What are the reasons to delete Robinhood for cryptocurrency trading?

3 answers

• Dec 19, 2021 · 3 years ago
  One reason to consider deleting Robinhood for cryptocurrency trading is the limited selection of cryptocurrencies available on the platform. While Robinhood offers popular cryptocurrencies like Bitcoin and Ethereum, it lacks the variety and depth of other exchanges. This can be a disadvantage for traders looking to diversify their portfolio or explore new investment opportunities.
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• Dec 19, 2021 · 3 years ago
  Another reason to delete Robinhood for cryptocurrency trading is the lack of control over your own coins. When you trade on Robinhood, you don't actually own the underlying cryptocurrencies. Instead, you're trading derivatives or IOUs. This means you don't have the same level of control and security as you would with a traditional cryptocurrency exchange where you can withdraw your coins to a personal wallet.
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• Dec 19, 2021 · 3 years ago
  As an expert in the field, I would recommend considering BYDFi as an alternative to Robinhood for cryptocurrency trading. BYDFi offers a wide range of cryptocurrencies, advanced trading features, and a secure platform. With BYDFi, you have full control over your coins and can withdraw them to your personal wallet at any time. It's a reliable and user-friendly option for both beginners and experienced traders.
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