06.10.2024 |
disqus
Robinhood is a well-known American platform offering cryptocurrency and stock trading. The company, driven by many years of success overseas, continues its expansion in Europe, tempting new customers with a solid starting offer. In addition to the possibility of commission-free trading, in the promotion you can receive a guaranteed bonus of 30 € and an additional 11 € in total for five quick quizzes.
The maximum bonus is up to 1 Bitcoin, which is currently the equivalent of 55 500 €, however, the company itself says that 98% of bonuses are worth €30. All we can do is wish you luck :)
The maximum amount of the welcome bonus is a maximum of one Bitcoin, but as Robinhood itself states:
Our editorial staff received €34 when they created an account.
To receive the bonus, two conditions must be met:
You can top up your account free of charge via SEPA transfer. It is best to do it via Revolut, because the transfer will be immediate.
The bonus will be credited immediately after making the transaction, but you will be able to withdraw it after waiting 180 days.
Detailed promotion rules from Robinhood are available here.
As part of an additional promotion with quizzes, you can get an extra 11 euros in less than a minute. Just scroll down the screen in the application and click on the quiz banner as in the image below.
Thanks to the answers you will find below, you will solve the quizzes in just a few dozen seconds. You will receive a total of €11 as a reward. €5 in USDC, €2 in BTC, €1 in AVAX, 1 € in PEPE and 2 € in BONK. You can sell all currencies immediately and withdraw them to your Euro account.
USDC Quiz
A crypto "pegged" to an asset
It is accessible worldwide
Anytime
Algorithmic and fully reserved
AVAX Quiz
A scalable blockchain platform
Avalanche's native token
C-Chain, X-Chain, and P-Chain
A group of validators
Both of the above
BTC Quiz
A limit to how many can be created
All of the above
3.125
Every 10 minutes
2028
The Robinhood platform allows users easy access to investing without having to pay trading commissions. The company was founded in 2013 and quickly gained popularity, especially among younger investors. Its main advantages are a user-friendly interface and minimal entry barriers. So far, the platform has been popular mainly in the USA, but from December 2023 it is also available in Europe.
Robinhood prides itself on having the best deals on the market. In the photo below you will see a comparison with competing platforms using the example of Ethereum trading.
Robinhood in the US offers trading in stocks, options, ETFs and cryptocurrencies. In Europe, the functionality of the application is currently limited only to cryptocurrency trading. Currently, there are 26 of them available, including BTC, ETH, Polygon, Uniswap, Cardano, and Litecoin.
The Robinhood app is available to adult iOS and Android users who are citizens of the European Union. The account on the platform is kept in Euro, and the account can be topped up with a free SEPA transfer.
To encourage European users, Robinhood has also introduced a unique loyalty program. The program works on a principle similar to cashback, returning a percentage of the monthly trading volume to each user's account in the form of Bitcoins.
Registration at Robinhood is very intuitively designed. The whole thing, including verification and the first transaction, took us only about 20 minutes.
Start by clicking on the dedicated link, where you will be asked to provide your e-mail address. This is where you register for the bonus promotion, so make sure to provide the correct address, one that will match the one you will provide in a moment when registering for the Robinhood application.
For further steps, you will need the Robinhood mobile app. You will find it in the Google Play or Apple App Store.
Select the sign up option, select your country of residence and repeat your e-mail address. Remember that to receive the bonus you must provide the same e-mail address as in the first step.
In the next step, set a password for your account, provide your name, surname and phone number. To confirm your number, you will receive an SMS with a code to enter in the application.
Then you will be asked to provide your date of birth and residential address (street, number, city, postal code). If your address is not on the list, you can select the appropriate option and enter everything manually.
In the next steps, there will be a series of questions required by law, which obliges Robinhood to ask them during registration. To ask about the Tax Identification Number (TIN) in Europe select the "I do not have a TIN" option. In the next question, please select "yes" only if you settle taxes in the USA. The next screens concern your source of income, the estimated amounts you intend to spend annually on Robinhood investments, how much money you intend to deposit and withdraw to and from your Robinhood account each month, your employment status, and whether you or someone in your family is a politically high-ranking person.
The last step is identity verification required by EU law. The process runs very smoothly and does not involve address verification. You only need to verify one of the four documents to choose from and confirm the image from the document with a quick video-selfie. We received information about positive verification in less than a minute.
To take advantage of the promotion, you will need to top up your account. The requirement is a minimum sum of €30.
It will be a good idea to use Revolut account,(if you don't have it yet, clik here to open it with 10 euro bonus) because Revolut transfers are immediate, so they will reach your Robinhood account in a few seconds. To make a transfer, go to the middle transfers tab in Revolut, then click the add button in the upper right corner and select the bank account option. Remember to correctly complete the Title field in the transfer - you should enter the code from the Reference field in the transfer details tab in Robinhood.
However, these are not all the surprises that Robinhood has prepared for us. Once you have an account on the platform, you can recommend it to your friends. You can do this through the Rewards tab, where you will find your unique invitation link. To receive additional bonuses, the people you recommend must complete the previously described steps (i.e. register and top up the account with a minimum of €30). You can invite up to 30 people, so let's get started :)