The Robinhood app will now let users buy and sell Bitcoin and Ethereum, starting on February. This is following coinbase'S huge success by allowing to be a gateway to crypto currency. However, Robinhood plans to let users buy crypto without any added transaction fees, compared to Coinbase’s high transaction fees. In the coming months Robinhood will alos add more crypto currency be added to the platform like litecoin, ripple and dash.
Robinhood co-founder Vlad Tenev stated “We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future. The value of Robinhood Crypto is in growing our customer base and better serving our existing customers.”
This is a game changed, now when someone asks you "how do you buy bitcoin?" you can now easily say use the robinhood app. I have used the robinhood app and it takes minutes to setup and make your first purchase.
Here's how.
- Download Robinhood app
- transfer money
- Buy bitcoin
- Have a pina colada
Robinhood has simplified the trading and tracking of Bitcoin and Ethereum. Robinhood could further legitimize the cryptocurrency craze. With a massive user base, Robinhood can help usher in an influx of new crypto enthusiast like yourself.
Remember to research before investing and do not invest with scared money. This is not financial advice but educated speculation. FOLLOW YOUR OWN RULES FOR INVESTING
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Cool information
thanks, i love days like these. 1 day closer to mass adoption.