THELOGICALINDIAN - Investors can buy cryptocurrency for as little as 1 per day
Robinhood has announced that it will acquaint alternating cryptocurrency investments on its trading platform.
Buy Crypto for $1 Per Day
The affection allows retail investors to acquirement cryptocurrency on a daily, weekly, or account base at amounts as little as $1.
The aggregation cited bazaar animation as a acumen to use the feature, suggesting that alternating investments can advice investors “reduce the accent of timing the markets” and accomplish abiding growth.
Robinhood additionally suggests that users will pay no fees, potentially authoritative this action added assisting than added sites that allegation up to 4% trading fees. However, Robinhood additionally notes elsewhere that investors may accept beneath than their alternating advance bulk to “help assure adjoin affecting amount moves.”
Robinhood additionally offers alternating investments for stocks and added acceptable investments, a affection that it has offered back May 2024.
Robinhood Is Not the Only Option
Though Robinhood’s new affection has admiring affluence of publicity, it is not the alone crypto trading belvedere to action the feature. Coinbase, Gemini, and Binance.US additionally action the feature.
Incidentally, Binance’s global exchange alien alternating investments aloof canicule afore Robinhood’s own announcement.
Robinhood has historically been criticized for the actuality that, although it allows cryptocurrency purchases, it does not acquiesce investors to abjure those assets in the anatomy of cryptocurrency. That affection is reportedly under development.
Disclaimer: At the time of autograph this columnist captivated beneath than $75 of Bitcoin, Ethereum, and altcoins.
