General
Subsidiary of Robinhood Markets that offers crypto products and services
What is Robinhood Crypto?
Firm holds the private key
What is a custodial wallet?
Where can you see crypto transactions?
Crypto Tab and Accounting Tab
Order that is filled at the next available price
What is a market order
What are the six characteristics of currency?
Portable, Durable, Divisible, Limited Supply, Accepted and Uniformity
3 families supported by Robinhood
Bitcoin, Ethereum, Altcoins
Digital, decentralized ledger of cryptocurrency transactions
What is blockchain?
What are the 3 account status types for a Robinhood Crypto account?
Active, Deactivated, Sell only
Order that is filled at the price the customer sets or better
What is a limit order?
Reach out to _______ if the customer wants to place an order that is below or above quantity limits
What is the help desk?
5:30PM - 6:05PM EST
Maintenance Window
What is a hash?
The movement of cash between RHC and RHF when buying/selling crypto
What is Crypto Money Movement (COIN)
What are the collars for cryptocurrency market ordres?
1% for buys and 5% for sells
Pegged against other assets that are held in reserve or collateral such as fiat currency
What are stablecoins?
Discovery, processing and harvesting
What is the mining crypto process?
A consensus-based algorithm which protects the crypto network from attacks, validates transactions and broadcasts new blocks to the blockchain
What is proof of work?
Another section to view if the customer is a crypto currency trader in Major Oak
What is the Crypto Profile?
What are the minimum and maximum order quantities for DOGE?
Order quantities of 1 and 5,000,000
What are circuit breakers?
Built into the equity system via regulation but not applicable to Robinhood Crypto
States with no Robinhood Crypto Availability
What are Hawaii, Nevada, New Hampshire and West Virginia
A change in the blockchain's rules or protocols
What is forking?
If an order is shown in a ____ status in Major Oak, customers will need to submit an entirely new order
What is a rejected order?
An efficient way to look at a lot of information about a stock's price at once.
What are candlestick charts?
The smallest unit of BTC (0.00000001BTC)
What is a satoshi