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What is Robinhood.com | Is It One You Should Switch To?

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What is Robinhood.com? What does it have to offer that its competitors are not offering? Does it have some extra-ordinary features that you should not be missing out on? We shall be finding out about this and more in today’s review. Below are the main elements of the review that will help us have a clear understanding about what Robinhood.com is here to achieve:

  • What is Robinhood.com?What is Robinhood.com?
  • Which are the main features of Robinhood?
  • How does the cryptos section of this platform work?
  • Robinhood Gold, what is it about?
  • The fees you can expect to be charged on Robinhood.com
  • Is Robinhood.com a scam?
  • Pros and Cons

Name: Robinhood.com

Official Website URL: https://robinhood.com/us/en/

Overall Rating: 3 out of 5 stars (3 / 5)

Recommended: Yes ( It has limited crypto options. It may not be the best option for those who are out to invest in cryptos)

==> Here is a recommended alternative to Robinhood.com ( Get a free crypto ATM Card + $50 Worth of Cryptos)<==

What is Robinhood.com about?

Robinhood.com is a very popular free trading app, which allows investors from all walks to make an income by trying their hand in a wide variety of stocks, without incurring any charges that other  platforms otherwise charge. This platform had for the longest time held its position as the sole free brokerage free platform, but has gradually faced stiff competition from the other platforms who have also realized that it is very possible to offer similar services at no charges.

Even with quite a significant number of brokerage firms encroaching the space that was otherwise Robinhood’s competitive edge, it still remains to be the preferred option for the investors who are out to purchase various assets. Robinhood.com also included cryptos to its list of offerings, making it a relevant tool in the current day world, in which there is a gradual move towards the mass adoption of cryptos.

Robinhood.com is also popular for offering a cash management system that allows one to earn interest on the funds held in their account, along with paying bills using the special MasterCard debit card. To make these cards even more useful, Robinhood has made it possible for its customers to access more than 75000 ATMs, and to withdraw money at absolutely no charges.

Which are the main features of Robinhood?

You can benefit from this platform’s main features, which include:

  • Scheduled deposits– Robinhood.com allows you to schedule automatic cash deposits to your account on a weekly, bi-weekly, monthly or even quarterly basis. This features helps those who would otherwise struggle with depositing money by themselves when time is due.
  • It has advanced order support– Robinhood.com allows order types such as market orders, stop orders, as well as limit orders.
  • Robinhood Instant– with this feature you can gain access to the deposits you’ve made (that are less than $1000), or even access the money in your account right away right after the sale of your stocks. With other platforms in the market, you are required to wait for not less than 3 business days to access your money after selling the stocks. ‘
  • Robinhood Gold– this is a feature that lets you do after-hours trading, as well as gain access to larger amounts of your cash deposits on a need-to-basis (instantly)
  • Crypto trading – this is one the latest features to be included on the platform. With this one, you can access and trade in several cryptos as well as track the prices of many other coins.

The free stocks trades offered by Robinhood.com target millennial investors who can use the app to earn an income on the go.

How does the cryptos section of this platform work?

Robinhood.com’s cryptocurrency trading service lets traders purchase and sell some of the very popular cryptos, including:

  • BTC
  • BCH
  • ETH
  • ETC
  • LTC
  • DOGE

This service is gradually being availed to customers in states in the USA. So far, more than 50% of the entire USA population can purchase cryptos from the cryptos menu of the app. For those people who cannot trade in cryptos, Robinbhood.com has ensured that they can still track the prices and data of 16 digital coins.

Trading in cryptos on this platform is free of charge, which is unlike what other platforms like Coinbase and Binance are offering. With the other platforms, you are required to pay some fees.

Robinhood Gold, what is it about?

Robinhood Gold happens to be a “premium” feature of Robinhood.com that allows investors to do what is referred to as margin trading. It is an opt-in service which charges a flat fee of $5 per month. This is a service that the expert traders can take advantage of, owing to their deep understanding of how the markets work. The new investors, however, should refrain from using margin trading without expert guidance. In the same manner that you can get massive profits from a single trade, is the same way in which you can make huge losses in the event that the market predictions do not go as expected.

The fees you can expect to be charged on Robinhood.com

The main trades happening on this platform are free of charge. This includes the stocks, options as well as ETFs. There are, however, some other fees that most people never incur anyway, but are worth looking into. Like if you decide to use the Robinhood Gold Service, you should be willing to part with $5 per month, in addition to an interest of 5% of the margin that is more than $1000.

You should also expect to incur a fee of $22.10 for every $1000,000 worth of principle on the sells. These charges are often rounded off to the nearest penny. Robinhood.com charges these fees to take care of the costs that regulators SEC charge.

If you are selling equity, you should also be ready to incur a fee of $0.000119 per share. Those selling options should be ready to incur a fee of $0.002 per share. Fortunately, enough, this fee does not go beyond the $5.95 mark.

Is Robinhood.com a Scam?

In my humble opinion, this platform is 100% genuine. It is one that people have been using to earn an income with as they trade for a very long time. Most people have used it to trade non-crypto assets at no fee, which is something that many investors have found helpful in their journey towards building a diversified portfolio of assets. The inclusion of crypto assets has made the deal even better.

The only thing about Robinhood.com that you will possibly not like that much is the quality of the services that are offered. On Trustpilot,  for instance, the platform has a rating of (2/5) stars, which is quite low in my own opinion. Most of the customer complaints tend to highlight the weaknesses of the customer service department, where their issues have gone unattended to.

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Pros and cons

Pros

  • No fees and charges for the trades
  • Supports cryptocurrency trades
  • There are no minimum deposit and minimum balance requirements.

Cons

  • The trading functionality of the platform is limited in comparison to the competitors
  • The platform does not support bonds and mutual funds.

Final Words and Verdict

Verdict: Legit

Overall Rating: 3 out of 5 stars (3 / 5)

I think Robinhood.com is a pretty decent platform and were it not that the customer service department has been found lacking, I would have recommended it right away. To that regard, I think it has some impressive features that you can rely on, but if you do not trust it enough, then you can have a look at what my number one recommended alternative to Robinhood.com has to offer. My recommended alternative is a platform that deals with cryptos, but it has some other significant benefits that I think you would like to have a look at.

Recommended Alternative To Robinhood.com 

Thank you for sticking with me to the end of this review about what Robinhood.com is about. I hope you loved it and that you now know whether it is one that you will rely on to earn your income as an investor. Do not forget to have a look at what my number one recommended alternative has to offer, and you can be the judge of the platform that is offering better opportunities and features.

Eric,

Blogger,  Bitcoin Investor, and team member on Start Make Stop Waste!

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What is Gemini.com | Is It a Reliable and Trustworthy One?

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What is Gemini.com? Does it have an edge over its competitors? Where does it stand out? These are some of the key questions that I hope to help you get answers to by the end of this review. We shall go through the review by getting down to the details under the following subtopics:What is Gemini.com?

  • What is Gemini.com?
  • What are the outstanding features of the Gemini exchange platform?
  • Which coins can you purchase on this platform?
  • What is the Gemini Wallet like?
  • The fees charged on this platform
  • Is Gemini.com genuine or is it a Scam?
  • Pros and Cons

Name of the platform: Gemini.com

Official Website URL: https://gemini.com/

Overall Rating: 3 out of 5 stars (3 / 5)

Recommended: Yes (If security is your main concern)

==> If you want a crypto exchange platform that offers the best of all features, then you can have a look my #1 recommended alternative <===

What is Gemini.com?

Gemini is a digital asset exchange platform that was founded back in 2015. The Winklevoss twins are behind the existence of this platform. In case you are wondering what the name Gemini has to do with a crypto company, then it is simply the zodiac sign that depicts a pair of twins. I think of it as a clever name for the brilliant idea that the Winklevoss twins put together and presented to the customer base.

The twins were actually popular way before the creation of this company. The most outstanding thing in their pre-Gemini era is the 2004 lawsuit, in which they sued Mark Zuckerberg for the theft of their idea. Tyler and Cameron Winklevoss claimed that Mark Zuckerberg plagiarized their idea when he created Facebook. The lawsuit saw the twins walk away with $65 million in damages. They, however, did not get to receive credit for the existence of this widely-known and used social media platform.

The two went ahead to purchase $11 million worth of Bitcoin back in 2011. At this point, BTC was worth $ 120. Currently, this investment is worth more than $1 billion. Gemini, the company, is based in New York, from where it facilitates the running of the crypto exchange activities. It is well-known for having been the first digital exchange platform to get the license to handle Ether exchanges (back in 2016).

This platform is not as large (by trading volume) as the well-known exchanges such as Binance. Gemini ranks number 39 in the entire world, based on its 24-hour trading volumes. One of the popular things. However, about the platform is that it is one of the most secure ones that you will come across in the market. Its security features are quite impressive, to the extent that it is one of the few platforms that are used to make  CBOE Bitcoin futures settlements.

What are the outstanding features of the Gemini exchange platform?

Gemini has a very limited number of coins so far, as we shall see below, and this is probably one of the things that is bound to keep a significant number of customers away. That said, however, they are several features that you can enjoy when you use the Gemini exchange platform, including:

  1. A decent User Interface – using this exchange system is quite easy. Purchasing Bitcoin is simplified to a simple process that involves hitting the ‘ Buy Bitcoin’ button. The UI makes everything a breeze.
  2. The Mobile app– Gemini offers a desktop version of the exchange, but you can also access the app. The mobile app makes the buy/sell activities quite easy on the go.
  3. Easy cryptocurrency payments – with Flexa as Gemini’s payment processor, one can use the wallet to make quick payments to the sellers of specific products and services.

Which coins can you purchase on this platform?

Gemini has established its position in the market as an institutional-friendly crypto exchange. Initially, this exchange only supported BTC and ETH. It has, however, managed to bring in other coins, including LTC, ZEC, BCH, LINK, OMG, BAT, and DAI. The exchange keeps on adding new coins from time to time, so you can always confirm with them if they have your preferred coin.

What is the Gemini Wallet like?

Gemini offers a wallet to its customers so they can buy, sell, and send & receive cryptos at will. Depending on the ongoing transaction, your coins will be stored in the hot wallet or their cold storage wallet. Whichever option you go with, you can rest assured that your tokens are safe and secure. Some of the other features of this wallet are:

  • It’s insured by world-class underwriters.
  • All the capital in reserve is held by a New York Trust firm, which is also a licensed fiduciary.
  • There are extensive internal controls in the production as well as storage environments.

The users of the wallet have access to what Gemini refers to as ‘world-class customer service”. The support team usually works to ensure that all the customers’ issues are resolved within the shortest time possible, and are available on a 24/7 basis.

The fees charged on this platform

Gemini has an extensive schedule of fees that you should pay when using the products and services it is offering. The fees and limits are defined on the official website, under the following categories:

  • API fees
  • Mobile fees
  • Web fees
  • Activity Trader Fees
  • Custody Fees
  • Transfer fees
  • Market data fees
  • Connectivity fees.

The crypto deposits here are entirely free from Gemini’s side. You may, however, incur some fees and charges from your bank. If you are familiar with crypto transfers, then you know that you can expect to be charged some network fees for every transaction you make.

Is Gemini.com genuine or is it a Scam?

So far, there’s nothing about Gemini.com that points to it being a scam. I think it is a genuine platform that is out to help people go about the digital asset exchange processes with ease. The one thing that stands out so far is that it is a secure platform that clients can trust if they want to not only buy and sell cryptos but also to store them safely. Gemini.com, unfortunately, has very few tokens to offer, and this can be a major downside to those who are out to maximize the benefits of having variety.

The customer reviews on Trustpilot (opens in new window) are not very comprehensive, but they prove that Gemini exists. It unfortunately still has very poor ratings (2.4/5) stars, but one thing still comes up – Gemini.com is secure and trusted.

If you are, therefore, looking for an average platform that offers few coins and a secure wallet, then this is the platform to use. If you are looking for a crypto exchange platform that offers many more cryptos without compromising on security and the quality of services, then you can look at my number one recommended alternative below.

==> Not Happy With What Gemini.com has to offer? Here is an alternative that I think that you will find quite effective instead <==

Pros and cons

It might be wise to compare the positives against the negatives to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:

Pros

  • Secure
  • User-friendly platform
  • Low-fees

Cons

  • Limited banking methods
  • A limited number of coins for purchase/sale

Final words and verdict:

Verdict: Legit

Overall rating :  3 out of 5 stars (3 / 5)

Gemini.com is a legit platform that offers sufficient security to its customers as they exchange cryptos on the platform. It is a platform that I would be tempted to recommend, were it not for the fact that it has very few coins to offer, and that it is not popular for being very efficient. I think my number one recommended alternative to Gemini brings more to the table, as you can prove for yourself by reading my full review. 

My #1 Recommended Alternative to Gemini.com (Get your free Crypto ATM Card + $50 Worth of FREE cryptos)

That will be it for today’s review of what Gemini.com is. If you’ve used Gemini.com, then you can share your experience with it in the comments section. If you have any questions about this platform, you can also leave them in the comments section, and I’ll get back to you ASAP. All the best in your endeavors.

Your Friend,

Eric, investor, and team member on Gold Retired!

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What is Gemini.com | Is It The Best In The Crypto Industry?

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What is Gemini.com? Is it one that you can trust? How impressive is it on the overall? These are just but some of the elements of Gemini.com that we shall be addressing in today’s review. To get an even clearer understanding of the platform, here are the subtopics that we shall go through:What is Gemini.com?

  • What is Gemini.com?
  • What can you expect from the exchange platform?
  • The coins offered on Gemini.com?
  • The Gemini Wallet: What you should expect?
  • The fees charged on this platform
  • Is Gemini.com Legit or is it a Scam?
  • Pros and Cons

Name of the platform: Gemini.com

Official website URL: https://gemini.com/

Overall rating: 3 out of 5 stars (3 / 5)

Recommended: Yes ( If you only need a limited number of cryptos)

==>Here is a reliable platform that you can use to exchange even more cryptos ( There’s a free crypto ATM card and $50 worth of cryptos waiting for you. Read the full review on how you can get them)<==

What is Gemini.com?

Gemini.com exists as a cryptocurrency exchange and trading platform that saw the light of day back in 2015, as the brainchild of the famous Winklevoss twins. The name Gemini was picked from the Zodiac sign, Gemini, as you might have already guessed. The name has since then become a trademark and has helped the twins push their agenda in the world of cryptos.

The Winklevoss’s twins’ popularity actually came before they created and launched Gemini. Back in 2004, they were involved in a  legal battle with Mark Zuckerberg. The twins claimed that Mark stole the Facebook idea. The twins managed to get a $65 million settlement in damages.

Apart from this legal battle, then twins are also well-known for their 2011 Bitcoin purchase that left many amazed. The two managed to make a purchase of $11 million worth of BTC a time when one coin went for $120 only. To date, their tokens are worth $1 Billion+.

This platform is based in New York. Here, its staff members oversee its main operations and see to it that the customers are well-attended to. It is perhaps safe to say that Gemini.com is not as large as platforms like Binance and Coinbase, based on the 24-hour trading volumes, but it is popular for security. Gemini.com strives to maintain its edge in the market by guaranteeing safety so that the clients can have the peace of mind as they go about their daily activities. Some of the security measures that have been put in place include a comprehensive KYC process that is meant to encourage compliance. The other one is the presentation of insured wallets to the customers.

What can you expect from the exchange platform?

Gemini.com has an exchange platform that unfortunately has very few tokens for now. If you are looking for a platform that will give you a wide variety of coins then Gemini is not your go-to option. If you want the few tokens, however, you can look forward to the following features on the exchange platform:

  • An easy-to-use UI– Gemini has created an exchange platform that is very easy to use. You can begin buying or selling cryptos simply by the touch of a button
  • The Gemini Mobile app– Just like most major crypto exchanges, Gemini.com does offer a mobile app, alongside the web-based platform. The app is meant to make things easy for those who are interested in buying or selling cryptos on the go.
  •  Easy crypto payment – Gemini.com recently partnered with Flexa, a payment processor, in a bid to deliver the capability to pay for products and services using cryptos to its customers.

The coins offered on Gemini.com?

With Gemini.com, you can only purchase a very limited number of tokens, which some is something that some customers would be okay with. For the longer period of its existence so far, this platform only supported BTC and ETC. With time, however, this exchange has introduced a couple of extra popular cryptos, including:

  •          LTC
  •           ZEC
  •           BCH
  •           LINK
  •          OMG
  •          BAT
  •           DAI

You can check their official website from time to time to see if the coins you are looking for have been added to their offerings.

The Gemini Wallet: What you should expect

The Gemini wallet makes it possible for customers to purchase, sell, send, and receive cryptos. Your coins can be stored in cold storage or hot wallet, depending on the nature of the transaction at hand. Either way, here are some of the features of the Gemini Wallets that you can benefit from directly:

  •           They are insured by internationally recognized underwriters.
  •           The capital in reserve is usually held by a New York Trust that doubles as a licensed fiduciary.
  •          Gemini has very extensive controls both in the production and storage environments.

With your Gemini wallet, you are usually promised world-class customer service, for all the problems that you experience as you do various transactions. The Gemini.com support staff are available on a 24/7 basis, to see to it that you receive help as soon as you need it.

The fees charged on this platform

Gemini has very defined fees structures for the services and products that it offers to its customers. They are all comprehensively explained on this platform’s official website, and they fall under the categories listed below:

  •           API fees
  •           Transfer fees
  •          Mobile fees
  •           Web fees
  •           Activity trader fees
  •           Market data fees
  •           Connectivity fees

The crypto deposits are however free from Gemini’s end. You may however be charged varying fees, by your bank. The crypto transfers will also cost you some network fees for every transaction that you make.

Is Gemini.com Legit or is it a Scam?

In my own opinion, I think Gemini.com is a genuine platform. It is one that is delivering valuable products and services in the crypto space, which is something that is actually helping with the mass adoption of cryptos on a global scale. The only drawback is that this platform only offers a limited number of crypto assets, and this may not auger well with a number of investors. Those who only want a secure platform to access a few coins can, however, rely on Gemini.com, since it is quite secure. There are hardly any concrete and comprehensive customer reviews about this platform, though it has a (2.4/5) star rating on Trustpilot. There’s not much to pick about the nature of customer service from these reviews, though it is apparent that Gemini.com is well-known for being a secure crypto exchange.

If you want to access a wider variety of cryptos on a secure and efficient platform, then you can try out my number on the recommended alternative to Gemini.com.

==> #1 Recommended Alternative to Gemini.com<==

Pros and cons

Pros

  •           It is secure
  •           It is a user-friendly platform
  •          You can expect lower fees on the overall

Cons

  •           Very limited banking methods
  •           There are a limited number of coins available for purchase or sale.

Final words and verdict

Verdict: Legit

Overall rating: 3 out of 5 stars (3 / 5)

Gemini.com is a secure platform that offers a limited number of cryptos that you can purchase or sell at will. Its fees are generally lower than most competitors in the crypto industry, which is a good thing for customers who want to exchange the few cryptos it offers quite often. I, however, believe that a crypto exchange should not be limiting. You should have the liberty to choose from as many coins as possible since this comes with numerous benefits, moreso if you are trying to make an income as you purchase and sell cryptos. To that regard, you can have a look at what my number one recommended crypto exchange platform has to offer. Hopefully, it will satisfy your crypto exchange needs.

A full review of my Number One Recommended Alternative to Gemini

Thank you for sticking through to the end of my review about what Gemini.com is about. I hope you gained enough knowledge about it to make a decision about whether you will be relying on it or not.  All the best!

Eric,

Blogger,  Bitcoin Investor, and team member on Start Make Stop Waste!

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What is Bitpay.com | Is It A Genuine One Or Is It A Scam?

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What is Bitpay.com? Is there a better alternative in the market? In today’s review, I will be helping you unravel what Bitpay has to offer, in a bid to see whether it is one to bank on or one to simply stay away from. Below are some of the major highlights that will guide our discussion throughout the review:What is Bitpay.com? 

  • What is BitPay.com?
  • Getting Started with BitPay
  • What the CoPay wallet offers
  • The BitPay Wallet- Does it have anything unique to it?
  • What is offered by the BitPay Visa Card?
  • The Fees on BitPay
  • Is BitPay Legit or is it A Scam?
  • Pros and Cons 

Name of the platform: Bitpay.com

 Official Website URL: https://bitpay.com/

 Overall Rating: 3.5 out of 5 stars (3.5 / 5)

 Recommended: Not recommended

P.S.

==> Get your free Crypto ATM Card (+ $50 worth of Cryptos). Sign up today and start reaping the benefits of a customer-centric crypto wallet<==

What is Bitpay.com? 

BitPay.com is a  crypto payment platform that’s all the Light of Day back in 2011. It is the brainchild of Tony Gallippi.  Bitpay is based in Atlanta Georgia but has managed to spread its roots to the rest of the world gradually. With this platform vendors and merchants have easy access through a mobile checkout process through which their clients can pay for the products and services that they purchase.  as a  Merchant or vendor who wants to accept crypto payments,  this could be a suitable payment processor for you.

About three years after being launched, BitPay had gained popularity to the extent that it was handling more than 1 million US Dollars on a daily basis.  Some reports actually indicate that this platform is the largest crypto payment processor which deals with Bitcoin.  This company has taken steps towards building meaningful partnerships to increase its client base.  Some of the companies it has partnered with include:  WordPress PayPal Microsoft, and NewEgg. 

Getting Started with BitPay

Accessing this platform is quite easy and convenient.  its owners have made it in such a way that all you have to do is to create an account log in and then you can begin accessing the features offered.  As a merchant or vendor, you will find this particularly useful when you need to accept bitcoin payments conveniently.

Upon creating your business account, Bitpay will Grant you the ability to even accept the bank deposits that customers make in your local currency.  All you need to do is to fill out the registration form in the rain official website by submitting both your personal and business details.  Upon doing this the account will proceed to the verification stage after which you can own the Bitpay Visa Card along with a wallet.  The card will be very beneficial to you at the time you need to make payments or accept money from your clients. 

What the CoPay wallet offers

Bitpay has a free wallet known as CoPay,  which anyone who wants to use bitcoin and bitcoin cash can rely on.  The wallet is used to store digital currency in a safe and secure manner. This wallet happens to be open source as well as hierarchical deterministic (HD).  HD wallets are well-known for topnotch security,  in the way they generate keys that are essentially hard to guess.  This makes it harder for even the very complicated hacking systems to get their way to CoPay’s users’  money. 

This wallet is multi-signature and can be accessed across various devices by multiple users.  as a business owner, you can access your wallet on Android Linux Windows iOS and Mac OS.  unfortunately is a standalone app,  that barely processes any of BitPay’s unique functionalities. 

The BitPay Wallet- Does it have anything unique to it?

BitPay launched this wallet in 2016. It actually rests on top of the already popular CoPay wallet without taking after its functionalities.  If you have used CoPay,  then you will have an easy time navigating through the BitPay wallet.  BitPay Wallet, however,  comes up as the better option of the two in that it allows for integration with the BitPay payment platform as a whole.

The BitPay Wallet enables you to convert currencies or to pay for products and services using Bitcoin.  Some of the features that are absent in the CoPay wallet are present here,  thus it has better functionality.  you can for instance buy Bitcoin via Gildera,  thus eliminating the need to store your Bitcoin in any other exchange wallet. With your BitPay Wallet,  it is easy for you to manage the funds in your  BitPay Visa Card.  it is possible to load your visa card directly from the wallet’s menu. The good thing is that if you are using bitcoin then you will not get charged for such a transaction.

What is offered by the BitPay Visa Card? 

BitPay Visa was released in 2016, just like BitPay Wallet. At the time it was being released,  it had the backing of the well-known company known as  Wave Crest.  Unfortunately due to conflict with Visa, Wave Crest had to pave way for Metropolitan Commercial Bank. 

The BitPay Visa Card,  one can complete transactions at a POS register,  make Bitcoin withdrawals from ATMs and receive corresponding cash equivalents.  remember you have to use the BitPay wallet to load your BitPay Visa card before you can go out there to execute any form of transaction.

The Fees on BitPay

BitPay’s Objective is to lower the transaction fees to a level that outdoes the competition.  Fortunately enough,  the transactions are based on cryptocurrencies that it is possible to have low fees without the company running into losses.  only the high-risk businesses are charged a fee of 1% to facilitate transactions.  when you pay this fee you can expect to receive the following services: 

  •  Support through email
  •  Billing features
  •  Basic e-commerce tools
  •  Access for multiple users

 There are usually no charges for terminating your account. 

If  you decide to use the BitPay Visa Card,  you will incur the following charges:

  •  withdrawing at ATMs-  $2
  • ACH debits – $5 per transaction

Is BitPay Legit or is it A Scam?

So far,  I do not think that BitPay is a scam.  It has been around since 2011 and has been serving quite a large number of people. The platform boasts of low-fee and fast transactions,  which is good news to merchants and vendors.  Most people who are tired of getting charged very high transaction fees have actually taken a step to create BitPay.com accounts. 

 I took a look at the nature of the service offered by the support staff, however,  and you noticed that there are quite a number of unresolved issues.  Just by looking at the complaints lodged by customers on Trustpilot,  you can tell that customer service is really wanting.  at times it does not matter if the service listings are impressive-  customer service is everything.  I will therefore not highly recommend this platform,  so you can go ahead and give it a try and see if it actually works for you.  Make sure that you read all the terms and conditions,  just to be on the safe side.

P.S.

==> See my #1 Recommended Alternative to BitPay instead on this page <==

Pros and Cons 

It might be wise to compare the positives against the negatives to get a better overall view of something, right? As always in our reviews we highlight some clear points on both sides of the spectrum:

Pros

  • Offers low fees for transactions 
  • Has the BitPay Wallet and CoPay Wallet. 
  • It is a great option for merchants and vendors
  • It is safe and secure

Cons

  • Poor customer service

Final words and verdict:

Verdict: Legit

Overall rating :  3.5 out of 5 stars (3.5 / 5)

BitPay’s services in the crypto industry are definitely needed. There needs to be a platform such as BitPay that is helping merchants and vendors get paid with BTC easily. As much as BitPay processed payments in excess of $2.8 Billion, there seems to be some outstanding issue with the customer service staff not attending to clients’ problems. If you trust that your concerns may get attended to, then you can give it a try. If you don’t want to risk running into problems and getting no help, then you can use my recommended alternative:

 

My #1 Recommended Alternative to BitPay (Get your free Crypto ATM Card + $50 Worth of FREE cryptos)

That’s pretty much all you need to know about BitPay. Have you used this platform in the past and would like to share your thoughts? Feel free to do so in the comments section. Meanwhile, you can also have a look at my number one recommended alternative to BitPay just to see if it is one that you can rely on in the future.

Your Friend,

Eric, investor, and team member on Gold Retired!

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What is Robinhood.com | Is It Legit Or Is It Just A Scam?

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What is Robinhood.com? How does it compare to its competitors in the market? What are the outstanding features of this platform? These are the main questions that we shall be answering in today’s review. The following subtopics will form the fodder for our discussion are:What is Robinhood.com?

  • What is Robinhood.com?
  • The Features of Robinhood.com
  • How does Robinhood Work?
  • What is Robinhood Gold?
  • The Fees charged on this platform
  • Is Robinhood.com a Scam?
  • Pros and Cons

Name of the platform: Robinhood

Official Website URL: https://robinhood.com/us/en/

Overall Rating: 2.9 out of 5 stars (2.9 / 5)

Recommended: Not recommended

P.S.

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What is Robinhood.com?

Robinhood.com exists as a free-trading app that allows investors to earn an income as they trade in stocks, options, cryptos, and other assets, without incurring any fees. Robinhood has for a long time been the only free brokerage platform but has been getting competition from other upcoming platforms, and other big names doing away with the trading commissions and fees towards the end of 2019.

That said this platform still remains the top preference for most investors who are out to create a diversified portfolio of assets. The fact that it offers the chance for people to trade in cryptos is perhaps is one of the main reasons why it is more relevant in the present-day world. Robinhood.com presents both a website platform and a mobile platform just to ensure that you have the flexibility to make your money while settled and while on the go.

Robinhood also offers cash management with which you can earn interest on the cash you have held in your account, as well as pay bills using its unique Mastercard debit card. There are more than 75000 ATMs available to Robinhood’s customers, for them to withdraw cash at absolutely no fee.

The Features of Robinhood.com

Some of the main features offered by Robinhood include:

  • Scheduled deposits- Robinhood lets you schedule automatic transfers on a periodic basis, depending on your moneymaking objectives. You can set the transfers to happen on a weekly, biweekly, monthly, and quarterly basis.
  • Advanced order support – This platform offers several advanced order types including market orders, limit orders, as well as stop orders.
  • Robinhood Instant – This feature gives you access to deposits (less than $1000), as well as immediate access to your money right upon selling your stocks. Most other platforms will have you wait for up to 3 business days.
  • Day-trade tracking- You can track up to 3-day trades using this platform.
  • Robinhood Gold- with this feature you can access after-hours trading, and large amounts of the instant deposits.
  • Cryptocurrency trading- you can use this platform to invest in BTC, ETH, BCH, LTC, ETC, and to track many other currencies.

Robinhood has its fee-free stock trades that are aimed at enabling millennial investors to use their smartphones to earn an income. They can do this using their Android and iPhone Robinhood apps.

How does Robinhood Work?

There are many facets of this platform, but for this review, we shall be looking at how the Cryptos section works. Robinhood’s crypto trading service allows traders to buy and sell the following major cryptos: BTC, BCH, ETH, ETC, LTC, and DOGE.

Customers’ access to Robinhood Crypto is being granted on a gradual basis in the USA states, with more than 50% of the USA population being in a position to access the cryptos menu. For those who cannot purchase and sell cryptos yet, Robinhood has made it possible for them to view the prices and related data for 16 very popular cryptos.

You can trade in cryptos on this platform at no fee, which is actually something that most other platforms of this kind do not offer. Even the very popular digital wallets like Coinbase will charge you fees for the trades that you execute.

What is Robinhood Gold?

Robinhood gold presents investors with an opportunity to do margin trading. This is an opt-in service for which you have to bear a flat fee of $5 per month.

Expert traders can take advantage of this service to increase the chances of earning more money as they trade, since they have a better understanding of how the market works. For the new investors, however, margin trading can be quite risky and can lead to huge losses if things do not go according to plan.

The Fees charged on this platform

All the stocks, options and ETFs on Robinhood do not have any commissions or fees. There are, however, some other fees that you should be well-aware of, such as the fees you opt-in to the Robinhood Gold Service. You should also be ready to pay an interest of 5% for any margin that is higher than $1000.

Robinhood also charges a fee of $22.10 for every $1000,000 of principle on the sells. This is usually rounded to the nearest penny. These fees are usually charged to cater to the costs incurred by various regulators, including SEC. Moreover, this platform usually transfers a trading activity fee that amounts to $0.000119 per share for the equity sells, and $0.002 per share for the option sells. This fee never goes above $5.95 and is usually rounded off to the nearest penny.

Is Robinhood.com a Scam?

No. This platform is genuine, and one that many people have been relying on to trade for a long time. It has for a long time been used to trade non-crypto assets at no fee. The inclusion of cryptos has only helped sweeten the deal for those who would like to have a diversified portfolio. The fact that it does not charge any fees on the crypto trades makes it an alternative for other digital wallets in the market. Unfortunately, when I looked at the customer reviews, there are a number of complaints about the quality of the services offered. With a rating of (2/5) stars on Trustpilot, one can have a hard time trusting Robinhood.com to deliver the high-quality services that they promise.

The platform has helped other people achieve their money-making objectives, but it still has some significant complaints, such as the customer service staff not responding to the emails sent by customers. Such issues are often overlooked, but can end up costing those who overlook them dearly.

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Pros and cons

Pros

  • Free trades
  • Offers/ supports crypto trades
  • No minimum deposits
  • No minimum balance required

Cons

  • The platform’s trading functionality is limited.
  • Does not support mutual funds and bonds.

Final words and verdict:

Verdict: Legit

Overall rating :  2.9 out of 5 stars (2.9 / 5)

Robinhood.com is a genuine platform that is mainly out to make investing easy for everyone by ensuring that they incur zero costs. The platform has due to this managed to attract a large number of users. There are, however, some outstanding customer complaints that paint the picture that Robinhood.com’s customer service is not quite impressive. I, therefore, wouldn’t recommend this platform as much, but if you believe it has what you are looking for you can give it a try.

That said, you can begin investing using a new approach- Getting the right information and tips to enable you to trade in cryptos with better precision

 

Have a look at The Crypto Vigilante Today ( Tips From a Bonafide Investor who has a broader outlook on the crypto industry)

You’ve made it to the end of my review about what Robinhood.com is. My hope is that you picked enough facts to help you decide whether you will be using Robinhood.com or not. You can also have a look at what The Crypto Vigilante is, just to know how to make your next huge move in as far as investing in cryptos is concerned.

Your Friend,

Eric, investor, and team member on Gold Retired!

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