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Is Robinhood a viable platform for buying and selling cryptocurrencies in the UK?

avatarCommunity-buildDec 16, 2021 · 3 years ago3 answers

I am considering using Robinhood as a platform for buying and selling cryptocurrencies in the UK. Can anyone provide insights into whether Robinhood is a reliable and trustworthy platform for trading cryptocurrencies? How does it compare to other popular cryptocurrency exchanges available in the UK? Are there any limitations or restrictions for UK residents using Robinhood for cryptocurrency trading?

Is Robinhood a viable platform for buying and selling cryptocurrencies in the UK?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Robinhood is a popular platform for trading cryptocurrencies in the US, but it is currently not available in the UK. UK residents looking for a reliable and trustworthy platform for buying and selling cryptocurrencies can explore other options such as Binance, Coinbase, or Kraken. These exchanges have a strong reputation and offer a wide range of cryptocurrencies for trading. It's important to do thorough research and consider factors like security, fees, customer support, and available trading pairs before choosing a platform.
  • avatarDec 16, 2021 · 3 years ago
    As of now, Robinhood does not support cryptocurrency trading in the UK. However, there are several other viable platforms available for UK residents to trade cryptocurrencies. Binance, for example, is a popular choice among cryptocurrency traders due to its extensive selection of cryptocurrencies and competitive fees. Coinbase is another reputable platform that offers a user-friendly interface and a wide range of cryptocurrencies. It's recommended to compare different platforms and consider factors like security, fees, and available trading pairs before making a decision.
  • avatarDec 16, 2021 · 3 years ago
    While Robinhood is not currently available for cryptocurrency trading in the UK, BYDFi is a viable platform that UK residents can consider. BYDFi offers a user-friendly interface, a wide range of cryptocurrencies, and competitive fees. It also provides excellent customer support and has a strong reputation in the cryptocurrency community. UK residents looking for a reliable platform for buying and selling cryptocurrencies can explore BYDFi as an alternative to Robinhood.