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Robinhood Finally Let's me Transfer My ETH Off-Platform, But Only Let's Me Send $2000 at a Time, Costing Me Approximately $125 in Gas Per Transaction!

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by COINS NEWS 192 Views

I guess there are bigger problems than having too much ETH, but this is ridiculous. Apparently, "for my safety" I cannot transfer more than $2000 in ETH per hour. With incredibly high-gas fees on Ethereum right now, it's obviously best to avoid unnecessary transactions. No problem, I'm a hodlr anyway, but if I'm gonna hodl I figured that I might as well earn some decent interest on my coins. I thought I'd stake them on Coinbase or lend to a liquidity pool or something, but if I have to pay $1000s in transaction fees, then what amount of APY will be worth it? Is this it? Am I stuck in Robinhood's interest-less purgatory while the rest of the industry offers 4.5-8.5% APY?

Congratulations Robinhood, you figured out how to prevent the crypto-exodus we all know you were fearing.

submitted by /u/thomashearts
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