Here\u2019s the screenshot of the ETH price on both platforms, which I took at the same time.<\/p>\n\n\n\n So it cost you $1735.63 to buy an ETH on Pionex, but it\u2019s $1742.38 on Robinhood. And the worst part of Robinhood is that when you are trying to sell your ETH, see the price in the above image? You\u2019re only able to sell at $1730.04.<\/p>\n\n\n\n So the price difference between buy and sell is called spread. That\u2019s how Robinhood ripped you with their so-called 0 fee marketing.<\/p>\n\n\n\n Let\u2019s do some math one how much Robinhood charges you for every $1,000 you trade on their platform.<\/p>\n\n\n\n Let\u2019s say you want to buy $1,000 worth of ETH on Robinhood. And you\u2019ll receive 0.5739 ETH with those $1,000. Right after that, if you want to sell those ETH. You\u2019ll receive $992.87 back (0.5739 * $1,730.04). With this back and forth, your $1,000 is now $992.87.<\/p>\n\n\n\n What if we do it at Pionex? You\u2019ll receive 0.5761 ETH with $1,000 investment. Because Pionex charges 0.1% trading fees, it costs you $1 to buy $1,000 worth of ETH and another $1 when you sell your ETH. That\u2019s $2 in total.<\/p>\n\n\n\n Not to mention it\u2019s just a mere $1,000. I know a lot of people trade tens of thousands of volumes every month. They\u2019re going to be ripped by the spread for $713 for every $100,000!<\/p>\n\n\n\n So, choose wisely. <\/p>\n\n\n\n Stay away from Robinhood because of the hidden cost that they never told you.<\/p>\n\n\n\n Download the Pionex.US app to trade on the go: iOS<\/a> | Android<\/a><\/strong><\/p>\n\n\n\n Follow us to stay up to date with Pionex.US<\/a> news and announcements:<\/p>\n\n\n\n Most of you should be familiar with Robinhood, the most popular zero-fee stock brokerage in the US. And they allowed their users to buy crypto as well, without paying any trading fees. Free of charge. Sounds sexy, doesn\u2019t it? Well, you\u2019re falling right into the trap when they talk about trading fees. There\u2019s no such … You\u2019re losing $7.13 on Robinhood for every $1,000 crypto you trade.<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":14703,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[883],"tags":[],"_links":{"self":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts\/14702"}],"collection":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/comments?post=14702"}],"version-history":[{"count":3,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts\/14702\/revisions"}],"predecessor-version":[{"id":15438,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/posts\/14702\/revisions\/15438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/media\/14703"}],"wp:attachment":[{"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/media?parent=14702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/categories?post=14702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pionex.us\/blog\/wp-json\/wp\/v2\/tags?post=14702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"\/](\"https:\/\/lh3.googleusercontent.com\/BqGLPG02Gn-YwkWFLDSuj-EmmYGimXF0DppBHuwinEzmdqq9PXBz4RuKDXjyyslQMZUJyOE3T0ceKolc38_XbdxzeE4oRgfKZhUmUIAGp25_BAwLvH0xPd7p2KOS8ODRuwDWIEr54_rulNtu1NnrCIY\")
Losing $7.13 for every $1,000 on Robinhood<\/h2>\n\n\n\n
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Pionex.US on Telegram<\/a><\/p>\n\n\n\n Pionex.US on YouTube<\/a><\/p>\n\n\n\n
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Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously, <\/em>Pionex.US<\/a><\/em> could not assure any profit. <\/em>Risk Disclaimer<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"