Robinhood Crypto review: licences, terms and gambling clause
Can you deposit to a casino from Robinhood Crypto?
Robinhood Crypto's gambling clause: not verified, because its binding document could not be read. Its terms let it freeze or suspend an account without prior notice. 1 registration is confirmed in an issuing register. 7 points are not verified. 2 primary-source incidents are recorded. KYC rules: no data in this entry.
Documents last checked Reviewed by CryptoGuardz Register Desk, editorial desk
Disclosure: CryptoGuardz has no commercial relationship with Robinhood Crypto, earns nothing if you open an account there, and has not contacted the company or given it notice of this entry. Every statement below is either a verbatim quote from a document Robinhood Crypto publishes or a statement about a public register, and both carry the date they were read. Corrections go to the corrections page.
1. What this means for you
Consequences first, in the conditional, each one produced by a clause in a document Robinhood Crypto publishes itself. Every line links to that clause, quoted in full and dated.
- Your account can be frozen without notice if Robinhood Crypto decides it should be The suspension clause is discretionary and its list of grounds closes with a catch-all that swallows the list. The clause is quoted in full below.
- Your withdrawal can be suspended if Robinhood Crypto decides an incident on the platform requires it The withdrawal clause sets no maximum duration and no external test for when an incident is resolved.
- You are probably not covered by the authorisation you can see if you are outside the European Economic Area The confirmed authorisation is held by the European entity named on it, and the entity that contracts with a user elsewhere is a different company.
2. What this entry records, and what it does not
This register publishes no number for an exchange. The payout score on the casino register has five defined components and a published arithmetic; no equivalent instrument exists here, and inventing one to fill the space would be a measurement nobody made. What follows instead is a field-by-field account of what was read, where it was read and when.
| Binding terms | Read in full 7 clauses captured verbatim across 6 topics, retrieved 2026-10-08 |
|---|---|
| Contracting entity | Robinhood Crypto, LLCNo jurisdiction of incorporation stated in the binding document · no company number stated |
| Registration check | 1 confirmed in the issuing authority's own registerESMA interim MiCA register, published CSV, read 2026-10-08 |
| Proof of reserves | No dataNo exchange-hosted disclosure page could be loaded by any route attempted. |
| Insolvency outcome | Stated in the terms Quoted in section 7 |
| Withdrawal test | Not measuredNo first-party deposit or withdrawal has been run against this exchange. It would require funding an account, which this register has not done. Until it has, nothing here is a measurement of how fast the exchange pays. |
| On-chain reserve verification | Not measuredNo independent reconstruction of the Merkle tree or of the exchange's wallet holdings has been attempted. |
3. What we could not verify
Every entry carries this section. The gaps are published because a reader deserves the limits of the check as well as its results.
- The state of organisation and company number of Robinhood Crypto, LLC. Neither appears in the retrieved text of the Customer Agreement.
- The end of the Customer Agreement. The retrieved text (125,539 characters) stops mid-sentence in Section 25(d), Website Postings, so any later provisions, including any general governing law clause, were not read.
- Whether the Customer Agreement contains a gambling clause. None of gambling, gaming, lottery, casino, betting, wager or sweepstakes appears in the retrieved text, which is incomplete.
- State money transmitter licences other than New York. No other state register was read.
- The FinCEN MSB registration. msb.fincen.gov is disallowed by robots.txt to the retrieval tool.
- Any EU authorisation for Robinhood Europe, UAB. The ESMA CASP register file was served truncated at 81,166 characters (ending at the DEBLOCK SAS row) on two attempts, so absence from it cannot be asserted.
- Any proof of reserves. None was found on robinhood.com.
4. Who you are contracting with
The counterparty named in the binding document, not the brand on the website. This is the company a claim would be brought against and whose insolvency estate a user would be a creditor of.
| Named counterparty | Robinhood Crypto, LLCsource · retrieved 2026-10-08 |
|---|---|
| Jurisdiction of incorporation | Not disclosedNo place of incorporation is stated in the binding document read. What the document does say is in the notes below. |
| Company number | Not disclosedNo company number appears in the binding document, so the entity cannot be looked up in any companies register from that document alone. |
The document read is the Robinhood Crypto Customer Agreement, revised September 29, 2026, document reference 20260923-5952438-18966146, as published at cdn.robinhood.com. The counterparty is Robinhood Crypto, LLC ("RHC"), with an address for arbitration notices at 85 Willow Road, Menlo Park, CA 94025. The retrieved text states no state of organisation and no company number, so both fields are recorded as not disclosed.
Section 1(b) states that RHC is not a FINRA member or a SIPC member and that crypto holdings are not FDIC insured. Section 1(j) describes Bitstamp affiliates, including Bitstamp USA licensed by NYDFS, as affiliates of RHC.
A user in the European Union contracts with Robinhood Europe, UAB under a separate client agreement (last update 1 July 2026), which was not read for this entry. Every clause below binds a US user only.
5. Registrations, claimed and confirmed
1 of the registrations Robinhood Crypto claims was found in the issuing authority's own public register. A confirmed registration covers the entity named on it and nothing else. The confirmed NYDFS licence is held by Robinhood Crypto, LLC, the counterparty in the US agreement read here. No EU authorisation for Robinhood Europe, UAB is recorded, because the ESMA CASP register could not be read in full.
| Authority | Kind | Confirmed | What it covers |
|---|---|---|---|
| New York State Department of Financial Services (NYDFS), virtual currency licence and money transmitter licence | authorisation | yes | Confirmed. The NYDFS page listing regulated virtual currency entities, read 8 October 2026, carries the row: Robinhood Crypto, LLC, Virtual Currency and Money Transmitter Licenses, date granted 2019-01. It covers Robinhood Crypto, LLC only. |
| US state money transmitter licences (various states) | authorisation | no | Section 7 of the Customer Agreement, Money Transmitter License Disclosures, refers to RHC's state money transmission licences. Not confirmed: no state register other than NYDFS was read. Recorded as claimed and unconfirmed. |
| Financial Crimes Enforcement Network (FinCEN), money services business registration | authorisation | no | A FinCEN MSB registration is an anti-money-laundering registration, not a licence to operate an exchange. Not confirmed: msb.fincen.gov is disallowed to this register's retrieval tool by the site's robots.txt, so the MSB registrant search was not run. |
| European Securities and Markets Authority (MiCA register of non-compliant entities) | adverse listing | not listed | Negative check. The official ESMA register of non-compliant entities providing crypto-asset services was retrieved on 8 October 2026 (173 data rows, ending with a complete row) and searched. The string Robinhood does not appear in it. |
6. Proof of reserves
No Robinhood Crypto-hosted proof of reserves page could be loaded. A search of robinhood.com for a proof of reserves returned no Robinhood Crypto reserve disclosure, and the Customer Agreement links none. Recorded as no data rather than not published, because a search that found nothing is not evidence that no disclosure exists.
Nothing is recorded here as a result. The field is No data rather than no, because a page that would not load is not the same as a disclosure that does not exist, and this register does not publish the two as though they were.
7. Custody, segregation and insolvency
What the binding document says about where your coins sit and what happens to them if the exchange fails, quoted rather than characterised.
Cryptocurrencies that I purchase shall be stored and held by RHC in one or more omnibus cryptocurrency wallets for the benefit of RHC customers.cdn.robinhood.com
Under Section 8503(a) of the Code, “all interests in that financial asset held by the securities intermediary are held by the securities intermediary for the entitlement holders, are not property of the securities intermediary, and are not subject to claims of creditors of the securities intermediary.”cdn.robinhood.com
8. Freezing your account
2 clauses, quoted in the order they appear in the document. Read the last one first: it is the ground that swallows the others.
I acknowledge and agree that you have the right to immediately (i) cause any of my RHC Accounts or, to the extent permitted by the customer agreement with such Affiliate, any Affiliated Account to be suspended, (ii) cause the funds and assets in any RHC Account and any Affiliated Account to be frozen, and (iii) investigate any RHC Account, until a determination has been made, if (A) you suspect, in your sole discretion, any such accounts to be in violation of this Agreement, your Anti-Money Laundering (“AML”) program or that of any of your Affiliates, any applicable laws or regulations, or the RHC Code of Conduct; (B) you or any of your Affiliates are required to do so by a government or regulatory authority, court order, or facially valid subpoena; (C) any RHC Account or any Affiliated Account is subject to any pending litigation, investigation, or governmental proceeding; (D) any RHC Account or any Affiliated Account has a negative balance; (E) my ACH deposit was returned to my bank; (F) you believe that there is unusual activity in any RHC Account or any Affiliated Account or suspect that I am using RHC, RHF, RHY, my Login Credentials, or other account information in an unauthorized or inappropriate manner; or (G) I have not accessed any of my RHC Accounts in two (2) years of more.cdn.robinhood.com
I further understand that either you or I may close any of my RHC Accounts and that you may deactivate or block access to any of my RHC Accounts at any time and for any reason.cdn.robinhood.com
9. Suspending withdrawals
I recognize that RHC may refuse to process or may cancel pending Send Transactions in its sole discretion, and/or as required by law, the courts or any other regulatory authority to which RHC is subject.cdn.robinhood.com
10. Sending funds to a casino from Robinhood Crypto
Not verified. The document that would contain Robinhood Crypto's gambling clause could not be retrieved.
None of gambling, gaming, lottery, casino, betting, wager or sweepstakes appeared in the retrieved text of the Customer Agreement, read in three passes. The retrieved text stops mid-sentence in Section 25(d), and the RHC Code of Conduct referred to in Section 3(e) was not read, so a gambling restriction cannot be ruled out. Recorded as not verified rather than not disclosed.
11. Which networks Robinhood Crypto withdraws USDT on
6 USDT networks listed with withdrawals enabled on 2026-10-08, including Arbitrum, Base, Ethereum, Optimism, Polygon, Solana. Tron is not among them.
USDT is not tradable on Robinhood Crypto in the US: the crypto availability page lists Tether among assets that Robinhood Crypto "doesn't support trading for", so USDC is recorded instead. Networks are from Robinhood's crypto transfers support article, which shows no last-updated date. The article notes withdrawal limits that depend on verification level and history, a 48-hour hold on new allowlisted addresses, and blocks on funds bought with uncleared instant deposits. Source. Which DEXes operate on each of those chains is in the DEX register.
12. Amendment, liquidation, arbitration and governing law
The clauses that decide what the contract can become, what can be done to an open position, and where a dispute would be heard.
I understand that this Agreement may be amended from time to time by RHC, with revised terms posted on https://about.robinhood.com/legal.cdn.robinhood.com
This Section is governed by the Federal Arbitration Act (“FAA”), 9 U.S.C. §§ 1 et seq., with respect to both substance and procedure, and not by any state arbitration law, except the law of the state of California will govern the validity and enforceability of arbitration.cdn.robinhood.com
13. Public record
Matters of public record, taken from primary sources and stated with them. They are not scored, because a historical event is not a measurement of how the exchange behaves today, and leaving them out while citing the sources would be worse.
The New York State Department of Financial Services announced that "Robinhood Crypto, LLC will pay a $30 million penalty to New York State for significant failures in the areas of bank secrecy act/anti-money laundering obligations and cybersecurity that resulted in violations of the Department’s Virtual Currency Regulation (23 NYCRR Part 200), Money Transmitter Regulation (3 NYCRR Part 417), Transaction Monitoring Regulation (23 NYCRR Part 504), and Cybersecurity Regulation (23 NYCRR Part 500)." The release adds that "RHC improperly certified compliance with the Department’s Transaction Monitoring Regulation and Cybersecurity Regulation."
The California Attorney General announced "a $3.9 million settlement with cryptocurrency trading platform Robinhood Crypto, LLC (Robinhood), for failing to allow customers to withdraw their cryptocurrency from their Robinhood accounts from 2018 to 2022, and for failing to fully disclose aspects of its trading and order handling arrangements." The release states: "During that period, customers could not withdraw their cryptocurrency and were forced to sell it back to Robinhood to exit the trading platform."
14. Who should avoid Robinhood Crypto
Anyone outside the European Economic Area who is relying on the authorisation they can see. The confirmed authorisation is held by the European entity named on it and covers that company's clients. A user elsewhere is contracting with a different entity under different terms.
Related entries
Or read the whole exchange register, the same method applied to wallets and to crypto casinos, the clause library at clause watch, or how this register works.