Chapter · Master Robinhood

Crypto, retirement, and cash features

Over time Robinhood grew beyond stocks. It offers crypto trading and a separate Robinhood Wallet app that lets you self custody coins, meaning you hold the keys yourself. It added retirement accounts, known as IRAs, sometimes with a matching contribution as an incentive. It also offers cash management style spending features with a debit card. These expand what you can do, but each comes with its own rules, risks, and tax treatment, so it pays to read the fine print before diving in.

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What you get asked

What does the Robinhood Wallet app let you do?
The Wallet app is about self custody, where you control the private keys. That gives you more control, but it also means you are responsible for keeping the keys safe.
A retirement account with tax advantages in the US is called an ___.
An IRA is an individual retirement account. It offers tax advantages for long term saving, and Robinhood has offered a match to encourage contributions.
Match each feature to what it is
Robinhood has widened into crypto, self custody, retirement, and everyday cash. Each is a different product with its own risks and rules.
What is the smart mindset before using a new feature?
New features can be useful, but a match or a shiny label is not a reason to skip the homework. Understanding rules and taxes protects you from costly surprises.

The rest of this chapter

Learn how Robinhood works, how it makes money, and how to trade with discipline instead of hype.