Robinhood vs Bit: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Robinhood and Bit This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 25, 2025

Robinhood

Bit

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Available Countries

United States

Yes

Europe

Yes

Latin America

India

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Robinhood is ideal if:

Ideal for multitasking investors. Seamlessly combine stock, ETF, and crypto trading in one app—great if you want everything under one roof without jumping between platforms.
Perfect for beginners seeking simplicity. Offers a clean, intuitive interface, low entry with fractional investing, and no commission distractions—ideal if you're starting your crypto journey.
Less suitable for advanced crypto users. Lacks sophisticated tools and deep crypto selection compared to dedicated exchanges—so if you’re into in-depth analysis or niche tokens, it may feel limiting.

Bit is ideal if:

You want access to a professional-grade platform with advanced derivatives and options for major cryptocurrencies.
You prefer a unified margin account that simplifies collateral management across spot, futures, and options.
You value institutional-level liquidity and infrastructure backed by a reputable global crypto finance group.

Robinhood isn’t ideal if:

You want full self-custody of your crypto. You can't withdraw or transfer crypto to your own wallet in the main app, restricting flexibility and personal control.
You need wide crypto variety or advanced trading tools. Supported coins are limited and tools are basic—less compelling if you're seeking diverse assets or deep trading features like derivatives, margin, or complex orders.
You prioritize seamless withdrawals and regulatory clarity. Past issues with withdrawal restrictions and regulatory settlements suggest cautiousness—especially if access to assets and transparency are top priorities.

Bit isn’t ideal if:

Fees & Total Costs

Spot Maker/Take

Robinhood uses a simplified fee model based on a sliding scale of monthly trading volume rather than explicit maker/taker tiers—starting around 0.85% for lower volumes and decreasing as volume grows, with no native token discounts.

BIT uses a tiered fee structure where maker and taker rates decrease as your 30-day trading volume increases, and some users benefit from additional discounts by using the platform’s native token to pay fees.

Futures/Derivatives

Robinhood recently introduced futures trading, with futures contracts priced per contract rather than via maker/taker percentages—futures access comes with a fixed per-contract cost depending on your account tier, and there’s no ongoing funding rate as seen in perpetuals.

Futures trades follow a similar tiered model with both maker and taker fees declining as your volume grows; funding rates are dynamic and reflect real-time market demand but are transparently displayed on the trading interface.

Average Spreads on Liquid Pairs

Spreads on major pairs like BTC and ETH typically fall between 0.5% and 1%, reflecting the small markup embedded in Robinhood’s “commission-free” model.

On highly liquid pairs like BTC/USDT and ETH/USDT, typical spreads are very tight, thanks to strong liquidity and professional market infrastructure—even though exact values aren’t publicly listed, they remain consistently narrow.

Fiat Deposits & Withdrawals

You can deposit via bank transfer or debit card with fees of up to 1.5%, depending on method and instant options; standard bank transfers are often free or low-cost, and processing times are comparable to other digital brokerages.

BIT’s fiat support is limited, and where offered (e.g. via partners), deposit and withdrawal options—such as bank transfers—exist but with general processing times of hours to days and no fixed fee details publicly disclosed.

On-chain Withdrawals

Crypto withdrawals to external wallets don’t carry Robinhood fees—which means you only pay the usual network (gas) fees, which fluctuate based on blockchain congestion.

Crypto withdrawals incur network-based fees that adjust dynamically per blockchain (e.g., BTC, ETH), instead of a flat rate—this means actual costs vary in real time according to network congestion.

Hidden Costs

There are no inactivity or conversion fees, but indirect costs can arise from spreads, payment-for-order-flow execution, and instant funding options that bundle in surcharges beyond visible pricing.

There may be subtle costs like currency conversion when trading non-supported stablecoins, inactive account fees, or expedited KYC processing—but BIT emphasizes transparency, and these are minimal or avoidable through regular activity.

Real-World Cost Example: “€500 BTC

buying €500 of BTC—You’d pay Robinhood’s embedded spread (typically ~0.5–1%) plus any small fee based on your volume tier; if you then withdrew BTC on-chain, you’d pay the network (gas) fee on that transfer.

A €500 BTC purchase would include the spot fee (based on your VIP tier), a tight spread typical for Bitcoin, and an on-chain withdrawal fee that fluctuates with network conditions—all combined to present a total cost that remains competitive and transparent.

Crypto Offering & Trading Features

Number of Coins & Pairs

About 28 cryptos in the U.S.; over 40 in Europe, covering top-volume names like BTC, ETH, SOL and popular altcoins. Limited pairing structure compared to full exchanges.

BIT lists over 130 cryptocurrencies and around 160+ trading pairs overall, with the top 20 by volume including BTC/USDT, ETH/USDT, SOL/USDT, PEPE/USDT, XRP/USDT and others leading daily activity.

Product Range

Offers spot trading, newly launched crypto perpetual futures (Europe only), staking for ETH & SOL, and tokenized U.S. stocks & ETFs (Europe). No margin, options, lending, copy trading, grid bots, or automated DCA.

The platform supports spot, perps (futures), US dollar–settled options, convert/swap, savings/earn, copy trading, block trades, and automated rebalance strategies— all unified under their single account model.

Liquidity

Exact 24h volume and order book depth not published—but leading pairs (BTC, ETH) benefit from Robinhood’s broader user base, though liquidity may be thinner than deep-tier centralized exchanges.

BIT provides high liquidity and deep order books in major pairs like BTC/USDT and ETH/USDT, backed by institutional infrastructure, yielding tight spreads and strong execution even under heavy volume.

Tools

Basic order types (limit, market); lacks OCO or complex conditional orders. Charting tools are simple, and there’s no native TradingView or public API/WS support yet—advanced traders may find features limited.

Traders can use limit, market, and OCO orders, set alerts, access advanced charting, leverage TradingView integrations, and connect via robust API/WebSocket endpoints.

Geographic Restrictions by Product

Derivatives like perpetual futures and tokenized stocks/ETFs available only to European users; U.S. users can stake crypto but don’t yet access tokenized or futures products.

Certain products such as derivatives (futures and options) are restricted in several jurisdictions—including the United States and parts of Asia—depending on local law and platform policy.

Innovation

Strong push into tokenization and self-custody—rolling out its own Layer-2 blockchain and Robinhood Chain, along with flexible staking options (unstake anytime), positioning itself as a crypto-native super-app.

BIT continuously launches new offerings like launchpad-style products, evolving earn features with flexible and locked staking options, and expanding USD-settled options across various assets.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Robinhood Crypto services are operated under Robinhood Crypto, LLC, a U.S.-based company founded in 2013, headquartered in Menlo Park, California.

BIT is operated by a Seychelles-registered entity established around 2020, headquartered in that jurisdiction, leveraging offshore incorporation to serve a broad global clientele.

Licenses/Registration

The platform holds a New York BitLicense and operates under U.S. financial regulations, with additional compliance under EU frameworks like MiCA for its European crypto services.

It’s registered under the Seychelles Financial Services Authority (FSA) as a crypto-service provider, though it does not hold equivalent licenses under EU MiCA or major markets like the U.S.

Custody

Robinhood uses internally managed custodial storage, asserting ownership remains with the user; public proof-of-reserves or third-party audit details aren’t disclosed, and cold storage allocation is not specified.

Client funds are predominantly held in multi-signature cold storage across multiple continents with institutional-grade encryption; BIT is working toward combining both proof of reserves and proof of liabilities using Merkle-tree verification to enhance transparency.

Insurance & Protection Funds

There’s no public insurance covering crypto holdings, and accounts are not SIPC- or FDIC-protected when it comes to digital assets.

The platform maintains an internal insurance fund—designed to absorb losses in extreme market conditions and support its liquidation system as a layer of fund protection.

Incident History

The platform has dealt with several notable issues—including a past SEC and California settlement over withdrawal restrictions, a 2021 data breach of personal information, and regulatory fines—though the SEC crypto investigation has since been closed.

BIT has maintained a clean track record with no publicly reported hacks, service suspensions, asset freezes, or regulatory penalties to date.

Risk Controls

Basic safeguards like two-factor authentication are implemented, but features like IP/email whitelisting, sub-accounts, or granular API permissions aren’t prominently offered for crypto accounts.

Security measures include mandatory two-factor authentication (2FA), IP and withdrawal whitelists, anti-phishing safeguards, and support for sub-accounts and granular API permissioning to manage operational risk.

Transparency

Robinhood does not provide periodic proof-of-reserves, public wallets, or formal service-level agreements (SLA), and overall transparency around custody operations remains minimal.

While BIT does not publish monthly audit reports or public wallet lists, it provides insurance fund status updates and aims to establish tools for verifying reserves and liabilities, offering growing transparency to users.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

You can deposit via standard bank (ACH) transfers or debit cards; amounts and limits vary by account history, with bank transfers typically taking 2–5 business days and debit cards offering faster access subject to processing speeds and internal checks.

BIT supports fiat deposits via bank transfer, credit/debit cards, and e-wallets depending on your region, with minimums and maximums and processing times clearly shown on the deposit screen once you initiate the flow.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Identity verification is mandatory to start trading crypto—Robinhood maintains a single-tier KYC process rather than clear “Basic” or “Advanced” tiers, and withdrawal/trading limits adjust automatically based on verification completeness and account activity.

The KYC framework includes levels like “Basic” and “Advanced” (or equivalent), where unverified users face strict limits or no fiat access, and completing higher KYC tiers unlocks full deposit, withdrawal, and product access.

Withdrawals

Withdrawals are capped (e.g., up to ~$5,000 in crypto or 10 transfers per 24 hours in the U.S.), subject to settlement hold times of up to a few business days, and only standard network formats are supported—some tokens or non-standard formats may be restricted.

Limits, Timing & Networks

Customer Support

Support is via email and in-app forms with variable response times; there’s no dedicated 24/7 chat team, but users have access to a help center and FAQ base for self-service.

BIT offers 24/7 live chat and email support, with a comprehensive help center filled with FAQs and guides; response times vary but generally are prompt—especially for basic queries.

Languages & Localization

The platform operates primarily in English, with pricing shown in local fiat (USD or EUR); regulatory adherence is aligned to U.S. and EU standards depending on your region.

The platform is native in English (and often other major languages), shows pricing and fees in local currencies like USD/EUR, and tailors certain services according to regional regulatory compliance.

App Quality & Stability

The app is generally stable and user-friendly, though occasional delays or outages have occurred during peaks—overall, Robinhood pushes frequent updates to improve reliability and functionality.

The BIT mobile app is regularly updated on both iOS and Android, designed for smooth performance with minimal crashes, and offers a clean interface that mirrors the web experience.

Experience, Performance & Ecosystem

UX/UI

The app shines with a minimalist, approachable design—big tappable cards, clean layouts, and subtle motion cues make navigation intuitive even for newcomers, though there’s no separate “Lite” or “Pro” mode to shift complexity.

The interface is clean and beginner-friendly, offering an intuitive experience without overwhelming the user—advanced options are accessible but smoothly integrated, helping you transition as you grow.

Performance

While generally responsive, Robinhood has historically faced latency and system strain during periods of extreme trading volume; backend upgrades have since improved stability, but occasional delays or access queues may still occur in peak volatility.

BIT’s matching engine delivers ultra-low latency (under 50 ms), ensuring fast order execution; systems remain stable even during volatility spikes, with KYC processes generally unaffected by market surges.

Education

Robinhood offers educational content via its in-app help sections and “Learn” modules—but lacks advanced tools like a demo environment, simulator, or content in languages beyond English, limiting onboarding for non-English speakers.

While BIT doesn’t have a dedicated academy or simulator, it offers in-platform guides and multilingual content (including Spanish), helping users understand features without external research.

Community

There’s no native forum or official Telegram/Discord community, but Robinhood includes referral incentives and relies on user groups external to its platform; community interaction happens mostly off-app.

Users can connect via BIT’s official Telegram and referral programs, enabling peer interactions and rewards, though there’s currently no full-fledged forum or Discord hub.

Integrations

Robinhood does not support third-party integrations like TradingView, external trading bots, tax tools, or accounting software—traders work within the native platform without plug-in flexibility.

Charts on BIT include TradingView integrations, and the platform supports external tools like copy trading strategies and some basic tax/accounting exports, though comprehensive third-party bot support is limited.

Who Each One Is Best For

Robinhood Crypto suits casual or mobile-first investors who value simplicity and convenience in U.S. or European markets; advanced traders or those seeking deep tools and community interaction may find it too basic.

BIT is ideal for those seeking a straightforward yet powerful trading platform—great for beginners who appreciate clarity and for intermediate users who want solid tools without a steep learning curve.