Robinhood Crypto

Zero-fee cryptocurrency trading from Robinhood 💸

CryptoGolden Kitty 2018
+3

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

Discussion
Would you recommend this product?
54 Reviews3.8/5
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.
Upvote (51)Share
@rrhoover *rubs hands together* yesssss Robinhood tell us what other coins you're supporting 🤑
Upvote (15)Share
@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/...
Upvote (15)Share
@rrhoover Ripple and ADA please!
Upvote (4)Share
@rrhoover important to note app isn't available in Canada.
Upvote (4)Share
Hiring
The designer was definitely pumping the Tron soundtrack on repeat while working on this.
Upvote (48)Share
@kenseals Tron theme... subliminal TRX? 🤔
Upvote (4)Share
@kenseals @matttdean that would be great for me!
@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...
Upvote (2)Share
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.
Upvote (25)Share
Either way - pretty dope to see Robinhood getting into crypto. Don't mean to just rain hate down on y'all!
Upvote (5)Share
@robinsongreig I assume they won't charge any additional fees. Why would they cover the fees of the network ?
@tsnkff Yeah, agreed. If that's the case, it's a bit misleading to say "Zero-fee".
Upvote (8)Share
@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.
Upvote (1)Share
@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.
Upvote (5)Share
Will this be restricted to USA and Australia?
Upvote (17)Share

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.

Pros:

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Cons:

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Upvote (17)Share
yes, does cobinhood not already have a functioning exchange with 0 fees? are these the same people? and kraken too for a few more days now i suppose