Robinhood could potentially rival Coinbase

in #cryptocurrency7 years ago (edited)

Robinhood is an app that allows users to trade on an exchange. Currently they offer a myriad of stocks options. Moreover, they recently announced that crypto currencies such as Bitcoin, Etherium, etc.. will be added onto their exchange.

Once their crypto exchange gets launched, Robinhood is poised to be just as good as Coinbase. Also, unlike Coinbase, Robhinhood won't sell your information to the IRS if you are dealing in over 20k worth of transactions and assets. You read that right. Coinbase does this to their clients.

Another perk for Robin hood is there are zero fees associated with trading.

As mentioned before, unlike Coinbase, Robinhood does not sell your information even if your account exceeds 20k worth of transactions or assets. Therefore if you are an existing Coinbase user who has over 20k in their account, I'd recommend this app to you.

https://share.robinhood.com/tael23

This is a referral link for those interested in receiving a free stock for signing up.

You don't have to use mine but for those who do, you are guarenteed to recieve a free stock, such as either Apple, Tesla, Netflix, Sprint, Groupon etc..

Additional articles and resources:
More than 1 million people sign up for early access to Robinhood's new crypto trading service:
https://www.cnbc.com/2018/01/29/more-than-1-million-people-sign-up-for-early-access-to-robinhoods-new-crypto-trading-service.html

Robinhood adds zero-fee cryptocurrency trading and tracking:
https://techcrunch.com/2018/01/25/free-cryptocurrency-trading-app/

Is Robinhood going to challenge Coinbase and rival platforms for dominance in bitcoin and Ethereum trading?:
https://www.marketwatch.com/story/is-robinhood-going-to-challenge-coinbase-and-rival-platforms-for-dominance-in-bitcoin-and-ethereum-trading-2018-01-26

Coinbase ordered to give the IRS data on users trading more than $20,000
https://techcrunch.com/2017/11/29/coinbase-internal-revenue-service-taxation/