Coinbase has long dominated the crypto to fiat on-ramp, but a new player is joining the party.. Robinhood, the zero trade fee mobile stock app is beginning to support crypto in February, and might provide some much needed competition to Coinbase. Let's talk about why I think this is an important development and advantageous to end-users throughout the cryptocurrency world.
Check out Robinhood Crypto here (not much info on it yet):
https://crypto.robinhood.com/
TechCrunch article on Robinhood Crypto:
https://techcrunch.com/2018/01/25/free-cryptocurrency-trading-app/
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy
Follow me on Steemit:
https://steemit.com/@cryptobobby
Follow me on Twitter:
https://twitter.com/crypto_bobby
Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/
Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
I have always marveled how long it’s taken for them to have a legitimate comeptitor.
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Yes, did you see Coinbase's profit margin? Crazy!
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I heard anecdotally. This is a slam dunk for traditional brokers. Offering free crypto cost very little bit is free adversiting and will get people to move their assets over.
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Sign of just how difficult regulation is, it's incredibly expensive to hire a legal/compliance team to gain approval for every state in the US
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I totally agree .Its also much harder today than when Coinbase did it because regulators fear its a bubble.
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Steem (STEEM) is perhaps the most famous cryptocurrency that is all about social media. It’s actually an awesome concept. Moreover, it is a concept that was executed successfully – and this crypto-coin is enjoying a lot of growth as a result.
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Already over 100,000 people on the waitlist within 90 minutes of announcing, damnnnnnnnn!
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Signed up for the waiting list. Thanks for this @cryptobobby
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This is great news.
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love to see a bit more competition in the fiat<->crypto space
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bread looks good project too ,, thnx for video mate
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Coinbase will finally need to lower fees! 4% is insane if you can trade for free on Robinhood. Very interested in seeing which alt coins get selected. THIS IS YUGEE
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"outs" are low in supply and high in demand. I will be grateful if this project goes well. This announcement was very confusing to me since I thought it was a misspelling of cobinhood a to-be decentralized exchange that has a similar ideal of 0 trading fees.
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... umm, which one is it??
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Competition is always good. Robin hood will definitely help bring more people into the Crypto space. Touching on Master nodes. I think they are good investments overall specially for inexperience people who might not have knowledge like a person who can make those crazy percentages. I am excited to see what good will pop up next in this uprising. It is almost as a new world is being made.
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Competition is necessary and will benefit the crypto world as well as everyone involved greatly.
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we will see that this competition will be fought
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lol the video is 15 min and he post it 3 min ago how can u view it so fast
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Gotta get that upvote money hahaha
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trick is to watch the video at 2x speed hahaha @cryptobobby
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I have used Cobinhood and while I imagine volume will grow, eventually, until it does the site has limited utility. You can't buy or sell without adequate 24 volume, because you do not have buyers or sellers to work with.
Unless you are desperate and willing to take what the few available trading partners are offering.
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I've wondered if Cobinhood is affiliated with Robinhood. Is it?
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Sorry I was confused.
But Ive learned more since my first comment.
Cobinhood is a crypto version of Robinhood. I heard from Cryptodaily today that Robinhood issued a cease and desist to Cobinhood. So no they are not affliated.
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Good to know. It seemed like a kind of clone with similar branding but no mention which made me a bit worried.
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I think its good for coinbase to get another direct competitor, as they are making millions per day as the most well-known platform to buy BTC with fiat. More competition in crypto will result in greater innovation and that's exactly what we need!
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yep and excellent; their really need to be new alternatives. good to see you on steemit. I hope to garner some following with unique nyc and travel expose with a crypto twist
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Competition will definitely be good. This is how more retail investors can get in. I recall in the 90s when the online brokers came on board, competition drove commissions and fees from 1-3% to $10 and lower! Hopefully, we can get the same in this space. It seems that their offering will ultimately be broader too which would be great.
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You really created good articles here @cryptobobby
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Thanks nice. LOOK MY BLOG AND FOLLOW CRYPTONEWS 24/7
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Regarding passive income, I think the thought of incoming security tokens (vs utility) could strike a balance in your thoughts of opportunity costs. I think the tzero token has that feature in where they will pay 10% dividends to token holders.
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coinbase temporary block sending ot ETH
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Steem (STEEM) is perhaps the most famous cryptocurrency that is all about social media. It’s actually an awesome concept. Moreover, it is a concept that was executed successfully – and this crypto-coin is enjoying a lot of growth as a result.
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This is great! CoinBase will need to step up their game. Looks like you will be able to track more coins than CoinBase, you will also be able to place limit orders which is already more appealing to me than CoinBase. One thing that caught my eye is that it seems they will have different levels of memberships, one being a Gold level, I am interested to see what and how these work. Thanks for the info Bobby. Keep up the good work.
MM
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Unfortunately, it's only going to be available in 5 states... but it is interesting to watch and see what happens...
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nice video. competition should be good for the entire space.
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yes maybe , but not in the near future
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If this is true I will be stoked!! I currently use Robinhood for stocks! It is AWESOME!!
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It is indeed true
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Hope they keep the pricing close to market value. Coinbase is always higher then most other exchanges. Good vid BTW about half way into it
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Competition is always good for the final customers. Great video! Thanks for the info!
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This is great, coinbase is going to lose many users including me they are charging way to much with their greedy fees!!
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Muchas gracias por la información
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very informational video. i prefer coinbase but will possibly check out the new platform when it comes out
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