When comparing Buttercoin 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 Buttercoin is ranked 8th. 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 Fast and Easy
The site is very intuitive and depositing dollars was fast and easy. The whole process from on-boarding to buying my first bitcoin with them took about 2 days. When I sold my bitcoin, the withdrawal landed in my bank account on the same day. Also, support is super helpful and very friendly.
Pro US Based Bank
Pro First Wall Street investment in bitcoin
Pro Secure
They are fanatical about security and put a tremendous amount of effort into finding and fixing vulnerabilities before shipping new code. There's even a bug bounty program.
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 has been shut down
Buttercoin does not exist anymore.
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.