02-15-2022, 10:44 PM
FINALLY got all my crypto off Robinhood. You should too. ASAP.
<!-- SC_OFF --><div class="md"><p>I'll admit it: I've kept a large sum of my crypto on Robinhood this whole time... until now. To be fair, I had stopped actively buying with them a year ago, but had decided not to sell since they had announced they were developing crypto wallets. So I decided to just hodl until I could transfer out... and that time has finally come! Last night I finally received word that my wallet was ready. <strong>As of this morning the remaining assets I has hodling have been transferred OUT!</strong></p> <p>Screenshot: <a href="https://imgur.com/a/unzF2sS">https://imgur.com/a/unzF2sS</a></p> <p><strong>I STRONGLY urge you to do the same if you have not done so already.</strong> It's worth the gas price too (<a href="https://ycharts.com/indicators/ethereum_average_gas_price">which is a little lower than normal right now</a>). If you've quietly been waiting for your Robinhood crypto wallet, it should come soon. I was around number 55k in line to receive mine.</p> <p><em>Why transfer out?</em> If you're not aware, Robinhood restricted trades during the the GameStop/meme-stock mania last year which effectively helped shady hedge funds and hurt regular folk like you and I (<a href="https://www.cnet.com/personal-finance/investing/robinhood-backlash-what-you-should-know-about-the-gamestop-stock-controversy/">see more about that here</a>). They were also fined $70M by FINRA over other shady practices, including having "outages" during big market swings between 2018 and 2020 (<a href="https://www.nytimes.com/2021/06/30/technology/robinhood-fined-misleading-customers.html">check that out here</a>). This was especially a frustration last year when Robinhood suddenly suffered "technical difficulties" during the epic Doge runup (<a href="https://www.theverge.com/2021/5/4/22419159/robinhood-dogecoin-outage-crypto-trading-crash#:%7E:text=Robinhood%20confirmed%20that%20it%20experienced,the%20beginning%20of%20the%20day">more info here</a>). So then, it's pretty clear that Robinhood's interests are NOT with you. <strong>Why trust them with your assets when they block you from making financial decisions during critical market movements?</strong></p> <p>I'm not the only one in this sub that is alarmed by Robinhood, please see these additional posts and comments from our fellow sub-mates for more information so you can make your own decision:</p> <ul> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/lmyhur/for_those_still_on_the_fence_with_robinhood_watch/">Robinhood CEO can’t/won’t answer questions</a></li> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/pw0kgt/leaked_documents_show_that_citadels_ceo_lied/">Citadels CEO Lied Under Oath about a Collusion with Robinhood</a></li> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/lfrslo/reminder_robinhood_blocked_several_stocks_from/">Robinhood locked the buy button when it suited them</a></li> </ul> <p>TLDR: I finally moved all my crypto off Robinhood now that they enabled my crypto wallet. You should too because they are shady AF.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Vimmington"> /u/Vimmington </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/st424u/finally_got_all_my_crypto_off_robinhood_you/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/st424u/finally_got_all_my_crypto_off_robinhood_you/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'll admit it: I've kept a large sum of my crypto on Robinhood this whole time... until now. To be fair, I had stopped actively buying with them a year ago, but had decided not to sell since they had announced they were developing crypto wallets. So I decided to just hodl until I could transfer out... and that time has finally come! Last night I finally received word that my wallet was ready. <strong>As of this morning the remaining assets I has hodling have been transferred OUT!</strong></p> <p>Screenshot: <a href="https://imgur.com/a/unzF2sS">https://imgur.com/a/unzF2sS</a></p> <p><strong>I STRONGLY urge you to do the same if you have not done so already.</strong> It's worth the gas price too (<a href="https://ycharts.com/indicators/ethereum_average_gas_price">which is a little lower than normal right now</a>). If you've quietly been waiting for your Robinhood crypto wallet, it should come soon. I was around number 55k in line to receive mine.</p> <p><em>Why transfer out?</em> If you're not aware, Robinhood restricted trades during the the GameStop/meme-stock mania last year which effectively helped shady hedge funds and hurt regular folk like you and I (<a href="https://www.cnet.com/personal-finance/investing/robinhood-backlash-what-you-should-know-about-the-gamestop-stock-controversy/">see more about that here</a>). They were also fined $70M by FINRA over other shady practices, including having "outages" during big market swings between 2018 and 2020 (<a href="https://www.nytimes.com/2021/06/30/technology/robinhood-fined-misleading-customers.html">check that out here</a>). This was especially a frustration last year when Robinhood suddenly suffered "technical difficulties" during the epic Doge runup (<a href="https://www.theverge.com/2021/5/4/22419159/robinhood-dogecoin-outage-crypto-trading-crash#:%7E:text=Robinhood%20confirmed%20that%20it%20experienced,the%20beginning%20of%20the%20day">more info here</a>). So then, it's pretty clear that Robinhood's interests are NOT with you. <strong>Why trust them with your assets when they block you from making financial decisions during critical market movements?</strong></p> <p>I'm not the only one in this sub that is alarmed by Robinhood, please see these additional posts and comments from our fellow sub-mates for more information so you can make your own decision:</p> <ul> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/lmyhur/for_those_still_on_the_fence_with_robinhood_watch/">Robinhood CEO can’t/won’t answer questions</a></li> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/pw0kgt/leaked_documents_show_that_citadels_ceo_lied/">Citadels CEO Lied Under Oath about a Collusion with Robinhood</a></li> <li><a href="https://np.reddit.com/r/CryptoCurrency/comments/lfrslo/reminder_robinhood_blocked_several_stocks_from/">Robinhood locked the buy button when it suited them</a></li> </ul> <p>TLDR: I finally moved all my crypto off Robinhood now that they enabled my crypto wallet. You should too because they are shady AF.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Vimmington"> /u/Vimmington </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/st424u/finally_got_all_my_crypto_off_robinhood_you/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/st424u/finally_got_all_my_crypto_off_robinhood_you/">[comments]</a></span>Kind Regards R