07-30-2021, 03:49 AM
Reminder after Robinhood IPOed today. Move your funds out of Robinhood. You don't ow
<!-- SC_OFF --><div class="md"><p>If you bought any crypto through Robinhood, you are simply betting on the price of the coin. You DON'T have a wallet nor can you transfer funds out of it without liquidating everything (also causing a tax liability for most people).</p> <p>​</p> <p>The reason we buy crypto is because we don't need banks to manage our funds and have full control over our assets. When you use Robinhood you are literally doing the opposite of that.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wildabroad"> /u/wildabroad </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ou5p6t/reminder_after_robinhood_ipoed_today_move_your/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ou5p6t/reminder_after_robinhood_ipoed_today_move_your/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>If you bought any crypto through Robinhood, you are simply betting on the price of the coin. You DON'T have a wallet nor can you transfer funds out of it without liquidating everything (also causing a tax liability for most people).</p> <p>​</p> <p>The reason we buy crypto is because we don't need banks to manage our funds and have full control over our assets. When you use Robinhood you are literally doing the opposite of that.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wildabroad"> /u/wildabroad </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ou5p6t/reminder_after_robinhood_ipoed_today_move_your/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ou5p6t/reminder_after_robinhood_ipoed_today_move_your/">[comments]</a></span>Kind Regards R