its the same policy as robinhood crypto. they allow trading and claim the trades are backed up by real crypto, but no one can verify it. so essentially, its just paper trading
robinhood were supposed to allow withdrawal very soon, but iirc it still is not possible to withdraw crypto traded on robinhood
At this time we don’t support coin withdrawals, though we plan to do so in the future.
“future” lol it has been that way for almost a year now.
you cant deposit as well
We don’t support transfers of your existing cryptocurrency assets or wallets into your Robinhood Crypto account. Our primary concern is preventing the proceeds from illegal activity from being used for transactions on Robinhood Crypto. We’ll be sure to update you if and when this type of transfer becomes available.
this is just a large scam enabling paper trading of coins backed by nothing.