The biggest downside is that Robinhood only works in 16 states for cryptocurrency trades, but it plans to add more in the future. Coinbase Pro — also owned by Coinbase — has also seen a similar amount of growth. When you make a purchase with a bank account, the price you pay is locked in the moment you purchase, but you will not receive your cryptocurrency until business days have passed. Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March Their simplistic platform makes it easy for anyone to buy or sell Bitcoin, Litecoin, Ethereum, regardless of their prior experience. Tiger Global Management is leading this financing round, while the other participants include Wellington Management, Andreessen Horowitz, Y Combinator Continuity, Polychain, and others. The site claims more than one million customers in countries.