Buy crypto on Robinhood vs coinbase
Does it make sense yo buy crypto on robinhood as they don’t charge any fees whereas coinbase does. What’s difference does it make?#personalfinance #investments
Never buy on RH, you don’t even own your coins (can’t transfer to a wallet) Use Coinbase Pro (free) to buy for practically no fees.
If you are planning to buy and hold/hodl for medium/short term, then RH may be okay. But if want to trade, RH may not always be a good option. Crypto trading on RH may go down when there is high volume. If you want to hodl for long term, buy on pro.coinbase.com or binance.us. Then move to your own wallet and hodl. The fees are much lower than coinbase.com.
Ah fuck. My post was flagged but had the most logical answer . Don’t get Salty man
The Robinhood crypto COO and CEO told publicly that they are building crypto wallet and it's coming out soon. Sounds like RH will be the best place to trade and Hodl crypto in a few months. Just something to think about in your decision making.
If you aren’t doing big amounts just use rh tbh
Coinbase fee is just too much
Define big vs small? Like 20k? 50k? 100k?