2 Trading Apps That I Love To Use!

   This is two of the Trading apps that I use on the daily. They are very user friendly and easy to use. I will tell you the advantages and disadvantages of each app. This is strictly my opinion and not meant to degrade the apps mentioned.

ROBINHOOD

 Robinhood is a very well designed, well explained, and user friendly. It can help beginner investors learn more about trading without the fear of losing all your investment. They do not charge commissions for stock, options, or cryptocurrency trading. Lots of people want to get into trading to make extra money and learn from this. Having no commission makes it easier to calculate your profits and makes it safer to invest with a low amount of money. 

  Here are some advantages of Robinhood:

• They have zero balance requirement to open an account are attractive for new investors.

 It’s $5 per month for Robinhood Gold. This allows you to trade on margin, view in depth market data, and access to research, such as Morningstar reports on high-volume stocks.

 Robinhood is best for newbies to investing who want to trade small, including fractional shares and cryptocurrencies, and require little research about trading.

A lot of other crypto trading apps require a minimum in order to trade. Some that don’t require a minimum do charge fees. With Robinhood, it’s not only a trading app for cryptocurrency, but it is a trading app for stocks too. 
  
  Here are some cons of Robinhood:

  • There is very little research and resources available. This can make it hard to see if you are investing wisely, especially if you are a new to investing.

• It is not live streamed data that you are looking at.

 Some people go as far as saying that Robinhood is to simple for them and doesn’t have enough data. Others believe that the Robinhood Gold is a rip off. 

 In my opinion, I would like to see more cryptocurrency come to Robinhood. It would be great to see Robinhood pick up small cryptos like CluCoinShiba InuSafeMoon, etc. 


 Crypto.com is a good app to trade crypto with. The only problem I have with Crypto.com is the minimum to withdraw. It does come with fees and there is minimums to the currency that you purchase. I personally wouldn’t use this app if I was just starting out and barely know what to look for. The problem with cryptocurrency, is that you can’t make no mistakes AT ALL when it comes to transferring to your wallets. Everything has to be to the point and properly placed. Crypto.com accepts credit card and debit cards, but it doesn’t accept a lot. I use Chime Banking to fund my accounts and Ive only had one problem. 

 The one problem I’ve had with Crypto.com is how sensitive the app is. I was purchasing Shiba Token when I got a text message and accidentally clicked it. After clicking it my account was charged but I didn’t receive the order. After messaging support, I realized that doing this action had delayed my order by a couple of days. 

Pros about Crypto.com: 

• Users have a secured, low-cost cryptocurrency exchange.

• Low Fees

• High Security 

• Good for all crypto needs

• You can earn interest on many coins

• Live updated data on multiple cryptos (even ones not able to be traded on Crypto.com)

Everyone’s experience is going to be different than everybody else’s. I have been using Crypto.com for about 1 year now. As mentioned above, Crypto.com Earn feature allows you to earn interest on your deposits. Be aware that you will have to pay a withdrawal fee when moving your digital assets from your Crypto.com wallet. 

Cons about Crypto.com:

• Response time for customer support takes to long. It can be between 1 day to a week before getting a response. 

These are the main trading apps that I use the most and the ones I like. I do use other apps, but in my opinion they don’t do nearly as much as Robinhood and Crypto.com. 

Please make sure you do research before investing into any cryptocurrency. There are always risks, no matter how big or small, when it comes to investing. Just because I recommend these apps, it does not mean that nothing can happen. Multiple factors are in play when you choose to invest.

Thank You For Reading, 

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