“How to Receive Free Stock on Robinhood”

# How to Receive Free Stock on Robinhood

Robinhood, a popular commission-free trading platform, has revolutionized the way people invest in stocks, ETFs, options, and cryptocurrencies. One of the most attractive features for new users is the opportunity to receive free stock when they sign up or refer friends. This article will guide you through the process of how to receive free stock on Robinhood, explain how the promotion works, and provide tips to maximize your benefits.

## 1. What is Robinhood’s Free Stock Program?

Robinhood’s free stock program is a promotional offer designed to attract new users and encourage existing users to refer friends. When you sign up for a new Robinhood account or successfully refer someone, you can receive a free share of stock. The value of the free stock can range from a few dollars to over $200, depending on the stock you are awarded.

The free stock is chosen randomly from a pool of companies, and while most users receive stocks with lower values, there is always a chance to receive shares from well-known companies with higher prices.

### Key Points:
– **Free stock value**: Typically ranges from $3 to $200.
– **Random selection**: The stock you receive is randomly chosen from a pool of companies.
– **No purchase required**: You don’t need to deposit money or make a trade to receive the free stock.

## 2. How to Receive Free Stock as a New User

If you’re new to Robinhood, you can receive free stock simply by signing up and completing the account setup process. Here’s how:

### Step-by-Step Guide:
1. **Sign Up for a Robinhood Account**:
– Visit the Robinhood website or download the mobile app (available on iOS and Android).
– Click on the “Sign Up” button and follow the prompts to create an account.
– You will need to provide personal information, including your name, email address, and Social Security number, as part of the account verification process.

2. **Complete the Account Setup**:
– After signing up, you will need to link a bank account to your Robinhood account. This is required for funding your account, but you do not need to deposit any money to receive the free stock.
– Robinhood will verify your identity and bank account, which may take a few days.

3. **Claim Your Free Stock**:
– Once your account is verified, Robinhood will notify you that you are eligible to claim your free stock.
– You will be presented with a selection of “mystery” stocks. Simply click on one to reveal the stock you’ve been awarded.
– The stock will be added to your portfolio, and you can either hold onto it or sell it after a holding period (typically 3 days).

### Important Notes:
– You must be a U.S. resident and at least 18 years old to open a Robinhood account.
– The

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