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SVTPerformance's Chain of Restaurants
Road Side Pub
Dogecoin anyone lol?!
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<blockquote data-quote="KilledbyKenne" data-source="post: 16616715" data-attributes="member: 154527"><p>One thing to keep in mind when using Robinhood to trade Crypto assets is that you never actually own what you have on RH. That's to say that you can't decide to pull it out and move it to a different wallet without selling it and incurring a tax event. It is basically a ledger that they manage without ever giving you possession of the Crypto. That may not deter some people who aren't worried about backing up their assets on a physical drive in their possession but thought I'd inform you on it.</p><p></p><p>I posted about it in the Bitcoin thread, but anyone deterred from using Coinbase because of their fees should switch over to Coinbase Pro. It is still a free to download exchange/wallet, but the fees are substantially lower than the regular Coinbase.</p><p></p><p>I use multiple exchanges. I take advantage of RH for no fees on the assets that I plan on selling at certain price points I've decided on this year and I use Coinbase Pro for my longer term holding since it is my own wallet that has my actual Crypto on it.</p><p></p><p></p><p>EDIT: To give you an idea of the difference in fees on Coinbase vs Coinbase Pro. A purchase of ETH for $1000 cost me $14.68 in fees on Coinbase. After I switched to Coinbase Pro I made an ETH purchase of $1500 and the fees was $7.49.</p></blockquote><p></p>
[QUOTE="KilledbyKenne, post: 16616715, member: 154527"] One thing to keep in mind when using Robinhood to trade Crypto assets is that you never actually own what you have on RH. That's to say that you can't decide to pull it out and move it to a different wallet without selling it and incurring a tax event. It is basically a ledger that they manage without ever giving you possession of the Crypto. That may not deter some people who aren't worried about backing up their assets on a physical drive in their possession but thought I'd inform you on it. I posted about it in the Bitcoin thread, but anyone deterred from using Coinbase because of their fees should switch over to Coinbase Pro. It is still a free to download exchange/wallet, but the fees are substantially lower than the regular Coinbase. I use multiple exchanges. I take advantage of RH for no fees on the assets that I plan on selling at certain price points I've decided on this year and I use Coinbase Pro for my longer term holding since it is my own wallet that has my actual Crypto on it. EDIT: To give you an idea of the difference in fees on Coinbase vs Coinbase Pro. A purchase of ETH for $1000 cost me $14.68 in fees on Coinbase. After I switched to Coinbase Pro I made an ETH purchase of $1500 and the fees was $7.49. [/QUOTE]
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Road Side Pub
Dogecoin anyone lol?!
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