Robinhood vs River Comparison

Robinhood

Popular and well-known exchange based in the USA. Buy & trade with ACH transfers. Also offers U.S. Bitcoin ETFs like IBIT and FBTC.

River

River is a trusted Bitcoin-only exchange based in the USA.

Robinhood

Only available in the United States, US Virgin Islands, Puerto Rico, and District of Columbia. Licensed by FinCEN and regulated as a broker-dealer by the SEC.

River

USA

Robinhood

Over 20 cryptocurrencies available for trading including BTC, ETH, DOGE, SHIB, SOL, ADA, AVAX, LINK, XRP, LTC, BCH, COMP, AAVE, UNI, XLM and more.

River

Bitcoin-only

Robinhood

• Features:
• No commission crypto trading
• Minimum purchase of $1
• Instant deposits up to $1,000 (Instant account)
• Instant deposits up to Gold tier amount (Gold account)

River

• Order Size: Up to $1,000,000 | Fee: 1.00%
• Order Size: >$1,000,000 to $5,000,000 | Fee: 0.70%
• Order Size: >$5,000,000 to $15,000,000 | Fee: 0.40%
• Order Size: >$15,000,000 | Fee: 0.25%
• Order Size: All recurring buy orders | Fee: 0.00%

Robinhood

ACH, Debit Card, Bank Account, Wire Transfer

River

ACH, Bank Account, Wire Transfer

River

3.8%

Earn 3.8% interest on FDIC-insured cash, paid out in Bitcoin. No fees or minimums. Withdraws allowed anytime.

Robinhood

iOS Rating: 4.2 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.2 Official rating from the Android Play Store as of November 18, 2024.

River

iOS Rating: 4.8 Official rating from the iOS App Store as of November 18, 2024.

Android Rating: 4.9 Official rating from the Android Play Store as of November 18, 2024.

Robinhood

Cryptocurrencies are stored using a combination of cold (offline) and hot (online) storage, with the majority held in cold storage for enhanced security. Users can withdraw cryptocurrencies to their own wallets. The platform employs industry-leading security measures and regular audits. Crypto assets are not FDIC insured or protected by SIPC.

River

River holds client Bitcoin in full reserve with no lending. They built their own custody systems from the ground up to minimize third-party dependencies. Security includes regular independent audits, mandatory 2FA, real-time notifications, 24/7 monitoring, and bcrypt password hashing. Users can verify holdings via Proof of Reserves.

Robinhood

No. However, in November 2021, Robinhood reported a data breach affecting approximately 7 million customers. Prior to this, in July 2019, the company admitted to storing some users' passwords in plaintext. The company has also acknowledged occasional small-scale account compromises.

River

No. Has never lost customer funds in any way.

Robinhood

robinhood.com

River

river.com

Robinhood

Read our Robinhood review

"Good app! Relatively new to the crypto world, I've tried about 8-9 different wallets and Robinhood has been my favorite so far. Their interface is outstanding; you're able to see Live market data for current crypto prices; you can view returns by total returns or 24 hours, either by dollar amount or percentage. The buying process is instantaneous. The only improvement I'd like to see is hopefully they will adopt ALL ISO20022 compliant crypto. 🚀 💯"
- Real user review from iOS App Store, Android Play Store or Trustpilot

River

Read our River review

"I really like the app so far. It does what it's supposed to and paired with the desktop web app, I could not personally ask for more. Great customer service and lots of upcoming features in the pipeline from my understanding."
- Real user review from iOS App Store, Android Play Store or Trustpilot