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Robinhood Introduces Routine Crypto Investments

Robinhood Introduces Routine Crypto Investments

Investors need to purchase cryptocurrency for as minute as $1 per day.

Robinhood has announced that it would perchance presumably introduce recurring cryptocurrency investments on its shopping and selling platform.

Clutch Crypto for $1 Per Day

The feature permits retail patrons to lift cryptocurrency on a daily, weekly, or monthly foundation at amounts as minute as $1.

The company cited market volatility as a cause to declare the feature, suggesting that recurring investments can merit patrons “slash back the stress of timing the markets” and raze lengthy-term growth.

Robinhood also suggests that users will pay no costs, potentially making this strategy more profitable than other websites that cost up to 4% shopping and selling costs. Alternatively, Robinhood also notes in other locations that patrons would perchance simply receive lower than their recurring investment amount to “merit offer protection to against dramatic imprint strikes.”

Robinhood also offers recurring investments for stocks and other frail investments, a feature that it has offered since Would perchance well moreover simply 2020.

Robinhood Is Not the Handiest Option

Although Robinhood’s new feature has attracted quite loads of publicity, it’s miles rarely any longer the most straightforward crypto shopping and selling platform to offer the feature. Coinbase, Gemini, and Binance.US also offer the feature.

Incidentally, Binance’s world alternate launched recurring investments factual days sooner than Robinhood’s have announcement.

Robinhood has historically been criticized for the real fact that, though it permits cryptocurrency purchases, it does no longer enable patrons to withdraw those property within the form of cryptocurrency. That feature is reportedly beneath pattern.

Disclaimer: At the time of penning this creator held lower than $75 of Bitcoin, Ethereum, and altcoins.

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