Cryptocurrency Q&A
Is it safe to keep a lot of money in Robinhood?
Is it safe to keep a lot of money in Robinhood?
Margherita
Fri Nov 29 2024
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7 answers
971
I'm considering keeping a significant amount of money in Robinhood, but I'm concerned about the safety of my funds. Is it secure to have a large balance in this platform?
7 answers
Valeria
Sun Dec 01 2024
Your securities and cash enjoy robust protection.
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lucas_taylor_teacher
Sun Dec 01 2024
This protection is provided by SIPC Robinhood Financial LLC.
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CryptoNinja
Sun Dec 01 2024
Robinhood Securities, LLC is also a member of SIPC.
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HanjiArtist
Sun Dec 01 2024
SIPC offers security to customers of its member firms.
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Silvia
Sat Nov 30 2024
For each investing account, SIPC covers up to $500,001.
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