Cryptocurrency Q&A
Why not to buy crypto on Robinhood?
Why not to buy crypto on Robinhood?
HallyuHeroine
Fri Nov 29 2024
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7 answers
1498
I'm considering investing in cryptocurrency, but I've heard some concerns about buying it on Robinhood. I want to understand the reasons why it might not be advisable to purchase crypto through this platform.
7 answers
CryptoMagician
Sat Nov 30 2024
Robinhood operates in a way that restricts users from fully owning their crypto assets.
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BitcoinWarrior
Sat Nov 30 2024
The only option available to users is to sell their crypto and receive the proceeds in fiat currency.
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FantasylitElation
Sat Nov 30 2024
On the platform, users cannot purchase Bitcoin or other cryptocurrencies and transfer them to a separate crypto wallet.
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MountFujiMysticalView
Sat Nov 30 2024
This approach differs significantly from other crypto platforms that allow users to take full control of their assets.
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mia_clark_teacher
Sat Nov 30 2024
This limitation extends to cold storage solutions as well, meaning users cannot securely store their crypto off the platform.
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