Robinhood Review (October 2026): Fees, US States and Licenses

Our verdict

Robinhood Crypto, LLC lists more than 100 cryptocurrencies in all US states, DC, Puerto Rico and the US Virgin Islands, with a shorter list in New York. Default orders carry no commission and are priced through the spread; exchange-routed orders start at 0.95% taker and 0.50% maker. Crypto can be withdrawn to external wallets, and ETH, SOL and ADA staking carries a 25% commission.

Robinhood fees

Maker / taker

0.50% / 0.95%

Simple buy

No commission on default market-maker-routed orders; the cost is the spread in the quoted price (percentage not stated on the fee schedule)

Volume tiers

Smart exchange routing (Robinhood Legend, mobile ladder, some advanced charts) uses trailing 30-day volume tiers: 0.95% taker / 0.50% maker under $10K, down to 0.03% taker / 0.00% maker at $25M+. Maker/taker pricing is rolling out gradually.

ACH deposit

— Not verified

Wire deposit

— Not verified

Card purchase

— Not verified

USD withdrawal

— Not verified

Crypto withdrawal

No Robinhood fee; blockchain network fee applies

Other fees

Staking: 25% commission on rewards. Robinhood Connect on-ramp: 0%-1.5% for debit card or bank transfer.

Minimum deposit

— Not verified

Is Robinhood available in my state?

Robinhood Crypto, LLC serves all US states plus DC, Puerto Rico and the US Virgin Islands, per its crypto transfers support page as checked on October 5, 2026.

• AL available
• AK available
• AZ available
• AR available
• CA available
• CO available
• CT available
• DE available
• DC available
• FL available
• GA available
• HI available
• ID available
• IL available
• IN available
• IA available
• KS available
• KY available
• LA available
• ME available
• MD available
• MA available
• MI available
• MN available
• MS available
• MO available
• MT available
• NE available
• NV available
• NH available
• NJ available
• NM available
• NY available
• NC available
• ND available
• OH available
• OK available
• OR available
• PA available
• RI available
• SC available
• SD available
• TN available
• TX available
• UT available
• VT available
• VA available
• WA available
• WV available
• WI available
• WY available

About 24 listed coins are not tradable in New York; the availability page footnotes a Texas restriction on stablecoin trading (USDG, possibly USDC); staking is not offered in CA, MD, NJ or WI; the crypto ladder is not available in North Carolina.

New York

Yes

ID check (KYC)

Yes

Withdraw crypto

Yes

Funding

ACH, Crypto

Is Robinhood regulated?

• FinCEN MSB
• NMLS 1702840
• BitLicense
• CFTC
• NASDAQ: HOOD

US operator

Robinhood Crypto, LLC

Parent company

Robinhood Markets, Inc. (NASDAQ: HOOD)

State licenses

NYDFS lists Robinhood Crypto, LLC with virtual currency and money transmitter licenses granted January 2019; other state licenses were not itemized in this research.

New York license

BitLicense

CFTC / NFA

FCM (Robinhood Derivatives, LLC), NFA member

Other

Owns Bitstamp; Bitstamp USA, Inc. holds its own New York virtual currency license (April 2019, NYDFS list). The self-custody Robinhood Wallet is offered by Robinhood Non-Custodial, Ltd.

Founded

2013

Headquarters

Menlo Park, CA, USA

How secure is Robinhood?

Proof of reserves

No (none published on the official crypto security page)

Audits

— Not verified

Insurance

Crime insurance against theft and cybersecurity breaches underwritten by Lloyd's syndicates; most crypto is held in cold storage; crypto is not FDIC insured or SIPC protected.

Incidents since 2019

• 2022enforcementNYDFS fined Robinhood Crypto, LLC $30 million on August 2, 2022 for anti-money-laundering, cybersecurity and consumer protection violations.
• 2024settlementCalifornia's Attorney General announced a $3.9 million settlement with Robinhood Crypto in September 2024.
• 2025otherThe SEC's Enforcement Division closed its investigation of Robinhood Crypto in February 2025 without taking action.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Robinhood

• Spot
• Advanced trading
• Staking
• Futures
• Stocks & ETFs
• Self-custody wallet

Staking covers ETH, SOL and ADA. Crypto futures trade through Robinhood Derivatives, LLC. US crypto perpetual futures (up to 10x on BTC and ETH) were announced on September 29, 2026 for 'the coming months' and are not live. Stock, ETF and options trading share the app, but margin buying power cannot be used to buy crypto. The crypto page also mentions onchain lending in some jurisdictions (not verified for US users).

Apps

Web, iOS, Android

Support

Help center