Why would anyone buy cryptos on Coinbase? They charge a fees and a markup on the price WTH. RH does not seem to charge fees or markup. #investments #crypto #bitcoin #coinbase #robinhood
more choices and crypto wallet + information security concerns?
Two reasons: 1. You dont own your crypto with RH. As in, there is no way you can transfer it to your wallet. 2. No commission comes at a cost. Essentially, your order would not be given the highest priority and as such the actual transaction might not happen even if the prices crosses your range
Robinhood much better UI + no fee all in one trading platform.
Because the only reason to use coinbase is as a fiat on-ramp - who buys actual crypto on coinbase and keeps it there? Have you not heard of all the horror stories of people getting locked out of their account? Robinhood doesn’t allow you to move usdt to metamask
Not yet
Robinhood supports like a handful of coins. That’s the only downside. But if youre just diversifying your portfolio into btc/eth it’s fucking 🔥. I have daily recurring at like $20. Not possible to do that anywhere else let alone reasonable with transaction fees afaik
I found the prices of crypto higher on RH.
Neither. LN Strike for BTC purchases.
Robinhood ftw once we get wallets