Is Robinhood a good platform for buying bitcoin?

With Robinhood, you can buy Bitcoin as you would buy any shares of a company. You can buy whole or part of a Bitcoin using Robinhood. Now, what are the advantages of Robinhood that make it a great platform for buying Bitcoin? Robinhood is one of the easiest platforms to buy shares of public companies.

What is Robinhood Crypto?

For many Robinhood users, before Robinhood Crypto came about, they had no idea where they could buy cryptocurrencies. In February of 2018, Robinhood began allowing its users to trade two of the most popular cryptocurrencies Bitcoin and Ethereum. Since then, the company has added an additional 5 cryptocurrencies.

How does Robinhood work?

There’s less responsibility on your end so you can focus on accumulating Bitcoins. With Robinhood, you can buy Bitcoin as you would buy any shares of a company. You can buy whole or part of a Bitcoin using Robinhood.

What are the drawbacks of Robinhood's cryptocurrency trading platform?

With many other cryptocurrency exchanges, not so much. By far, the biggest drawback to Robinhood's cryptocurrency trading platform is that all you can do is buy, hold, and sell your cryptocurrencies. In other words, you can't send your Bitcoin to another cryptocurrency wallet, spend it on real-world purchases, or receive Bitcoin from other people.