Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

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

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. 

1 Answer

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  • 1 month ago

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

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