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RE: Will Robinhood Save Us From Coinbase's Tyranny?

in #cryptocurrency6 years ago (edited)

In my opinion if you are new to bitcoin world and you don't want to take any kind of risk you are likely to land at coinbase. Especially when you have a considerable amount of money you want to invest. For example don't see a hollywood actor who discovers Bitcoin going to Binance. So this exchange has a specific category of investors imo.

Coming to Robinhood i think the simplicity of the app makes it more handy for long term traders or swing traders. That kind of trading when you buy low and sell high once in a month. Despite the fact that it does not have advanced trading features the release of their API (coming soon) is going to be a great opportunity for many day traders as you can plug it to Desktop interface or even delegate the trading decisions to a bot so you can make high frequency trading at zero fees. I don't know if the API will be tweaked to avoid high frequency trading or even will it be a free service .