Since people keep asking here which exchange to use to trade crypto, and the usual suspects keep getting mentioned, I thought I'd introduce Robinhood Crypto, since I think RH Crypto is the best crypto exchange for most beginner/normal crypto buyers.
Robinhood Crypto belongs to the US company Robinhood and only offers cryptocurrency trading here in Europe. In addition to the large coins, there are also many smaller coins, which means that the selection should easily be sufficient for the "normal user". RH Crypto is particularly interesting for me because of the low fees and the attractive promotions, which means you can also get a lot of free coins. In the middle of the year, for example, there was a bonus of 10% of the net purchase amount for new customers within the first 30 days, which enabled me to make €500. This promotion is over, but there are always new ones.
Deposit and withdrawal
- Possible in both crypto and fiat
- Fiat via Sepa (instant) free of charge
- When withdrawing crypto, the fee roughly corresponds to the network fees
fees
- 0% and no spread premium
- However, this is a current promotion for all coins until 30.12. From experience, the fee outside of the promotion was always 0% for BTC and around 0.3% for other coins
Service
- Unfortunately only possible via the app, no web version
Registration
- Registration is relatively simple and quick via the app. KYC is done via a picture of the ID + selfie
Special offers
As already mentioned, there are always attractive promotions. These are the current ones:
- 3% match on crypto deposits (except USDC)
- the portfolio value must remain above the deposit amount for 180 days, otherwise the bonus will be (partially) reversed
- 100% match for $SOL (+3.25%) and $ETH (+1.57%) staking
- 10% interest on $AVAX (+1.4%)
Learn & Earn with a total value of approx. 15€
Here you can find the current promotions: https://robinhood.com/eu/en/about/crypto/
tl;dr
Positive
- Low fees
- Deposit and withdrawal of crypto possible
- Attractive promotions
- Fast customer service via live chat
Negative
- Only accessible via app
- Bonuses from certain promotions must be held on the platform for 180 days (but can be sold and held as fiat)
My own opinion:
For me, RH Crypto is currently the best crypto exchange for the average user who wants to buy a bit of crypto from time to time, as the fees are very low. Since you can now also withdraw coins to your own wallets, I can now recommend the exchange without hesitation as long as you move the coins from the exchange to a cold wallet from time to time.
If you want to registeryou will receive 10€ BTC as a bonus after depositing 10€. Alternatively, you can also be referred and receive €25 BTC after depositing €25 (link in bio :) ). For both promotions, however, the bonus must be held for 180 days. However, you can withdraw your deposit directly using Sepa Instant.