Review on Robinhood by Olugbenga Ajayi
You don't control your wallets address with Robinhood wallet
Robinhood wallet is known for commission free transaction. It does not charge any transaction fee on both bitcoin and other six cryptocurrencies that it supports.
Like other digital wallets, user can hold cryptocurrency assets and benefit from appreciation and still buy and sell inside the wallet since it includes an inbuilt exchange.
The only major issue with this wallet is that you can not transfer cryptocurrency into another wallet. This is because the wallet does not leave the management of the wallet address with the user.
Hence if you are looking for an easy to use wallet and your business does not include transferring assets outside the wallet, then Robinhood wallet is for you but if the kind of wallet you need requires external transfer, then look elsewhere.
Pros
- It does not charge transaction fee
- It is available for use on mobile and PC
- The wallet is easy to use
Cons
- Not so reliable due to recurrent outages
- It doesn't leave the management of the wallet address with the user
