So here's from their crypto trading page on their site: "Cryptocurrencies, stocks, ETFs, and options are now available side by side — all easily accessible in one app."
Kind of makes you wonder what that means, right? That just sounds like not an actual wallet, but no one has access to it yet as far as I know.
I thought the same thing! Places that aren't competitively priced are gonna not only lose current marketshare- there will be plenty of the new crop of bitcoin traders who go to Robinhood from the start.
Yeah for sure. I just left Coinspot to go to Binance, and may move again soon. Coinspot are charging 3% buy 3% sell fees, and withdrawing coins is really epensive from them too. They were up until 2 days ago trying to charge 1 Walton to withdraw Walton, that's like $49AUD. It's nuts!
I am excited that Robinhood is going to allow anyone to trade crypto but not a big fan of the way it works. You cant hold your own private keys and never really own it. I still think its a huge positive step to get crypto more mainstream, but I personally will not be buying any on it.
It's definitely chasing a different segment of the market- the folks who are maybe not going to get into the real-deal of decentralization and the blockchain, but want to make money on it as an asset they can day-trade. That said, who knows how the attitudes of people learning on Robinhood will evolve as they learn about cryptos through the platform?
It's a little too positive I think. While there's nothing wrong with positive news...it can lead to big disappointment when something doesn't goes right. Especially when over-hyped. Cryptocurrency gets a lot of hype. What goes up must come down at some point. Gotta learn to ride those waves.
Can you just buy and sell Bitcoin like on 4Sqaure or is it an actual wallet?
So here's from their crypto trading page on their site: "Cryptocurrencies, stocks, ETFs, and options are now available side by side — all easily accessible in one app."
Kind of makes you wonder what that means, right? That just sounds like not an actual wallet, but no one has access to it yet as far as I know.
Jeez, lots of companies that are currently charging crazy fees are going to turn into barren wastelands.... serves them right!
I thought the same thing! Places that aren't competitively priced are gonna not only lose current marketshare- there will be plenty of the new crop of bitcoin traders who go to Robinhood from the start.
Yeah for sure. I just left Coinspot to go to Binance, and may move again soon. Coinspot are charging 3% buy 3% sell fees, and withdrawing coins is really epensive from them too. They were up until 2 days ago trying to charge 1 Walton to withdraw Walton, that's like $49AUD. It's nuts!
I am excited that Robinhood is going to allow anyone to trade crypto but not a big fan of the way it works. You cant hold your own private keys and never really own it. I still think its a huge positive step to get crypto more mainstream, but I personally will not be buying any on it.
It's definitely chasing a different segment of the market- the folks who are maybe not going to get into the real-deal of decentralization and the blockchain, but want to make money on it as an asset they can day-trade. That said, who knows how the attitudes of people learning on Robinhood will evolve as they learn about cryptos through the platform?
crazy
I agree, great potential.
It's a little too positive I think. While there's nothing wrong with positive news...it can lead to big disappointment when something doesn't goes right. Especially when over-hyped. Cryptocurrency gets a lot of hype. What goes up must come down at some point. Gotta learn to ride those waves.
that's good to know how long before they get hacked you reckon ?
I let them rush in and see what happen before doing any moves.
I am happy to know that one of the founders of RoobinHood is Bulgarian Vladimir Tenev.