[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 28 KB, 1200x630, 1200x630wa.png [View same] [iqdb] [saucenao] [google]
14085253 No.14085253 [Reply] [Original]

Is using Robinhood to buy Cryptos a good idea?

>> No.14085269

no. not your keys, not your coins.

>> No.14085280

>>14085253
They don't charge, but it does take 10 days to recieve your funds

>> No.14085281
File: 57 KB, 645x729, pqafkb6d9ba01.jpg [View same] [iqdb] [saucenao] [google]
14085281

>>14085253
>you can buy crypto on robinhood

You don't actually own it.

>> No.14085289

>>14085281
So it's essentially like holding stock shares?

>> No.14085320

If you're purely in it for price speculation, why not?

>> No.14085345

Why the fuck would I buy crypto on some shitty site that holds my keys for me.

>> No.14085362

>>14085289

They own the crypto. You can't send it anywhere. You can only trade within the platform.

It's only available in like 10 states too.

>> No.14085391

>>14085362
Can you still profit either way assuming I don't get bogged or some shit?

I actually own coins in a cold wallet, but sometimes i'm just feeling lazy

>> No.14085408

>>14085391
>Can you still profit either way assuming I don't get bogged or some shit?

yes

>> No.14085461

>>14085408
Well, that's pretty much all I care about then

>> No.14085803

>>14085391
>Can you still profit either way assuming I don't get bogged or some shit?
Its as stupid as doing every trade on coinbase. Youre gonna get taxed out the ass.