Is it possible to buy over-the-counter (OTC) stocks on Robinhood using cryptocurrency?

3 answers

• May 08, 2022 · 3 years ago
  Yes, it is possible to buy over-the-counter (OTC) stocks on Robinhood using cryptocurrency. Robinhood allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. By linking your Robinhood account to a cryptocurrency exchange, you can transfer funds from your cryptocurrency wallet to your Robinhood account and use those funds to purchase OTC stocks.
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• May 08, 2022 · 3 years ago
  Absolutely! Robinhood offers a seamless integration between cryptocurrency and OTC stocks. You can easily convert your cryptocurrency holdings into cash and use that cash to buy OTC stocks on the platform. It's a convenient way to diversify your investment portfolio and take advantage of the opportunities in both the cryptocurrency and stock markets.
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• May 08, 2022 · 3 years ago
  Yes, you can buy OTC stocks on Robinhood using cryptocurrency. However, it's important to note that Robinhood does not directly support cryptocurrency trading. To use cryptocurrency to purchase OTC stocks on Robinhood, you would need to transfer your cryptocurrency to a third-party exchange that supports both cryptocurrency and OTC stock trading. One such exchange is BYDFi, which offers a seamless integration between cryptocurrency and OTC stocks, allowing you to trade both assets in one platform.
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