Get Into Cryptocurrency Trading Today

If prices are dropping for some cryptocurrencies, things aren’t totally dark, as some exchanges still put their trust on these virtual assets. In the actual conditions, the Robinhood Company took the decision to allow their users to trade a few types of cryptocurrencies on their platform, when it wasn’t possible to do so in the past.

Cryptocurrencies crisis perceived to be temporary?

Actually, most of cryptocurrencies values are following a massive downtrend since a few weeks, but some experts don’t consider that as the end of this type of currency. Indeed, not every cryptocurrency is doing badly, and we can mention other virtual assets like the XRP, which is doing fine. The actual demise of Bitcoin and similar assets are mainly due to speculative buying, and too many bought it in order to sell it right away and make an instant profit. On the short term, it might be interesting, but things are different when the time goes by, and you can’t put your trust too long on a currency whose price hasn’t been stable for months.

The Robinhood Company is among those who believe that cryptocurrencies has a future, and that they’re to be expected in every regular financial wallet in the next years. Cryptocurrencies has various qualities that makes them a good bet on the long run, although it depends on which currency you decide to put your money in. For starters, Robinhood allows their users to trade a few cryptocurrencies such as Litecoin, XRP, Ethereum Classic and others, and they can do that for free.

You can trade cryptocurrencies for free on Robinhood

In order to attract new members, the startup decided to propose their cryptocurrency service without imposing any fees. You can thus buy and sell Litecoin, XRP and a few others on the Robinhood network and not pay anything for such transaction. Anyway, the company makes money from that new service, and for example, they could raise $176 million during a venture capital. Likewise, apart from the free service, a premium version is proposed to the users, in which they have more interesting margins, and other benefits.

The final goal of the company with the inclusion of cryptocurrencies as one of their products in to allow a more diverse financial wallet to people. Some existing virtual currencies have a big potential, and within the next decades or even years, they might play a major role in our daily lives. Also, now might be the right time to invest in what appears to be a highly viable asset in the future.

Buy & Sell Cryptocurrency Instantly