Can You Stake Crypto on Robinhood?

Robinhood changed the investing world by making trading and investing feel as easy as a tap of a button.

Over 25 million users trade stocks, options, and crypto on the platform. But while Robinhood makes getting into crypto simple, earning yield from it is a very different story. 

Robinhood recently began supporting crypto staking in 2024. Staking is still in its early stages, with more features on the way.

In this article, we dive into the following:

• What crypto staking does Robinhood support?
• How does Robinhood crypto staking work?
• Pros and Cons of staking on the platform
• Robinhood crypto staking versus Coinbase crypto staking

…and many more.

What is Robinhood?

Robinhood is a U.S.-based financial services platform best known for making investing accessible. Launched in 2015, it popularized “commission-free trading” and a clean, app-first experience that allowed anyone to buy stocks, ETFs, and later, cryptocurrencies.

Robinhood removed many barriers, fees, minimum balances, and complex interfaces that kept beginners from investing. You can invest with as little as $1.

Today, Robinhood serves as one of the most widely used entry points for new investors in the United States and the United Kingdom.

Staking on Robinhood: How it Works

As a regulated platform, Robinhood had previously avoided offering staking due to regulatory uncertainty in the U.S. However, improvements to the regulatory environment have enabled the platform to provide two staking networks: Ethereum and Solana.

Here’s a short step-by-step guide to Robinhood staking:

1. Select Manage Staking on the coin detail page of Ethereum or Solana.
2. Click Stake.
3. Enter the amount to stake either in USD or in the token amount.
4. Review details and click Stake.

Robinhood staking is easy to follow for anyone.

Benefits of Staking Crypto on Robinhood

Robinhood staking excels by offering a passive crypto-income opportunity in an easy, safe way.

Let’s break down the benefits:

Simplicity and Convenience

Robinhood’s platform caters to beginners. The platform simplifies staking, enabling users to participate in validating the blockchain network with minimal effort.

You can also stake without any technical knowledge, unlike solo staking and setting up your own staking operation.

Low Barrier to Entry

Aside from reducing the technical barriers to entry, Robinhood makes staking very affordable.

You can stake with as little as $1 worth of crypto. This minimum amount rivals that of several Ethereum staking protocols, such as Lido. 

Security Management

Robinhood handles crypto assets on behalf of users, reducing the risk of asset loss due to hacks or mismanagement of crypto keys.

Furthermore, its 2FA (two-factor authentication) feature makes the platform more secure than staking on a browser wallet like Phantom. 

The Downsides of Staking Crypto on Robinhood

Like any centralized crypto platform, Robinhood offers advantages, but these also come with risks.

Let’s review some of the cons of using Robinhood staking:

Custodial Risk

Robinhood’s staking services hold your assets on your behalf. This type of staking is called 

‘Custodial staking.’

In crypto, there is a saying, “Not your keys, not your crypto.” When you hand over control of your crypto assets to a third party, if that party goes down, your assets sink with it.

This risk isn’t to say Robinhood will crash anytime soon. It’s a large publicly-listed company. However, this is generally the risk with non-custodial services.

High-Commission Fees

Beginning October 2025, Robinhood charges a 25% commission on your staking rewards. This fee is high compared to native staking or decentralized finance solutions like liquid staking. 

Native staking on Solana using a hardware wallet like Ledger, one of the most secure ways of staking, will cost you 7% in commission. If you’re using a wallet like Phantom, then you can even stake on commission-free validators. 

Validator Selection

Robinhood does not indicate which validators it selects for staking. The platform could be delegating assets to the biggest validators. 

If you’re a die-hard blockchain supporter who wants to contribute to network decentralization, then Robinhood staking isn’t for you.

There are staking optimization platforms like Polli.co that recommend which validators you can delegate to. The platform uses a proprietary scoring criterion that considers low commission fees, validator decentralization, and validator health, among others.

Robinhood vs Coinbase Staking

Robinhood and Coinbase are fundamentally different platforms. 

Robinhood is a trailblazing brokerage that offers cryptocurrencies as an extension of its core features. Coinbase is a crypto-centric platform. As such, Coinbase offers many more crypto features.

Here are some differences between the two platforms when it comes to crypto staking:

Coinbase, while more expensive for crypto staking, provides more flexibility in terms of staking assets and generating yield on your crypto.

Coinbase also offers on-chain applications directly on its platform. Customers can engage in yield farming, restaking, and crypto lending to earn passive income.

When to Use Either Robinhood or Coinbase?

Determining when to use either Robinhood or Coinbase depends on your needs. 

Robinhood offers traditional investing options, including stocks, retirement accounts, and options. Meanwhile, Coinbase gives you plenty of crypto-related activities. If you’re looking to stay within crypto, then Coinbase is for you. Otherwise, Robinhood serves as a great option.

Ending Thoughts on Robinhood Staking

Robinhood provides a gateway for millions of investors to get into crypto trading and staking. While the platform’s options may be limited for now, it’s an excellent opportunity for the crypto industry to grow its investor base.

As more traditional brokerages like Robinhood integrate crypto into their offerings, crypto will only get bigger.

The future looks very bright!

Frequently Asked Questions:

Is it Safe to Hold Crypto on Robinhood?

It is generally safe to hold crypto on Robinhood as it is a regulated platform.

However, note that Robinhood takes custody of your digital assets. Should anything happen to the platform, you risk losing all your assets.

Does Robinhood Allow Crypto Trading?

Robinhood boasts the lowest average trading costs for crypto in the U.S.

The platform offers a wide range of cryptocurrencies, from major tokens like Bitcoin, Ethereum, and Solana to more innovative ones like Zora and Aster.

Is it Better to Keep Crypto in Coinbase or Robinhood?

In terms of security, you can keep your crypto on either platform. However, Coinbase offers a broader range of features, including more staking assets and perpetual futures trading.

If you’re focused primarily on crypto activities, Coinbase is for you. However, if you’re looking to invest in traditional risk assets as well, then Robinhood is a good option.

Can You Stake Crypto on Robinhood?

Yes. You can stake Ethereum or Solana.

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