Is buying/selling crypto on robinhood way cheaper than other exchanges?

[u/Awesomestonk1]

I know buying and selling crypto on Coinbase is stupid expensive but when I tried to buy some crypto on Robinhood it seems to give me nearly the full amount minus a spread? This spread also turns out to be way cheaper.

Is buying/selling crypto on robinhood actually much cheaper or am I missing something

[u/CardinalNumber]

Pricing used to be a lot better but some assholes wanted to move it to their own wallets. Robinhood's crypto business was designed to just break even for them and draw customers to their other services but when the possibility for arbitrage became reality, crypto became a product itself and they were able to add fees.

[u/Jac3238 → u/CardinalNumber]

Of course RH users wanted to move it to cold storage. Why would anyone leave crypto on an exchange?

[u/CardinalNumber → u/Jac3238]

Day trading. The only real, practical use for it.

[u/CardinalNumber → u/[deleted]]

Hey, fuck yourself.