--- title: The Robinhood App Will Soon Let You Give 7 Different Kinds of Cryptos as Gifts description: Robinhood is adding a crypto gift feature, which will allow users to send Bitcoin, Ethereum, Dogecoin and other cryptos via the trading app. authors: - name: Mallika Mitra role: Contributing Editor url: https://money.com/author/mallika-mitra/ bio: Mallika Mitra is a contributing editor for Money, based in Chicago. She has covered investing and retirement for seven years and her work has appeared in CNBC, Bloomberg, Kiplinger, AARP, Barron’s, Bankrate, The Daily Upside, ETF.com, The Bond Buyer, PLANADVISER, PLANSPONSOR and Investopedia. education: Craig Newmark Graduate School of Journalism at CUNY Kalamazoo College at_money_since: 2020 articles: 395 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - CNBC - Bloomberg - Kiplinger - Barron's - Bankrate - WGN-TV - CBS News Radio - This Morning With Gordon Deal - Everyone's Talkin' Money social: - https://twitter.com/mitra_mallika - https://www.linkedin.com/in/mallika-mitra-4577a386/ published: '2021-12-16T13:30:53.000Z' modified: '2024-01-10T14:18:19.000Z' section: Investing tags: - Cryptocurrency - Guides word_count: 431 canonical: https://money.com/give-crypto-bitcoin-gift-robinhood/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Telephone With Robin Hood App Interface On Screen](https://img.money.com/2021/12/News-Robin-Hood-New-Gifting-Feature.jpg) Forget the last-minute run to the mall to find a holiday gift. [Robinhood](https://money.com/how-to-use-robinhood-beginners/) announced Thursday it's [launching a crypto gifting feature](https://blog.robinhood.com/news/2021/12/15/give-the-gift-of-crypto-with-robinhood), which will allow users to send [crypto](https://money.com/what-is-cryptocurrency/) to friends and family via the trading app starting Dec. 22. They can choose from seven cryptocurrencies to give, including Bitcoin, Ethereum and Dogecoin. Users will be able to give the crypto via their cash balance account — not a crypto account — so there's no need for you to actually own any of the crypto you're giving. You can send as little as $1 worth of crypto with a personalized message directly to the recipient by sharing a link via email or text. The receiver will then have two weeks to accept their gift. If they're a Robinhood customer, they'll be directed to the app. If they're not already a Robinhood user, they'll have to sign up to claim the crypto. Interest in cryptocurrency has boomed recently. Trading apps like Robinhood and [Webull](https://money.com/how-to-use-webull-beginners/), and even payment platforms like [Venmo](https://money.com/buy-bitcoin-venmo/), make buying and selling crypto as easy as clicking a few buttons. The meme coins [Dogecoin](https://money.com/what-is-dogecoin/) and [Shiba Inu](https://money.com/what-makes-cryptocurrency-popular-shiba-inu/) skyrocketed this year, and headlines about [Bitcoin](https://money.com/what-is-bitcoin/) hitting record highs popped up routinely. People won't stop talking about [NFTs](https://money.com/what-are-nfts/), either. So it's no surprise cryptocurrency is top of mind, even when it comes to holiday giving. Just this week, the mobile payment app Cash App [announced](https://money.com/give-bitcoin-gift-cash-app/) that you can now send stocks and Bitcoin via the app to other users in U.S. Money even has a [full guide to giving cryptocurrency](https://money.com/how-to-gift-cryptocurrency/) this holiday season. ![Telephone With Robin Hood App Interface On Screen](https://img.money.com/2021/12/News-Robin-Hood-New-Gifting-Feature-Interface.jpg) Keep in mind that giving someone cryptocurrency comes with risks. It's an extremely volatile asset; Bitcoin lost 50% of its value between April and July of 2021, [before surging](https://money.com/bitcoin-price-record-high-history/) to an all-time high of above $68,000 in November. In other words, the $30 in crypto you give someone might not be worth $30 just a few days (or hours) later. Plus, the asset's future is uncertain since the government could add new regulations, and while the [list of companies that accept Bitcoin](https://money.com/how-to-use-bitcoin/?ref=/how-to-gift-cryptocurrency/) as payment is growing, you still can’t make most everyday purchases with the cryptocurrency. And don't forget about the tax implications your recipient might face. The IRS treats Bitcoin and other cryptocurrencies like property or other investments, which means if you make a profit selling it, you need to [pay taxes](https://money.com/crypto-bitcoin-taxes-2021/). [How to Gift Cryptocurrency Ahead of the Holidays](https://money.com/how-to-gift-cryptocurrency/) [Cash App Just Made It Easier to Give Bitcoin and Stocks as Gifts](https://money.com/give-bitcoin-gift-cash-app/) [Robinhood for Beginners: A Complete Guide to Investing With the Controversial Stocks App](https://money.com/how-to-use-robinhood-beginners/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/give-crypto-bitcoin-gift-robinhood/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Bitcoin", "item": "https://money.com/bitcoin/" }, { "@type": "ListItem", "position": 4, "name": "The Robinhood App Will Soon Let You Give 7 Different Kinds of Cryptos as Gifts" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/give-crypto-bitcoin-gift-robinhood/#webpage", "url": "https://money.com/give-crypto-bitcoin-gift-robinhood/", "name": "The Robinhood App Will Soon Let You Give 7 Different Kinds of Cryptos as Gifts", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2021-12-16T13:30:53.000Z", "mainEntity": { "@id": "https://money.com/give-crypto-bitcoin-gift-robinhood/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/give-crypto-bitcoin-gift-robinhood/#breadcrumb" }, "dateModified": "2024-01-10T14:18:19.000Z" }, { "@type": "Article", "headline": "The Robinhood App Will Soon Let You Give 7 Different Kinds of Cryptos as Gifts", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2021/12/News-Robin-Hood-New-Gifting-Feature.jpg", "width": 2880, "height": 1920, "caption": "News-Robin-Hood-New-Gifting-Feature" }, { "@type": "ImageObject", "url": "https://img.money.com/2021/12/News-Robin-Hood-New-Gifting-Feature-Interface.jpg", "width": 800, "height": 384 } ], "author": [ { "@type": "Person", "name": "Mallika Mitra", "url": "https://money.com/author/mallika-mitra/", "@id": "https://money.com/author/mallika-mitra/#author", "description": "Mallika Mitra is a contributing editor for Money, based in Chicago. 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