Robinhood Referral Code March: Get Free Stock When You Refer a Friend

Written By John Carlo Villaruel , Sports Expert for TheLines.com

Upon creating a new account on the trading platform, you’ll receive a Robinhood referral code. Each trader who signs up and uses the code gets a bonus stock that goes up to $200, which is not bad to get started.

Now, you can’t directly use the bonus to make predictions on event outcomes, but you can sell the stock, then use the proceeds to trade. As you read on, you will learn more about the referral bonus, the attached conditions, and how to make the most of it. Continue reading as we guide you through using this referral code.

What is the Robinhood referral bonus?

The Robinhood referral bonus is a gift stock valued between $5 and $200 that you receive for inviting new users to the platform. Robinhood spices things up by letting you choose the stock from a list of its traded companies. Once you have held this bonus stock for at least three trading days, you can sell it and use the proceeds to trade. Seems pretty simple, right?

Join Robinhood and enjoy top bonuses

How to invite friends with the Robinhood referral code and get your bonus

From our experience, the trading platform makes it easy for you to participate in its referral program. The process differs depending on whether you’re using the app or website. On the Robinhood app, you can invite friends by following these steps:

Log in to your account.
Navigate to the profile section.
Click on "stock."
Tap "Invite Friends" and copy your link.
Share the link with the invited parties.

If you're using the website, you do these:

Log in to your account.
Visit the rewards section.
Click "Share link" under "Referral."
Copy the link and share it with interested parties.

Eligibility requirements for the Robinhood referral bonus

Getting the Robinhood referral bonus is relatively easier than what we found when reviewing the Kalshi referral code. However, if you're used to these types of bonuses, you already know that you must check a few boxes to qualify. Here are the eligibility requirements that apply to the Robinhood referral bonus:

Account holder	You need an already active account on the trading platform before you can participate in the referral program. On the other hand, the person you are inviting must be a new user who joins using your code.
Location	The referral offer is currently open only to users in the United States. As such, both you and the referral must be US residents to qualify.
Verification and linking of your bank/debit card	This applies to both you and your referral. In addition to completing the initial registration, the invited user must verify their identity and link a bank or debit card to their account. Only then will the trading platform release your bonus.

Other terms and conditions attached to the referral bonus

When your referral has met all the requirements and your bonus becomes available, you will receive a notification from Robinhood telling you it's time to claim your gift stock. So it's up to you to visit the rewards section and accept the offer. Before doing this, keep the following conditions in mind:

Expiration dates: You have 60 days to claim the gift stock before it expires.
The reward value: We mentioned that the bonus stock can be worth $5 to $200, but the exact value you get depends on the platform. Robinhood clearly states that 99% of users will get the stock worth $5.
Holding period: You can sell your gift stock, but only after you have held it for at least three trading days, as soon as it is claimed.
Withdrawal time frame: To withdraw the proceeds from selling the stock, you must leave it in your account for at least 30 days. After these 30 days, you can make a withdrawal request or use the proceeds as you want.
Bonus limit: The maximum referral bonus you can receive in a year in stocks is up to $1,500.

How to use the bonus to trade event outcomes at Robinhood

Robinhood has a prediction hub where you can trade event outcomes. We have a more comprehensive Robinhood prediction markets review that details everything about the market. Still, to give you an idea of how it works, here's an overview:

You have categories such as sports, culture, and climate. Under each one are event contracts, some of which have additional markets. Each of these contracts features Yes and No positions with their prices clearly displayed. You can buy as many contracts as you want, then decide whether to sell or hold your position before the event resolves. Robinhood pays $1 for each accurate event contract and $0 if the prediction is incorrect.

One thing to note is that you can’t use the bonus stock to make predictions. You have to sell it first. As we already noted, this is possible only after you have held it for at least three trading days. After selling, you still have to wait at least 30 days before you can use your proceeds to trade event outcomes.

This is where we also emphasize what is Robinhood election trading. Think of the prediction platform as a stock exchange where you focus on trading positions, not placing bets.

Simple tips to make the most of the Robinhood referral bonus

Here are a few tips you can use to maximize Robinhood’s referral code:

Complete verification immediately after signing up: You also have to complete KYC and link your bank or debit card to your account before you can enjoy the referral program. That said, it’s best to complete these processes immediately after signing up, so they don’t stop you from participating.
Share your link with as many users as possible: Since there isn’t an actual max number of people you can refer, don’t hesitate to invite as many new users as possible.
Track your referral bonus: Doing this lets you know how much referral bonus you already have. If you reach the maximum offer within the year, you’ll understand when you do not get a bonus after a referral signs up with your code.

Pros and cons of the Robinhood referral program

There are both advantages and drawbacks of the referral bonus. We’ve summarized them below:

Pros and Cons

Bonus in the form of stocks
The offer is available for both sides
Up to $1,500 in total referral rewards yearly

Three-day holding period applies

Invite players to Robinhood and get bonus stock

The Robinhood referral bonus is an excellent incentive for existing users. Interestingly, both you as the referrer and your invited player receive a bonus. Your referral just has to complete the simple processes of signing up with your code, verifying their identity, and linking their bank or debit card to their account.

To get your Robinhood referral code, you have to register. We have made that easier by providing you with a link to the trading platform right here. Click on the link to visit Robinhood, where you can sign up to get started.

Robinhood referral code FAQs

⏳ Does the referral bonus expire?

Yes, the referral bonus expires if you do not claim it within 60 days after it becomes available. However, once you have accepted the offer, you do not have to worry about expiration dates.

🔝 What is the maximum number of referrals I can have on Robinhood?

There is no limit on the number of referrals you can have on the trading platform, but there is a maximum bonus you can receive. That is a total of $1,500 worth of stocks every year. It doesn’t matter the number of users you have referred. The bonus stops once you have reached the maximum amount that year.

⏰ How long do I have to use the Robinhood referral bonus?

There is no time limit on when you must use the Robinhood referral bonus. After you have received it (within 60 days of being available), you have to hold it for three trading days. Then, you can sell it. There is also a holding period of 30 days before you can use the proceeds you receive from selling the bonus stock.