The data breach at Robinhood has exposed some investors’ personal information, including email addresses, full names, dates of birth, and ZIP codes. The company has said that it does not think any bank account information was compromised. However, the company did not immediately provide details of the number of customers affected. In addition, the company is not providing a phone number to contact customer support.
Unlike many other brokers, Robinhood doesn’t charge a commission for trading, so new investors can invest small amounts without putting too much money at risk. The app also encourages new investors to invest for the long term, rather than for the short-term. However, if you are not comfortable with the flash of a big return, it may be best to stick to safer investments such as exchange-traded funds and bonds.
Before getting started with your first investment, you’ll need to sign up for an account with Robinhood. Once you’ve signed up, you’ll be asked to input a few personal details and financial information. You’ll then receive an email confirming your application. Once approved, you’ll be able to pre-load your account with funds.
In addition to the standard trading features, you’ll also be able to make commission-free cryptocurrency purchases. Robinhood has access to many of the largest cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, and offers 24-hour access to them. Moreover, if you’re a newbie, you can choose a subscription to a stock newsletter or a podcast that covers the ins-and-outs of investing.
