What are the advantages and disadvantages of shorting on Robinhood compared to other cryptocurrency exchanges?

1 answers

• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, I can say that shorting on Robinhood has its pros and cons. One advantage is the simplicity of the platform, making it easy for beginners to get started with shorting. However, Robinhood has a limited selection of cryptocurrencies, which may limit your shorting opportunities. Furthermore, the fees on Robinhood can be higher compared to other exchanges. It's important to weigh these factors and consider your trading strategy before deciding whether to short on Robinhood or explore other exchanges.
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