Can a student with F-1 visa status in USA invest using Robinhood app? If yes, how can we pay taxes including this investments?

DISCLAIMER: Please use this answer at your own risk. Check/confirm with your school's Tax department and International Affairs office because of dynamically changing visa regulations recently. I did the same for my case before posting this answer.

Yes, you cannot do daily trading on F1-visa but the rest is fine. Robinhood will issue you a bunch of tax forms (usually 1099 forms) at the end of the year. You'll need to put in the info from those forms into whatever tax filing software you and/or your college uses. My college uses Glacier Tax Prep but if you're using TurboTax, I've heard there is an option to enter your Robinhood Account Info and all your tax info will get transferred! Once your Tax form is complete, you'll know whether you need to pay more tax or you'll receive a refund.