Robinhood trading has recently announced that they will entering the crypto-currency market with up to 16 coins to choose from.
I have to admit that I was pretty excited when I first heard this. In my opinion their announcement it's just another sign that the cryptocurrency market is here to stay.
The company first made news when they launched their stock trading platform that allows customers to purchase stock with almost no fees. About 5 months ago I wrote an article about the company. Here is a clip from that article giving some information about the company itself:
More info on Robinhood Trading from Wikipedia
Robinhood Markets offers a free stock trading app.
The company keeps the cost low by having no storefronts.
The firm is a FINRA-approved broker-dealer, registered with the U.S. Securities and Exchange Commission and is a member of the Securities Investor Protection Corporation (SIPC).
They currently have over two million users.
Initially when the firm launched they had a waiting list of 100,000 people, by Sept. 2014 the waiting lay was up to 500,000 people.
Currently 50% of Robinhood's customers who have made a trade, visit the app daily. As of 2017 the company has executed over 30 billion in trades.
Currently they are running a promotion offering new users a chance to earn free stock simply by downloading the Robinhood App and signing up with them. "
Robinhood Trading entering the cryptocurrency market is wonderful news for the industry itself. The idea of purchasing with little to no fees seems almost fantasy. Their presence in the market is bound to give Coinbase a run for its money. It's true that added competition will probably make Coinbase a little nervous, but it's great news for the rest of the industry. I've even heard few experts say that Robinhood has the potential to replace Coinbase. Either way the added competition promises to benefit the industry itself.
I will admit that I am a little sad that I will have to wait before I can use Robinhood to buy cryptocurrency. Here is a little information that I found in the help section of the Robinhood app:
Though using their platform won't be an option for me immediately, at least I know it will be an option later on. Luckily I was introduced to Robinhood about 5 months ago and I already have my account setup. One of the cool things about Robinhood is that they have great referral promotions. One of the things that made them so popular was the ability to earn free stock by simply referring friends to the app. Their promotion allows both the person referring and the new customer to receive a free stock for simply joining the program. I can only imagine that later on this promotion will include cryptocurrencies, but I'm just guessing. When Robinhood first launched there were over 500 thousand people waiting for access to the platform. I can only Imagine how long the line will be once cryptocurrencies hit mainstream. So why wait to everyone else is signing up, you might as well sign up now. You might even find a few stocks you might want to buy.
So here's my refer a friend link. If anyone is interested in earning a free stock just click on the link and check it out for yourself.
Here's a the video by Jsnip, one of my favorite crypto personalities, discussing his view of Robinhood joining the cryptocurrencies market.
Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link to receive the free stock. http://share.robinhood.com/irwing3
Thank you for sharing with me I hope this post has inspired you to at least do some research on the Robinhood platform. Can also check out some of my earlier articles listed below.
There is beauty in all weather.
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If you are interested in receiving some free stock from Robinhood here is my referral link again. http://share.robinhood.com/irwing3
This information is very useful for me and everyone. Thank you
Thanks man. I think it's pretty cool. :)
I am happy to follow you
Post very, very interesting as we are used to, Robinhood comes with everything but I think it still has to overcome Coinbase but in the not too distant future if that could happen, Greetings bro!
I think that would be pretty sweet. I have nothing against Coinbase, but I'm tired of not being able to use them when they conveniently stopped working.
Hahaha good in that part if you are very right my friend, is very upset when that happens, greetings from a faithful bro reader :)
What a great job you have done friend, very good summary and with a very useful information, we will see what happens in the future I am an active user of Coinbase!
The way it is set up right now there aren't that many options to buy coins outright cash. That's why I got to be awesome and I hope they are successful.
We have already seen that robbin hood has everything necessary to continue climbing steps, hopefully it will be useful in coinbase .Blessings good post!!
Hopefully what's awesome is it'll be in another option. We are limited and how we can cash out on cryptocurrencies. Robinhood is successful that be an amazing bonus.
If brother that I realize I invite you to see a post I made of the cryptocurrencies and what you read may be useful in my profile greetings!
Me dices que escribiste halgo sobre crypto currencies. Pero cuando miro a tu pagina no hay nada sobre el tema. Hmmm.
La mejor forma de atraer a gente nueva a tu pagina es conectandote con las diferente comunidades de steemit. Te recomiendo la de whaleshares y la de minnowsupport. Las dos comunidades tienen un canal sobre discord. Minnowsupport tiene una comunidad que son de Venezuela. Ellos te ayudarian adelantarte rapido. :)
In fact I didnt know the robinhood company but I know a bit about it owing to you. thanks
I signed up originally just to help a friend get free stocks, then I really did not do much with it. Mainly because I'm not into stocks. Yet, when I found out about them entering the crypto Market that's when I got excited. Now they will be dealing in something that I'm interested.
I have a problem with the coin base and if the robin hood is better, I will change the wallet, I am new to all this. greetings friend
I think most users that don't have several Millions have problems with coinbase. They always seem to conveniently stopped working when the market Is at key points. Just my opinion. It's very convenient that their options suddenly stopped working.
I recently heard of a new wallet that was more profitable than coinbase but I do not know, but reading your publication I learned about RobinHood. Thank you my brother
It'll be nice as the market progresses and we have more options. From what I understand pillar is creating a really amazing wallet also.
I've been using Robinhood to trade stocks since they first launched their Android app. It's been a lot of fun to learn about the market and trade stocks big and small without worrying about losing money due to fees.
If Robinhood does successfully implement a way to trade fiat for digital currencies without fees, there will be many excited users. Coinbase is easy and it works, but having to pay several dollars to transfer your money back to your bank account can be absurd.
Thanks for sharing your thoughts. I'll be watching closely to see how successful this venture is!
I'm hoping they're very successful. The industry needs a new reliable way to convert cryptocurrencies into Cash. I feel like it's a form of control, they can't control the currencies so they try to control how we can exit from them. I have no doubt that if Robinhood can achieve this successfully they will be a huge company. The company was Cutting Edge from the beginning, so it'll be nice to see them evolve.
Indeed. I think at the least, it might cause Coinbase to lower its fees. Right now, since they're the largest exchange, it's easy for them to charge higher fees because they are the most trustworthy of fiat exchanges. Once there's a competitor, that will change. Thanks for sharing your thoughts!
That's exactly why I am hopeful. it's kind of the same thing with YouTube if you think about it. They have set themselves up to have no competitors and therefore feel they can discriminate against who they allowed to use their platform.
Definitely. We've seen that recently with their new affiliate program, which they say they are doing to only run ads with quality content. To be fair, they have had a lot of issues with advertisers and questionable content recently, but it does alienate people who want to start making content. 1000 subscribers is a difficult mark to reach while not getting any revenue from your videos.
I think that's where DTube will help. We've seen a lot of quality content start to go up there, and the creators make significantly more per video and view than they do on YouTube.
Coming back to Robinhood, the app now lets you add a few cryptocurrencies to your watchlist alongside your stocks. I thought that was interesting considering that I'm not in one of the states where they plan to roll out the service first.
I hope it comes here eventually, because I'd love to be able to send my currency to Robinhood instead of Coinbase. Anyhow, thanks again for your thoughts.
this information is very useful for me as a beginner
Welcome to steemit. It's nice to have you. Thank you for checking out my post. Please be careful not to write the same comment on several post, that might cause you trouble later on. Just some friendly advice :)
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