Coinbase is the number one ranked cryptocurrency exchange platform, topping app store charts for months! On this exchange you can buy btc, ltc and eth. Payment methods include your bank account or credit/debit card. If you want your crypto instantly, use a debit/credit card. Using your bank account can take 3-5 days BUT because of this the transaction fee is lesser. If you’ve ever used Coinbase to acquire some crypto then you know why anybody would consider waiting.... let’s be real, those outrageously high fees can hurt.
That’s why so many are pleased to hear that Robinhood, the first mobile no-commission brokerage app is opening their exchange to a select few altcoins with intentions of continuing to add more altcoins as they see prosperity.
Will Robinhood be able to run a sufficient exchange, afford the massive influx in crypto traffic it could drive, and all the money it could cost them, or is their time limited?
We don’t know yet, but we do know that Robinhood has already successfully completed a process like this before back in 2015 and plan their crypto addition launch to be just as much of a triumph. Robinhood intends to break even, and it’s very possible they will profit.
Will Coinbase be relevant anymore when crypto users are able to utilize Robinhood the same way they do Coinbase now with FEE-FREE TRANSACTIONS?
I am among the 191000 in list :P