company added:

Just make sure your recipient has a Robinhood Crypto account to receive the gift within 14 days. There is no sweat for unacceptable gifts; you will not be charged, and you will still get bragging rights because you distributed cryptocurrency during the holidays.

Robinhood Crypto currently supports the buying and selling of Bitcoin and real-time market data (Bitcoin), Bitcoin Cash (Bitcoin cash), Bitcoin sv (BSV), Dogecoin (DOGE), Ethereum (Ethereum), Ethereum Classic (etc) And Litecoin (LTC).

Supporters of the meme cryptocurrency shiba inu have petition Ask Robinhood to list SHIB on Change.org.However, Robinhood previously stated that it was Not in a hurry List another cryptocurrency.

Robin Hood Season Three Transaction-based revenue A total of 267 million U.S. dollars, of which 51 million U.S. dollars came from cryptocurrency transactions. In addition, for the three months ended September 30, 40% of its revenue based on cryptocurrency transactions can be attributed to Dogecoin transactions.

Earlier this week, Chainalysis announced that it had partnered with Robinhood to improve the compliance of the trading platform. Crypto wallet release.

What do you think of Robinhood’s launch of an encrypted gift program? Please let us know in the comments section below.

Kevin Helms

As a student of Austrian economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.