Cryptocurrency News & Discussion

First up, Robinhood is a regulated trading platform that also includes crypto, it is fully regulated under US laws by the SEC. Yes, that SEC. During the bullrun of 2021 when prices were starting to spike, they disabled people from being able to buy crypto or load money onto your account. The reason they gave was ‘ extraordinary market conditions. ‘ In reality the bullmarket wasn’t at its peak yet which would only occur November of 2021. It was starting to heat up and naturally people wanted to get in a bit earlier so they can make a profit.

People were so angry that they left 100K+ negative reviews for Robinhood which Google went and removed for them. See what happens when a crypto service is under government control. They literally cheated retailers out of potential profits and are still operating today and many people still use them!

This is a warning, they also did it with GME which was a different stock, but we won’t get off topic, you can google that if you want to know more. Just a heads up because the Btc halving is less than a year away, stay away from Robinhood. With them it’s not a matter of if, but when. They will cheat you or potentially even steal from you, so why take the risk? Steer clear and buy and trade your crypto through other means, of course do your due diligence but whatever you do, don’t do Robinhood.