Sunday, 7 February 2021

DO NOT BUY BTC ON RH

So I made the newbie mistake of buying BTC in Robinhood. I am currently in the painful (and risky) process of selling my BTC on RH (limit sell) and immediately transferring the cash to Coinbase Pro and market buying back again. As you can Imagine, I have lost some sats... so far I have managed to lose 1,193,000 sats = 0.0193 BTC that are gone forever. But, to me at least it's been very worth the risk. Do not be like me, don't buy BTC on Robinhood.

I still have some BTC left to transfer so I expect to lose a few more sats, but I am very happy with the fact that most of my BTC are out of Robinhood and can do stuff with them now! Like transferring them whatever the f**# I want! (this is very powerful).

submitted by /u/jeurymejia
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