The stock trading app and podium Robinhood just announced they’ll be adding Cryptocurrency to their app soon. They’ll include their same no-fee trading of a number of cryptocurrencies right out the gate, including Bitcoin, Ethereum, Litecoin, and a number of others. That takes place soon – today charts and price alerts were announced to be being added to Robinhood for 16 coins.
The 16 coins Robinhood will be adding today are spil goes after: $btc, $eth, $ltc, $xrp, $bch, $btg, $etc, $zec, $dash, $xmr, $Qtum, $omg, $EOS, $NEO, $miota, $doge. Thesis coins will be part of the Robinhood crypto app, but for now just Bitcoin and Ether are available for trading, and only ter Five states.
UPDATE: One entire heck of a loterijlot of cryptocurrencies are now on Robinhood, including the following. Bitcoin, Ethereum, Ripple, Bitcoin Specie, Litecoin, Qtum, Ethereum Classic, Stellar, NEO, Zcash, Monero, Dash, Bitcoin Gold, Lisk, OmiseGO, and Dogecoin. Spil they say on Sesame Street: Which one doesn’t belong? It’s baffling to see Dogecoin amongst thesis other major coins – but who knows?
This all of a sudden puts Robinhood te rechtstreeks competition with Coinbase. Coinbase wasgoed the most major name te moving USD into Bitcoin before now – now there’s a war brewing. All of a sudden not only is Robinhood bringing the same services Coinbase has, but it’s connecting Crypto to more traditional stocks right out the gate. Gold and silver too!
This might well switch the spel for many fresh investors. Those previously hesitant of how or when to buy te on the cryptocurrency universe have a onderbrak broad open – one truly, truly effortless way to get ter on this craze right this minute.
OH ALSO: They’re gonna need your social security number. No big overeenkomst, right? The coins are all anonymous or whatever, right? Make sure you know what you’re getting into here before you get into it.
Robinhood Crypto still includes the same “free” situation spil the surplus of their trading business. That means “Free trading of stocks and options refers to $0 commissions for Robinhood Financial self-directed individual metselspecie or margin brokerage accounts that trade U.S. listed securities via mobile devices or Web.” They verbinding to their Commissions and Fees paper which I’ve included ter the gallery below:
According to Robinhood, their “Early Access” line is growing at a tremendous rate. Overheen at Crypto.Robinhood, the line went from a duo thousand to 20,000 te less than an hour, then leaped to overheen 50,000 te the time it took mij to write this article. That’s accomplish madness, accomplish madness indeed!
OF NOTE: None of what’s above or what’s ter any article on SlashGear should be considered financial advice. Any activity taken by a reader before, during, or after reading an article on SlashGear is the foot responsibility of the reader. Go seek out a financial advisor very first, then do whatever you want!