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Pros & Cons Review Robinhood Beta Crypto Wallet Trading Platform Jan 2022

by PRC Agency PR
Pros & Cons Review Robinhood Beta Crypto Wallet Trading Platform Jan 2022

Crypto website Decentralandwire.com recently published their in depth review of Robinhood Exchange with a focus on helping beginner crypto traders. The aim of Decentralandwire is to provide the most relevant and useful information to beginner crypto traders, so they can invest with confidence.

While it may seem unusual to some, Decentralandwire chooses to focus on helping beginner crypto enthusiasts wanting to buy or sell cryptocurrencies without any additional hoops to jump through. more specifically, because investing in cryptocurrencies is a risky undertaking. Guidance and direction as well as information needed to make informed investment decisions...

While most other review sites simply list the positive selling points, such as Robinhood has launched a cost free crypto wallet in January 2022. Beta testing is underway with 1000 current clients to identify any issues with the wallet. Which is great because beginner investors in cryptocurrency will be able to buy, sell, and hold their crypto on the Robinhood platform.

Some sites may go so far as to cover the more critical aspects as well, for example. The main disadvantage of Robinhood is that it is a custodial exchange. This means that crypto assets are held by someone else, which is generally looked down upon in the crypto community. Not having access to one's own keys is a huge disadvantage, especially if you are a day trader or want to act quickly on fast-flowing information. Because it doesn't allow the investor to own the wallet where crypto assets are stored...

... Decentralandwire endeavours to go one step further in its mission to provide more value to beginner crypto enthusiasts wanting to buy or sell cryptocurrencies without any additional hoops to jump through.. One example of such specific advice is found below.

Quote from Christine Brown, Robinhood's Chief Operating Officer

"The wallet will be free to use. We have not added fees to the [wallet] product. We will be passing on the transfer fees that exist when you move assets on-chain. Our customers have been asking for the ability to send and receive crypto on Robinhood, and that's exactly what Robinhood is building."

Decentralandwire got its start in October, 2021, founded by Michael O'Reilly. The idea for the site came about in 2020... started investing in cryptocurrencies at the onset of the global pandemic. The more tokenomics learned ... purchases became investments in certain favorite coins/tokens. A decision or enlightenment for lack of a better term. Was why not tell the world about not only the risks associated with crypto. But where we are going in a blockchain, decentralized world..

Ever since, Decentralandwire has made a point to provide the most value and best information to beginner crypto enthusiasts wanting to buy or sell cryptocurrencies without any additional hoops to jump through.. So far this encompasses about 80/Eighty pages of content and 25/Twenty Five Coin/Token, Product reviews.

Decentralandwire's complete write up review of Robinhood Exchange can be found at:

https://decentralandwire.com/robinhood


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Created on Feb 11th 2022 21:41. Viewed 87 times.

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