Robinhood Crypto Trading - page 4. | Bitcointalksearch.org

Hazeey

jr. member

Activity: 42

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Quote from: mobilazy on January 25, 2018, 10:22:33 PM

I'm still waiting for verification on cobinhood. Same story as will other exchanges. Takes ages to get verified to lvl 2. Why create another exchange with same frustrated customer experience? It little off-topic, I see. But is it so hard to hire computer vision and ML expert to train AI for verification? Right now it seems like some slow kid doing this job part-time on MOST of the exchanges Grin

This is nothing like cobinhood in any way shape or form. Cobinhood tried to copy Robinhood's business model of offering fee free trading and that is the only relation these two have. Robinhood is a company worth over 1.3 billion dollars in the United States and has been around for 5 years. It is not a "crypto exchange" it is a well established stock trading platform that is expanding into the crypto space for its investors.

mobilazy

member

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I'm still waiting for verification on cobinhood. Same story as will other exchanges. Takes ages to get verified to lvl 2. Why create another exchange with same frustrated customer experience? It little off-topic, I see. But is it so hard to hire computer vision and ML expert to train AI for verification? Right now it seems like some slow kid doing this job part-time on MOST of the exchanges Grin

Hazeey

jr. member

Activity: 42

Merit: 1

Quote from: colvis on January 25, 2018, 07:05:25 PM

does this means that people who are from other country are not eligible to participate on the registration..
and is the exchange going to be used by US citizens only?

Only US citizens right now. They plan to start moving into other countries in the next few years likely starting with Canada

Maveth13

full member

Activity: 336

Merit: 112

Quote from: Hazeey on January 25, 2018, 06:06:14 PM

Quote from: jmlona on January 25, 2018, 04:23:29 PM

Any new exchange will always be good for crypto, especially one that already has an established user base and offers zero fees. It will be interesting however to see if they are one of those exchanges that claims to offer zero fees but that's because they make up all of their profit by offering very low exchange rates.

It wasn't exactly detailed how they would be making money from crypto. They make it work with stocks by selling order flow to exchanges and using idle money for investment

They have premium services called Robinhood Gold, I guess they'll make profit from that, don't know exactly how they would implement that to cryptocurrency trading though.

Quote from: colvis on January 25, 2018, 07:05:25 PM

does this means that people who are from other country are not eligible to participate on the registration..
and is the exchange going to be used by US citizens only?

Currently, yes. It's only planned for 5 states at the moment as well.

teejaymuna

newbie

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And hopefully, in no distant time, Robinhood will go global. I'm sure that be their vision. Good one for BTC and Altcoins.

A.Delaney

member

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I already trade with Robinhood and love it. I’m excited for this.

colvis

full member

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does this means that people who are from other country are not eligible to participate on the registration..
and is the exchange going to be used by US citizens only?

Hazeey

jr. member

Activity: 42

Merit: 1

Quote from: jmlona on January 25, 2018, 04:23:29 PM

Any new exchange will always be good for crypto, especially one that already has an established user base and offers zero fees. It will be interesting however to see if they are one of those exchanges that claims to offer zero fees but that's because they make up all of their profit by offering very low exchange rates.

It wasn't exactly detailed how they would be making money from crypto. They make it work with stocks by selling order flow to exchanges and using idle money for investment

jmlona

member

Activity: 279

Merit: 16

Any new exchange will always be good for crypto, especially one that already has an established user base and offers zero fees. It will be interesting however to see if they are one of those exchanges that claims to offer zero fees but that's because they make up all of their profit by offering very low exchange rates.

Hazeey

jr. member

Activity: 42

Merit: 1

Quote from: btcCoincart on January 25, 2018, 04:00:57 PM

Ooops I saw crypto before the link, are you sure this is official?

Yep, check the blog post

http://blog.robinhood.com/news/2018/1/24/dont-sleep#

You can also go on your Robinhood app and add a bunch of crypto to your watchlist

btcCoincart

newbie

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Ooops I saw crypto before the link, are you sure this is official?

Hazeey

jr. member

Activity: 42

Merit: 1

Quote from: patt0 on January 25, 2018, 02:50:10 PM

Hmm I've heard about this and I've read the article and these are exciting news but are you sure about those links you are posting?
The website https://crypto.robinhood.com/ is not mentioned anywhere in the article or the official website https://www.robinhood.com/ so I'm not sure that link is official. Where did you get it?

About the news itself, I also find it very interesting and I hope the expand to Europe, but I would love to trade with no fees.

I was a bit confused by this as well when I first saw it, but if you go to Robinhood's main page and click on the "support" area it now shows a new tab with Crypto trading and all the information on it. I also linked the blog post from Robinhood in the 2nd post of this thread with more details on it if you wanted to check that out.

Yeah unfortunately it is only offered in the United States right now. There has been a lot of talk about expanding to Canada and eventually Europe once they get all the features added and running flawlessly

Hazeey

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Activity: 42

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Quote from: glennmatthew on January 25, 2018, 03:36:16 PM

Quote from: Hazeey on January 25, 2018, 03:32:53 PM

Quote from: glennmatthew on January 25, 2018, 02:43:40 PM

Guys,

Is it a coincidence that this is called Robinhood?

COBINHOOD is already doing all that you described above. Their COB token also gives some pretty nice bonuses, like period airdrop of new tokens.

Trading with zero-fee

https://bitcointalksearch.org/topic/ann-cobinhood-zero-trading-fee-cryptocurrency-exchange-2169745

https://cobinhood.com/

Quote from: ViktorTroshka on January 25, 2018, 02:17:23 PM

For whose money will the exchange exist? Who will pay for the equipment, ervers. It also requires high costs for sacurity and personnel. Most likely it's just a marketing move to attract new customers. But after a while a fee will be introduced and the exchange will turn into the usual one.

To address your concerns: COBINHOOD makes money from ICO's which it underwrites, and from margin trading (which has a little fee on it)

Cobinhood is actually a copy-cat of Robinhood not the other way around. Robinhood is huge in the US and has been around for a long time. It is federally insured and SEC compliant in the US meaning they can't just walk away with your money.

Cobinhood is shit in comparison to Robinhood, no offense

Good to know - thanks! I'll keep an eye on it.

Is that insurance only for US citizens, or does that insurance cover international users too?

Unfortunately, the firm has not expanded internationally so only US based customers can trade here. You wouldn't be able to create an account unless you were a US citizen because they have to comply with US rules and regulations to offer securities trading. They have talked about expanding to Canada and some European countries in the future.

Hazeey

jr. member

Activity: 42

Merit: 1

Quote from: Beerwizzard on January 25, 2018, 03:01:28 PM

I would never trust my money neither to robinhood nor to cobinhood. The original Robin Hood has been taking money from rich people and giving it away to the poor ones which makes me feel a hidden meaning in the name of the project. That will be funny if this project will decide to scam its followers one day or it just get "hacked". The fact that there exist a similar project with a similar name makes it look suspicious.
P.S. You should move this thread to the service discussion board: https://bitcointalk.org/index.php?board=85.0

Good luck "scamming" the US government LOL

Robinhood is federally insured and SEC compliant in the United States. There will never be any type of exit scam by Robinhood, because it is not possible. This is not an exchange or any other type of shitcoin ICO. This is a US based brokerage firm that has been around for a long time now offering stock/options trading and now they are expanding into crypto.

geo43

member

Activity: 84

Merit: 10

Great for the US market. Robinhood has been around for 5 years and has a great reputation for making stock investing accesible to a younger demographic. Its already valued at $1.3 billion. Cobinhood is a copycat of this app.

glennmatthew

sr. member

Activity: 462

Merit: 253

Quote from: Hazeey on January 25, 2018, 03:32:53 PM

Quote from: glennmatthew on January 25, 2018, 02:43:40 PM

Guys,

Is it a coincidence that this is called Robinhood?

COBINHOOD is already doing all that you described above. Their COB token also gives some pretty nice bonuses, like period airdrop of new tokens.

Trading with zero-fee

https://bitcointalksearch.org/topic/ann-cobinhood-zero-trading-fee-cryptocurrency-exchange-2169745

https://cobinhood.com/

Quote from: ViktorTroshka on January 25, 2018, 02:17:23 PM

For whose money will the exchange exist? Who will pay for the equipment, ervers. It also requires high costs for sacurity and personnel. Most likely it's just a marketing move to attract new customers. But after a while a fee will be introduced and the exchange will turn into the usual one.

To address your concerns: COBINHOOD makes money from ICO's which it underwrites, and from margin trading (which has a little fee on it)

Cobinhood is actually a copy-cat of Robinhood not the other way around. Robinhood is huge in the US and has been around for a long time. It is federally insured and SEC compliant in the US meaning they can't just walk away with your money.

Cobinhood is shit in comparison to Robinhood, no offense

Good to know - thanks! I'll keep an eye on it.

Is that insurance only for US citizens, or does that insurance cover international users too?

glennmatthew

sr. member

Activity: 462

Merit: 253

Quote from: Beerwizzard on January 25, 2018, 03:01:28 PM

I would never trust my money neither to robinhood nor to cobinhood. The original Robin Hood has been taking money from rich people and giving it away to the poor ones which makes me feel a hidden meaning in the name of the project. That will be funny if this project will decide to scam its followers one day or it just get "hacked". The fact that there exist a similar project with a similar name makes it look suspicious.
P.S. You should move this thread to the service discussion board: https://bitcointalk.org/index.php?board=85.0

It is foolish to assume that an established exchange will not pull an exit scam. If the founders of any current top 20 or even top 50 exchange pull a fast one, they will never have to check their bank account again. Living a comfortable life in Mexico, Hawaii, or the moon.

My rule of thumb is to never hold funds on exchanges, deposit, trade, withdraw.

PS.
Well if we are judging exchanges by their names, then what is special about the Legolas exchange which is in your signature? Tongue

cptdome1

sr. member

Activity: 386

Merit: 251

I believe that only a few US States will allow Crypto purchases for Robinhood.

Hazeey

jr. member

Activity: 42

Merit: 1

Quote from: glennmatthew on January 25, 2018, 02:43:40 PM

Guys,

Is it a coincidence that this is called Robinhood?

COBINHOOD is already doing all that you described above. Their COB token also gives some pretty nice bonuses, like period airdrop of new tokens.

Trading with zero-fee

https://bitcointalksearch.org/topic/ann-cobinhood-zero-trading-fee-cryptocurrency-exchange-2169745

https://cobinhood.com/

Quote from: ViktorTroshka on January 25, 2018, 02:17:23 PM

For whose money will the exchange exist? Who will pay for the equipment, ervers. It also requires high costs for sacurity and personnel. Most likely it's just a marketing move to attract new customers. But after a while a fee will be introduced and the exchange will turn into the usual one.

To address your concerns: COBINHOOD makes money from ICO's which it underwrites, and from margin trading (which has a little fee on it)

Cobinhood is actually a copy-cat of Robinhood not the other way around. Robinhood is huge in the US and has been around for a long time. It is federally insured and SEC compliant in the US meaning they can't just walk away with your money.

Cobinhood is shit in comparison to Robinhood, no offense. This isn't an ICO or any other type of money grab exchange, Robinhood is actually the real deal. It is valued at over 1.3 billion dollars in the United States right now as a company and has been around for 5 years.

Beerwizzard

full member

Activity: 924

Merit: 148

I would never trust my money neither to robinhood nor to cobinhood. The original Robin Hood has been taking money from rich people and giving it away to the poor ones which makes me feel a hidden meaning in the name of the project. That will be funny if this project will decide to scam its followers one day or it just get "hacked". The fact that there exist a similar project with a similar name makes it look suspicious.
P.S. You should move this thread to the service discussion board: https://bitcointalk.org/index.php?board=85.0

Topic: Robinhood Crypto Trading - page 4. (Read 1078 times)