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Anybody here use Robinhood?

 
Anonymous Coward
User ID: 79964821
United States
08/18/2022 06:55 PM
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Anybody here use Robinhood?
I'm looking for a place to buy some cryptocurrency. Robinhood keeps coming up in search. I'm not interested in getting involved in the stock market, my 401k does that.

I just wanna buy some crypto. Like stacking silver. I don't wanna get sucked into the market.
Anonymous Coward (OP)
User ID: 79964821
United States
08/18/2022 06:56 PM
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Re: Anybody here use Robinhood?
[link to robinhood.com (secure)]
Anonymous Coward
User ID: 84019731
United States
08/18/2022 06:58 PM
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Re: Anybody here use Robinhood?
I've used it. During really heavy trading events, the crypto part of their service on the network side has failed a few times where you can't buy or sale. The system gets overloaded. I don't know if they've improved it or not since then.

Happened a couple times during huge news events surrounding various cryptos.
Anonymous Coward
User ID: 83932579
United States
08/18/2022 07:00 PM
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Re: Anybody here use Robinhood?
Robinhood is probably the worst place to buy crypto. It takes way too long to withdraw. I use it for stocks, but I always buy my crypto from coinbase or a similar exchange.
Anonymous Coward (OP)
User ID: 79964821
United States
08/18/2022 07:01 PM
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Re: Anybody here use Robinhood?
I've used it. During really heavy trading events, the crypto part of their service on the network side has failed a few times where you can't buy or sale. The system gets overloaded. I don't know if they've improved it or not since then.

Happened a couple times during huge news events surrounding various cryptos.
 Quoting: Anonymous Coward 84019731


Looks really simple to use. I just wanna stack some crypto like some people stack silver. Is that even possible?
Anonymous Coward
User ID: 84019731
United States
08/18/2022 07:05 PM
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Re: Anybody here use Robinhood?
I've used it. During really heavy trading events, the crypto part of their service on the network side has failed a few times where you can't buy or sale. The system gets overloaded. I don't know if they've improved it or not since then.

Happened a couple times during huge news events surrounding various cryptos.
 Quoting: Anonymous Coward 84019731


Looks really simple to use. I just wanna stack some crypto like some people stack silver. Is that even possible?
 Quoting: Anonymous Coward 79964821


No I don't believe you can. You're probably better off with Coinbase or Binance. All of them are easy to use.
Anonymous Coward (OP)
User ID: 79964821
United States
08/18/2022 07:08 PM
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Re: Anybody here use Robinhood?
I've used it. During really heavy trading events, the crypto part of their service on the network side has failed a few times where you can't buy or sale. The system gets overloaded. I don't know if they've improved it or not since then.

Happened a couple times during huge news events surrounding various cryptos.
 Quoting: Anonymous Coward 84019731


Looks really simple to use. I just wanna stack some crypto like some people stack silver. Is that even possible?
 Quoting: Anonymous Coward 79964821


No I don't believe you can. You're probably better off with Coinbase or Binance. All of them are easy to use.
 Quoting: Anonymous Coward 84019731


hmm
And any profit you make needs to be reported to the IRS. Don't they give you an end-of-year statement to print up?
Anonymous Coward
User ID: 84030908
Norway
08/18/2022 07:21 PM
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Re: Anybody here use Robinhood?
No....
Anonymous Coward
User ID: 80151524
United States
08/18/2022 07:30 PM
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Re: Anybody here use Robinhood?
Use Venmo. I stant transactions and reasonable fees....the only downside, no wallet to wallet transactions..


For that use cash app.
Anonymous Coward
User ID: 82467052
United States
08/18/2022 07:42 PM
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Re: Anybody here use Robinhood?
I've used it. During really heavy trading events, the crypto part of their service on the network side has failed a few times where you can't buy or sale. The system gets overloaded. I don't know if they've improved it or not since then.

Happened a couple times during huge news events surrounding various cryptos.
 Quoting: Anonymous Coward 84019731


Robinhood sells information about what you're doing to larger firms.

[link to www.clym.io (secure)]

[link to dailycaller.com (secure)]





GLP