Review on Robinhood by José A Rodríguez
Robinhood: A Wallet Aimed to Investments Yet to Become Better
Undoubtedly, cryptocurrency wallets became the most interesting fact in all the Blockchain products available. This is because they are different among them, and companies decided to implement more options instead of just storing cryptos.
Robinhood is a wallet that seems to simplify the process of storing cryptos. During years, crypto-holders have discussed the effectiveness of this product. Now, the company updated to be a more efficient and essential option. The good thing about it is that the company overall is there to teach new users the best way of getting immersed in storing and trading. I can easily think the name comes from it because they are committed to help individuals and encourage them to get back their money. Robinhood is a gate to own our money.
This wallet was designed for trading more than simply storing. In the beginning, Robinhood wallet permits users to store their tokens and go against unmeasured fees. After that, they can raise even more earnings by investing. Even if the value is less than a dollar, the company will accept it. There is freedom of trading on this wallet.
What I like about this wallet is its offer to help individuals to overcome their fear of investing. It has been ensured they work reliably and protect user's fund. However, the company also wants just the beginners to join their services, but I think despite all the learning they can master, it is still difficult to start any investment when they are just discovering ways to store their assets.
So, I consider the purpose of the company, although good, is not fully completed and it should be reorganized to clarify the process of their services. The investing field does not work well if they do not show order when storing cryptos. How users can manage all this tedious process if the company even does not offer a clear explanation of the tokens accepted and the current stock.
In conclusion, I still recommend to know this wallet since it is easy and free and give it a try to its inner updated configuration. However, I suggest new users who are just entering the deepest fields of cryptocurrency finances to know what is the scope of what they want and certify the wallet offers reliable options. Robinhood wallet is still in the shallow of the marketplace.
Pros
- Good web and mobile design in both the platform and the app. It is, in fact, a simple product with a nice view and a good colour that represents digital finances.
- A great model for presenting their starter purpose. The wallet permits to increase quality in crypto storage while customers discover how to trade and invest.
- Unique and practical.wallet ideal for entering the investment field.
Cons
- Although it is a legit product, the company should become more informative and updates because the current status of the product is a little bit outdated and their purpose is lost.
- It does not offer options to trade with fiat money and the currently admitted tokens are under the common range of cryptocurrencies availably in any wallet.
- Fees are low, but the company still add other commissions when a customer set an investment.
