Update 7/3/25: The offer is now confirmed at 2% (previously it wasn’t clear if it would be 1% or 2%)
The Offer
Robinhood is offering the following cash match for transferring over crypto:
- Earn an instant 1% cash boost to your crypto when transferring any crypto (other than USDC) to Robinhood between June 24 and July 7, 2025.
- If the Robinhood community reaches $500M in net crypto deposits by July 7, and the boost will double to 2% for everyone. You can track real-time progress in the Crypto Season hub in your app.
No minimum and no maximum. Must maintain deposits for 1 year.
The Fine Print
- New York residents are not eligible.
- Bonus is paid in cash into your self-directed individual brokerage account and applies to eligible net crypto deposits from an external address to your crypto account between June 24 and July 7.
- Any 2% bonus will be applied retroactively to your net eligible deposits once the combined net crypto deposits across the Robinhood Platform exceeds $500M during the promotion period.
- Potential bonus deductions will be pulled from your self-directed individual brokerage account.
- To keep the match, you must keep the value of the crypto deposit and the corresponding cash reward on Robinhood for 1 year. If your total portfolio balance falls below the amount of net deposits that received a boost before the year period ends, the match reward may be reclaimed when withdrawing funds or assets from Robinhood. The value of the original deposit amount isn’t subject to removal—only the matched cash amount.
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Market fluctuations can affect your portfolio value, but they don’t impact your bonus directly. However, if your portfolio decreases and you withdraw funds, a portion of your match may be subject to removal.
- Bonus offered by Robinhood Crypto, LLC. See terms and conditions here. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected. All investments involve risk and loss of principal is possible.Robinhood Financial LLC (member SIPC), is a registered broker dealer. All are separate but affiliated entities.© 2025 Robinhood Markets, Inc. 4598567
- The bonus is reported as miscellaneous income in your individual investing account.
Our Verdict
This offer seems to be available to all Robinhood users without needing enrollment. You can click through the email (‘Claim Offer’) if that makes you feel more secure.
As I’ve said in the past, I’m not personally a holder of crypto and this isn’t an investing recommendation. Lots of people hold crypto for diversification, and this seems like an easy way to boost that 1-2%.
Please do your own research with regards to the security of crypto holdings at various financial institutions. I have no idea how Robinhood compares with other crypto wallets in that regard.
Hat tip to a reader
View Comments (35)
For anyone that custodies with RH just keep in mind they dont offer google authenticator 2fa (only sms) so can be prone to sim swap and also dont have whitelist withdrawal addresses like coinbase which offers both. I called and spoke to their crypto department and decided the 2% isnt worth the worry of both attack vectors.
Any opportunity here to buy crypto on something like coinbase, let it settle, then transfer it in prior to July 7th? Or too late for that?
I don't see why not, transactions confirm within a few hours at most, depending on the coin and its network congestion at the time
Nacho keys, nacho coins
Not your keys, not your coins. Don't do it.
I'm confused by an email I got today for 2% match on crypto. I suppose they are targeting some people will 2%, unattached to the community goal.
They reached the $500M combined crypto deposits, so now they give 2%
Not exactly, I was watching it everyday and they were only at 65 million out of 500 on 6/30 and then they changed it all of a sudden to everyone gets the 2% match. I think they realized there was no way they were gonna hit 500 million by 7/7.
oh wow, so it's confirmed 2% now. I'll repost.
All these companies doing these crypto promotions again trying to get more deposits? That likely means incoming bear market.
opposite
They'll shut down your account before the bonus payout.
Unlikely. I've already made something like 40k on Robinhood transfers.
Pros: 1-2% boost. Most likely 1%
Cons:
Untrue, it says if your portfolio declines in value and then you make a withdrawal during the 1 year period they may claw back bonus.
Robin Hood's spread for cryptos is atrocious. You will lose the 1-2% when you inevitably have to liquidate your crypto on their platform.
Are you sure about this? It has been a long time since I used Robinhood crypto, but last time I used it, the spread was around 0.03% which was the lowest I could find.
You can’t just transfer out as crypto?
You guys should repost the 1-2% transfer bonus for ordinary transfers. Five year hold period but still pretty good.
5 years is ridiculous. MooMoo has a much better offer right now.
1 year hold
Are you sure it's 1 year? Seems like 5 year
"To keep the match, you must keep the value of the crypto deposit and the corresponding cash reward on Robinhood for 1 year."
What made you think it's a 5-year hold?
The crypto and the brokerage bonuses are different.