Do you like cookies?We use cookies to ensure you get the best experience on our websiteLearn more

Robinhood vs Revolut: The Pros, Cons and How they Compare | Bitcompare

Robinhood and Revolut are leading brokers that compete to give you the experiences and rates. We break them down to see which is better for you.


  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
  • 5
  • 4
  • 4
  • 4
  • 5
  • 4
  • 4.33
Go to site
  • 3
  • 5
  • 4
  • 3
  • 5
  • 4
  • 4
Go to site

Pros and cons of Revolut

Pros

  • Best-in-class product that is easy to use and has every feature you could want
  • Easy to invest in stocks and crypto all from within the banking app
  • Fast international payments with a variety of currencies
  • Incredibly fast moving with constant updates
  • Beautiful cards with very fast international deliveries

Cons

  • You can invest in cryptocurrencies but you don’t really own them. You can’t store of transfer your cryptocurrencies, you only invest in their price.
  • Can be expensive if you want all the best features
  • No ability to earn interest on your cryptocurrencies

Pros & Cons of Robinhood

Pros

  • No fees or commissions on trading activities on Robinhood.
  • Robinhood offers an easy-to-use trading app, both for Android & Apple users.
  • Your investments are secure for up to $500K by Securities Investor Protection Corporation, in case Robinhood fails.
  • Both traditional investment & emerging investment like cryptocurrencies options are available on Robinhood.
  • Supports weekly, bi-weekly, monthly, and quarterly automatic transfers.

Cons

  • No crypto deposits & withdrawal options are available on Robinhood.
  • Robinhood does not support retirement accounts & mutual funds, or bonds.
  • Quite limited in terms of research capabilities.
  • Extremely limited customer support. No phone or live chat service is available for brokerage account holders.
  • Compared to some of the leading crypto exchanges, Robinhood offers fewer cryptocurrencies for trading.
  • Robinhood app is highly prone to failure. It had failed three times in March 2020 alone. It can be a pressing issue for advanced & professional traders.
  • There are geographical restrictions for using Robinhood as only US-baser users are allowed to use Robinhood.
  • Robinhood can place restrictions on your account in some circumstances like being flagged for pattern day trading, which in turn, will prevent you from trading on Robinhood.
Promoted

Risk-free and high-yield tool to store your coins

  • Earn up to 12% APR on EURS, USDT, ETH, XRP, and 20+ more coins
  • Weekly compound interest payouts
  • Universal conversion between all crypto, fiat, and stablecoins

Frequently asked questions about Revolut

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Can I buy Bitcoin and other cryptocurrencies with Revolut?

You can buy into the price of Bitcoin and other cryptocurrencies, however, you can’t buy and own Bitcoin and other cryptocurrencies.

This means you can’t store and transfer the asset. This is a serious problem if purchasing Bitcoin and other cryptocurrencies is a priority for a variety of reasons.

  1. If Revolut goes out of business, you can’t move those assets from Revolut to another wallet or platform
  2. Should you want to transfer your crypto assets, you’ll first have to sell them on Revolut and then purchase them elsewhere. This will create a taxable event.
Is Revolut available in the US?

As of the 24th March 2020, Revolut is available in the US

Is Revolut FCA or FDIC insured?

Yes, Revolut is insured in the UK and US.

Frequently Asked Questions About Robinhood

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Is Investing With Robinhood Safe?

Being a member of the Financial Industry Regulatory Authority and an SEC-registered broker-dealer, they are legally bound to take every step possible to safeguard the investments made by their users. The user funds are insured by the Securities Investor Protection Corporation, popularly known as SIPC. Hence, if Robinhood fails, you can rest assured that your stocks and options investments through Robinhood are insured for a sum of $500,000. It also includes a $250,000 cover for cash.

What Cryptocurrencies Does Robinhood Support?

When it comes to trading cryptocurrencies on Robinhood, it supports Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. They also offer real-time pricing data for Bitcoin Gold, Dash, Lisk, Monero, NEO, OmiseGO, Qtum, Ripple, Stellar & Zcash.

Is Robinhood Crypto Available Outside the United States?

No, as of now, Robinhood crypto along with other services & products are only available in the United States.

In which U.S. states is Robinhood Crypto Available?

Robinhood Crypto is currently available in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.

Do Robinhood Support Crypto Deposits & Withdrawals?

As of now, Robinhood does not allow crypto deposits & withdrawals. They do not even provide crypto users with access to their Robinhood wallet or wallet address.

Are There any Fees on Robinhood?

Investing is free on Robinhood, but there are some charges that Robinhood users have to pay while trading. It includes regulatory transaction Fees, trading activity fees, and American depositary receipt fees. These fees are charged under the direction of the Financial Industry Regulatory Authority (FINRA). 

The regulatory transaction fees of $22.10 per $1,000,000 of principal are charged by Robinhood on behalf of FINRA. Robinhood pays it to FINRA, and they pay it to the Securities and Exchange Commission (SEC). You won't be charged regulatory transaction fees for sales with a notional value of $500 or less. The trading activity fees for equity sells is $0.000119 per share, whereas, for options sells, the fee is $0.002 per share. When it comes to American Depositary Receipts, the users will have to pay $0.01-$0.03 per share as custodial fees to the banks that issue these certificates.

For Stocks, Options & ETFs on Robinhood, debit balances, returned checks, ACH, wire & recall/stop payments, domestic wire transfers, and international wire transfers are free. But for outgoing ACATS, users will have to pay a $75 fee, and for domestic overnight check delivery, the users will have to shell out a $20 fee. 

A Robinhood Financial Gold Planning user will have to pay a $5 fee as the cost for 30 days, and it includes $1000 of margin. For a margin over $1000, a user will have to pay 2.5% of it as a fee.

  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
  • 5
  • 4
  • 4
  • 4
  • 5
  • 4
  • 4.33
Go to site
  • 3
  • 5
  • 4
  • 3
  • 5
  • 4
  • 4
Go to site