There exist several options for investment today. One can invest and grow their money depending on their plans and then choose the options where they want to invest. These several options include Direct equity, Equity mutual funds, Public provident funds, Debt mutual funds, Gold, Real estate, Cryptocurrency etc. Cryptocurrency is a new and evolving option of investment, and many people find it beneficial to invest in cryptocurrency. Several companies help people trade in cryptocurrency. Two of such companies are 1. Crypto.com and 2. Robinhood Crypto.
Crypto.com vs Robinhood Crypto
The main difference between Crypto.com and Robinhood Crypto is the location of their respective headquarters and their founders. Crypto.com was founded by Kris Marszalek, and its headquarters is located in Hong Kong. On the other hand, Robinhood Crypto was founded by Vladimir Tenev and Baiji Bhatt and its headquarters is located in California, USA.
Crypto.com is a platform for cryptocurrency trading. It was founded by Kris Marszalek in the year 2016. The headquarters of crypto.com is located in Hong Kong. Crypto.com has over 60 cryptocurrencies and is an evolving platform. It has several pros and some cons. It is one of the most affordable cryptocurrency platforms. It is easy to covert one’s money on this platform.
The Robinhood Crypto is a cryptocurrency platform. It was founded by Vladimir Tenev and Baiji Bhatt on 18 April 2013. Its headquarters is located in California, USA. It has several subsidiaries like Robinhood Financial, LLC, Robinhood Crypto LLC, Robinhood Securities LLC etc. It is an electronic trading platform.
Comparison Table Between Crypto.com and Robinhood Crypto
| Parameters of Comparison | Crypto.com | Robinhood Crypto |
| Founders | Kris Marszalek | Vladimir Tenev and Baiji Bhatt |
| Founded in/on | 2016 | 18 April 2013 |
| Headquarters | Hong Kong | California, USA |
| Advantages | 1. The fees are low. 2. Money is easy to convert. 3. Cashback and other rewards are available. 4. The Desired cryptocurrency can be selected. 5. More secure. | 1. No charges are levied on stocks. 2. Account for cash management is available. 3. Easy navigation. 4. Fractional shares and margin investing are available. |
| Disadvantages | 1. Navigation is difficult,. 2. Some coins are not universally available. 3.Poor customer service. 4. Less educational resources. | 1. Less trading tools are available. 2. Less investing research. 3. Customer service is limited. 4. It does not allow automatic transfer. 5. It does not allow users to name beneficiaries. 6. Retirement accounts are not available. 7.Education savings accounts are not available. 8. Joint accounts are not available. |
What is Crypto.com?
Crypto.com is a platform for cryptocurrency trading. It was founded by Kris Marszalek in the year 2016. The headquarters of crypto.com is located in Hong Kong. Crypto.com has over 60 cryptocurrencies and is an evolving platform. It has several pros and some cons. It is one of the most affordable cryptocurrency platforms.
One can save, trade, store and spend their cryptocurrencies on crypto.com. There are some good ranges of cryptocurrencies on crypto.com that let you buy them at affordable rates. The Crypto.com have their CRO coin and had several benefits too. The more an individual stakes the CRO coin, the more the individual gets profits.
Crypto.com is also considered a crypto bank as an individual can swap their cryptocurrencies with other users through a feature called Defi Wallet. Other than that, one can spend their cryptocurrency on a prepaid visa card as well. In some countries, crypto.com also offers the crypto loan.
There are several benefits of crypto.com that include the fees are low, money is easy to convert, cashback and other rewards are available, the desired cryptocurrency can be selected, more security etc. However, some disadvantages include navigation is difficult, some coins are not universally available, poor customer service, less educational resources etc.
What is Robinhood Crypto?
The Robinhood Crypto is a cryptocurrency platform. It was founded by Vladimir Tenev and Baiji Bhatt on 18 April 2013. Its headquarters is located in California, USA. It has several subsidiaries like Robinhood Financial, LLC, Robinhood Crypto LLC, Robinhood Securities LLC etc. It is an electronic trading platform.
There are several perks of using Robinhood Crypto that include no charges are levied on stocks, account for cash management are available, easy navigation, fractional shares and margin investing is available etc. It is an emerging platform for cryptocurrency, and many people find it useful.
However, the cons of using Robinhood Crypto are less trading tools are available, less investing research, customer service is limited, it does not allow the automatic transfer, it does not allow users to name beneficiaries, retirement accounts are not available, education savings accounts are not available, joint accounts are not available etc. The advantages of Robinhood Crypto outweigh the disadvantages and are much helpful.
People often find platforms like Robinhood Crypto useful for investing in cryptocurrency. Many useful features and plans have been introduced to Robinhood Crypto ever since its establishment, and these features have been proving to be helpful to a lot of investors. Many more features are expected to be introduced to this platform in the upcoming years, and rapid growth is also expected to be seen.
Main Differences Between Crypto.com and Robinhood Crypto
- Crypto.com was founded in the year 2016. On the other hand, Robinhood Crypto was founded on 18 April 2013.
- The founder of Crypto.com is Kris Marszalek. On the other hand, the founders of Robinhood Crypto are Vladimir Tenev and Baiji Bhatt.
- The headquarters of Crypto.com is located in Hong Kong. On the other hand, the headquarters of Robinhood Crypto is located in California, USA.
- The Robinhood crypto is easy to navigate. On the other hand, Crypto.com is difficult to navigate.
- The disadvantages of Crypto.com include navigation is difficult, some coins are not universally available, poor customer service, less educational resources etc., on the other hand, the cons of Robinhood Crypto include fewer trading tools are available, less investing research, customer service is limited, it does not allow the automatic transfer, it does not allow users to name beneficiaries, retirement accounts are not available, education savings accounts are not available, joint accounts are not available etc.
Conclusion
Both platforms have been proven to be helpful and useful to a lot of people, and many advanced features have been introduced to both platforms ever since their establishment. They do have some disadvantages, but the advantages outweigh them and are much more convenient.
However, one must always be careful before investing large amounts of money in cryptocurrency because it is a highly volatile investment option. One must acquire enough information and must know about the processes and methods and then invest their money.
References
- https://digitalcommons.usu.edu/gradreports/1534/
- https://go.gale.com/ps/i.do?id=GALE%7CA20036643&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=00010782&p=AONE&sw=w