Why is using Robinhood to buy/sell crypto so frown upon by the crypto community?

Question

I’m new to cryptocurrency and admittedly don’t know jack squat about it. I bought some bitcoin and ethereum on Robinhood simply because it has no fees and Ive been able to make $200 off ethereum as it rises and lowers in price, and using robinhood lets me buy and sell without paying fees which I can’t do on coinbase, I would end up with less money on coinbase if I did that. 

I just wish robinhood had other cryptos as I hear some of the altcoins are set to explode in value. 

Answer 1

Robinhood has been busted by the SEC for manipulating prices on their platform. Your free trades are suddenly not so free.