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Stories like this are why I've stayed away from Robinhood. After doing more research before starting any trading, I learned that I can buy stocks through Vangua
by silicon2401 6y ago
Stories like this are why I've stayed away from Robinhood. After doing more research before starting any trading, I learned that I can buy stocks through Vanguard, which is a platform that I actually do support a lot.
One question I have is: what's a safe, secure, reliable alternative to Robinhood for buying crypto as an American? I've read about Coinbase and Binance but seen that some people have had shady experiences with them too.
- ausbah 6y agosofi is an alternative I've heard about
- hiimtroymclure 6y agoNo company has perfect service but Coinbase has always done right by me. Great security and super easy onboarding. Whenever a friend asks me how to buy crypto, I send them to CB. My only criticism would be the lack of some coins with real value and communities like Monero, NANO, or NEO.
- silicon2401 6y agoThanks! Is the process like with traditional trading, where you transfer money into the Coinbase account from your bank, and then buy whatever? Do you transfer coins to a physical wallet?
- hiimtroymclure 6y agoYeah! You'll connect your bank account and do some security verification. Once approved you can buy whatever you want. Although depends on what you mean by traditional trading. If you want see details charts and create market orders or limits, things like that, then you'll want Coinbase Pro. Coinbase is great for easy buying and then holding there in your wallet. You can either leave your coins on Coinbase or transfer out to a hardware wallet like Ledger or Trezor. If you go the hardware route, stay away from Ledger. Pretty solid wallet but the handling of their customer data break was pretty unfortunate.