What is the best way to buy bitcoin? I've heard Robinhood is horrible :(
Why would you want to buy bitcoin? Just go to a roulette table
Buying BTC via Robinhood is not the same as buying through actual exchanges like Coinbase. With Robinhood you never own the coin, youâre just trading the price action âyou can never withdraw the BTC to an external wallet nor use it for purchases. With Coinbase you can do all of the above. Their fees are a little pricey, so Iâd recommend using their pro version for better rates.
How does Robinhood manage risks if users are trading their "virtual" BTC rather than the actual BTC? This would mean Robinhood is taking a BTC position opposite of the users.
My hunch says they take the same stance as if it were regular stock. The risk is passed to the user in the same way they would if this were a penny stock, or other more volatile equities. Itâs likely that RH users are actually trading a BTC derivative as opposed to BTC itselfâotherwise they would (and should) provide the ability to withdraw the crypto in the similar way they allow with fiat currency.
According to Google đâď¸above, Square should put in their balance sheet that for their next investment they will be playing roulette with 50 million dollars
Coinbase
Coinbase pro, send to private wallet, then send to a non-us exchange if you plan to make trades in next few years
Robinhood isn't bad, it's just not a crypto wallet
Robinhood - has both public stocks and crypto. One stop shop.
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How bad is it in meta?
CoinBase is more legit one.
coinbase pro i suppose? because it has low fees?
Coinbase pro