07-03-2021, 06:03 AM
Just took all my Crypto out of Robinhood. Best decision I’ve ever made.
<!-- SC_OFF --><div class="md"><p>When I first got into crypto trading and investing back in January, I used RH for its simplicity and Economics (free). It wasn’t until I had several thousand $ worth of crypto in it when I learned of its crummy business practices and the fact I don’t actually own the crypto. The problem I faced was that the only way to get it out was to liquidate it into USD, and transfer it to my bank, and rebuy the crypto on an exchange. I knew this process would take up to 6 business days. I was worried that in that time crypto would spike and I would lose potential gains. But I said screw it and did it anyway. Now I’m reinvested and have my ETH and BTC on Coinbase and I couldn’t be more relieved.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MugShadow"> /u/MugShadow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oc8mjk/just_took_all_my_crypto_out_of_robinhood_best/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oc8mjk/just_took_all_my_crypto_out_of_robinhood_best/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>When I first got into crypto trading and investing back in January, I used RH for its simplicity and Economics (free). It wasn’t until I had several thousand $ worth of crypto in it when I learned of its crummy business practices and the fact I don’t actually own the crypto. The problem I faced was that the only way to get it out was to liquidate it into USD, and transfer it to my bank, and rebuy the crypto on an exchange. I knew this process would take up to 6 business days. I was worried that in that time crypto would spike and I would lose potential gains. But I said screw it and did it anyway. Now I’m reinvested and have my ETH and BTC on Coinbase and I couldn’t be more relieved.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MugShadow"> /u/MugShadow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oc8mjk/just_took_all_my_crypto_out_of_robinhood_best/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/oc8mjk/just_took_all_my_crypto_out_of_robinhood_best/">[comments]</a></span>Kind Regards R