- 8,169
- 5,366
- Joined
- Dec 3, 2007
With Robinhood you can’t even withdraw your coins if I’m correct so if they get hacked in theory you lose your coins forever. If you’re holding less than $300 of crypto I think a wallet is honestly pointless since why spend as much or more on a wallet than you’re risking. But if you have holdings 500 and up a wallet is a must.
What's your definition of withdraw? I may not be able to take my coins with me in a wallet (I assume this is what you mean by withdraw?), but what's the point in that if the goal is to sell at a profit? For everyone, the goal IS eventually to take profits, when available, right? If this is the goal, I don't see why a wallet is necessary. When the coins are sold on Robinhood, the proceeds can then be transferred to my checking account in a matter of days. No?
...