DChained CEO and Founder on Robinhood and the Best Crypto Trading Platforms
March 26, 2021
With excitement around Bitcoin and other cryptocurrencies reaching a fever pitch, it makes sense that consumers (and the media) would be looking to experts for recommendations on the best trading platforms. Would-be traders need to know who’s fast, reliable, and secure.
When U.S. News and World Report put together a list of the five best cryptocurrency trading sites, they reached out to experts for advice. One of those experts was Edmund McCormack, founder and CEO of DChained.
DChained is a leading crypto analyst firm and their founder had this to say about the security of trading platform Robinhood: “Robinhood utilizes cold wallets to store your cryptos, meaning that the majority of users’ funds are held safely offline. However, in the event that a hack were to take place, they are underwritten by Lloyd’s to cover any cybersecurity breaches.”
In addition to Robinhood, U.S. News and World Report goes on to recommend Coinbase, Binance, Gemini and Kraken for both security and speed. If you’re interested in crypto investing the piece is worth a read, as is 10 ways to keep your cryptocurrency safe.