Once you receive your reward, you can “Redeem” your shares. If you are redeeming your reward for the first time, you will be prompted to set up your brokerage account.

After the brokerage account is created, a pop-up will ask you to confirm if you want to redeem the stocks that were available for redemption.

If you click yes, the stocks will be automatically redeemed into the portfolio after the brokerage account has been approved. The brokerage account typically takes 1 business day to be approved, after which the stocks will appear in your portfolio.

If you click no, you must click “redeem” again after the brokerage account has been approved.

Once your brokerage account has been approved and when you redeem your rewards, the total you redeemed will be available in your brokerage account.

With the Bits of Stock Instant Redemption process, your redeemed shares will immediately appear in your Bits of Stock Portfolio. If the market is closed at the time of redemption, don’t worry, Bits of Stock will handle it and process the redemption as soon as the market opens.

Keep in mind that it will take up to 2 business days for the shares to be settled and become tradable in your brokerage account. After that, you are free to sell, or hold your shares - Bits of Stock gives you complete control!