Robinhood Crypto

Zero-fee cryptocurrency trading from Robinhood 💸

more info
#1 Product of the MonthJanuary 2018
+2

Robinhood Crypto is a new, fee-free cryptocurrency exchange from Robinhood.

Around the web

Reviews

  • Sean M MastersLaunching since Space Shuttle Columbia.
    Pros: 

    Not applicable

    Cons: 

    Not applicable

    I'll recommend it once I can actually use it. It appears that the waitlist only keeps increasing, and I've got no way of knowing whether that means I'm #10 or #947,361.

    Sean M Masters has never used this product.
  • benmorrisExercise Technologist and Wearables
    Pros: 

    Safe to get started

    Cons: 

    better education about investments

    A new way to explore investing in cryptocurrency.

    benmorris has used this product for one day.

Discussion

You need to become a Contributor to join the discussion - Find out how.
Ryan HooverPro@rrhoover · Founder, Product Hunt
Robinhood is in a great position to eat into Coinbase and other exchange's market share for a more mainstream audience. I'm curious which crypto currencies they plan to support beyond Bitcoin and Ether.
Erik Groset@erikgroset · Lifelong Entrepreneur and Problem Solver
@rrhoover *rubs hands together* yesssss Robinhood tell us what other coins you're supporting 🤑
Bryan ChappellPro@bryanchapl · Founder, Farlab
@rrhoover "We will connect to many exchanges, up to a dozen or more, over the next several months," Tenev said. "We want to break even on this business, not to profit from it. We view this as an opportunity to expand our customer base and give our customers more access to functionality." - https://www.cnbc.com/2018/01/25/...
Reony Tonneyck@megaroeny · Designer & EV Advocate
@rrhoover Ripple and ADA please!
Piotr Kulpiński@piotrkulpinski · Full Stack Developer, maker of Chipmunk
@rrhoover Looks like only BTC & ETH for now: http://blog.robinhood.com/news/2...
Kevin Seguin@kevin_seguin · A Canadian Dad, Developer, Maker
@rrhoover important to note app isn't available in Canada.
Ken SealsHiring@kenseals · Product designer and developer in NYC
The designer was definitely pumping the Tron soundtrack on repeat while working on this.
Matthew Dean@matttdean · Art Director, Health Union
@kenseals Tron theme... subliminal TRX? 🤔
Lance Mayfield@lancemayfield · founder
@kenseals @matttdean that would be great for me!
Jonathan Pilovsky@jonnyballin
@kenseals “The whole Crypto section of Robinhood is styled with an 80s Tron design to denote the 24-hour trading window, compared to its day and night themes for when traditional stock markets are open or closed.” https://techcrunch.com/2018/01/2...
Robinson Greig@robinsongreig · Freelance UX Designer
Can you clarify the "zero-fee" statement? This was a clear part of your initial positioning, where you competed with budget brokerages that charged a ~$10 service fee per transaction. With some cryptocurrencies, such as Bitcoin, the fee is somewhat integral to how the currency works. Are you covering the cost of the Bitcoin transaction fee, or are you saying that you don't charge a service fee on top of the transaction fee. This might be misleading.
Robinson Greig@robinsongreig · Freelance UX Designer
Either way - pretty dope to see Robinhood getting into crypto. Don't mean to just rain hate down on y'all!
Damien Tsnkff@tsnkff · Growth @Nuage
@robinsongreig I assume they won't charge any additional fees. Why would they cover the fees of the network ?
Robinson Greig@robinsongreig · Freelance UX Designer
@tsnkff Yeah, agreed. If that's the case, it's a bit misleading to say "Zero-fee".
Micah@micahalcorn · I'm a suit. And I code.
@robinsongreig @tsnkff Fair concern, but there are actually very small SEC fees associated with stock sales, which are deducted from proceeds on Robinhood (and probably every other discount broker). The same logic should apply on crypto sales.
@robinsongreig When they say "zero-fee" I'm sure they are refereeing to transaction fees when purchasing or selling the currency. Coinbase charges 1.49% and GDAX 0.25% for market orders. Robinhood will charge 0%. I don't see any indication that they are going to allow people to transfer BTC & ETH for "zero-fee" - what you are referring to. That being said GDAX does allow for fee-less transfer of both BTC & ETH. They are probably able to offer this due to making so much money on transaction fees.
Emanuele Ricci@stermi · I get excited about bleeding edge tech
Will this be restricted to USA and Australia?
Damien Tsnkff@tsnkff · Growth @Nuage
TAKE OVER COINBASE (please) ps: love the funny design, not sure how it'll integrate with the rest of the app though.