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3 Reasons NOT to Buy Bitcoin Using Robinhood (AUTOMATIC LOSS!)Buy and sell Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies 24/7 and commission-free with Robinhood Crypto. When it comes to buying cryptocurrencies, Coinbase has the upper hand for a few reasons, but Robinhood could be an option for investors. If you buy Bitcoin on Robinhood and it goes up in value, you can sell it and make money. But there aren't many other reasons to use Robinhood.