Do you actually own Dogecoin or Bitcoin on the Robinhood platform?

No, you don’t actually own Dogecoin or Bitcoin on the Robinhood platform. If you’re familiar with Robinhood, you’d discover that you are not allowed to transfer your coin out of the platform. This is because you didn’t buy the actual token, you’re just trading your cryptocurrency like stocks and bonds.

If you want to own the actual token, you can get it on other popular exchange platforms like Coinbase, Binance, Kraken, and so on. From these exchanges, you can transfer your crypto token to your wallet without needing to pay income tax.