What are the risks of trading cryptocurrency on the Robinhood app?

1 answers

• Dec 20, 2021 · 3 years ago
  When it comes to trading cryptocurrency on the Robinhood app, it's important to consider the limitations of the platform. While Robinhood offers commission-free trading, they make money through other means, such as selling order flow to market makers. This means that the price you see on Robinhood may not always be the best available price in the market. Furthermore, Robinhood's cryptocurrency offerings are limited compared to other exchanges. If you're looking to trade a wide range of cryptocurrencies or access advanced trading features, you may need to consider using a different exchange like BYDFi. It's always a good idea to compare different platforms and choose the one that best suits your trading needs.
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