When comparing Ripio vs Robinhood, the Slant community recommends Robinhood for most people. In the question“What are the best ways to buy/sell bitcoin?” Robinhood is ranked 6th while Ripio is ranked 14th. The most important reason people chose Robinhood is:
If you know that an important goverment report is coming out, or a company in your portfolio is expected to release its 10K, you can create a notification to warn about this beforehand to stay on top of the information flow.
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Pros
Pro Instant transfers during weekends
If you happen to transfer money into your wallet during weekends, it becomes available after just an hour, so that you don't have to wait for the usual SEPA working hours, which could make you miss opportunities.
Pro You can buy 3 coins
Bitcoin(BTC), Ethereum(ETH) and Dai(DAI) are available to buy.
Pro You can set notifications for important events
If you know that an important goverment report is coming out, or a company in your portfolio is expected to release its 10K, you can create a notification to warn about this beforehand to stay on top of the information flow.
Pro Great for beginners
This app is great for beginner investors, because the entry threshold is non-existent - you can start trading with whatever capital you have; and there are no commissions that bite off you profits.
Cons
Con It operates only in Argentine Pesos
This can be cumbersome if you are not in the region. The crypto coins are only exchanged using Argentine Pesos.
Con Slow customer support
They usually take hours to help you with your requests, should you have an issue.
Con Limits buy orders of certain stocks
As of last week the service started limiting buys of certain stock, this is ongoing and a huge problem for many service users.
Con Only for US citizens/residents
You need to be a US citizen or resident, with a legal US residential address, and a valid social security number.
Con Limited options for analysis
This app wasn't intened for analysis as much as convenient execution. If you rely on technical analysis to make your investment decisions, you will have to find a third-party software for that.