Robinhood opens up a slow and steady approach to crypto investing

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Robinhood opens up a slow and steady approach to crypto investing

Robinhood is rolling out a new feature that lets you automatically invest in cryptocurrencies on a daily, weekly, or monthly schedule. The investment app says this service will let you automatically invest in things like Bitcoin, Ethereum, Dogecoin, and other supported cryptocurrencies without a commission fee.

Before we go any further, though, I should warn you that nothing in this article is qualified or expert financial advice. It’s probably wise to talk with an expert who can help you come up with an investment strategy that’s right for you.

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Robinhood’s approach here is automatic investing, not trading. It won’t sell the crypto for you when an algorithm decides it’d make financial sense to do so. Instead, it’s just steadily building your crypto portfolio.

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