Can we talk about what a steaming pile of garbage Unchained is??
So first off, they have some good ideas and I do give them a lot of credit for being the first out there to do some of this….Roth, Trad IRA, etc…..that said, there is just SOOOOOOOO much room for simple improvements and I don’t understand why they would not have put these super basic things in place. Only market orders?? No DCA, no limit orders?? Really?? When you transfer/deposit cash, the only option is to just let it sit there as cash, 0% interest?? At least put it in a money market or something and give me 4%. My idea is not to let a bunch of cash sit there and I understand that is not their business model, but come on….esp bc in respect to point #1 above, 1.5% fee on purchasing AND selling BTC?? Plus a spread?? Much more $$ than most other platforms. It does look like you can directly transfer BTC to another wallet and trade for fiat elsewhere with lower fees. $250/year for each account type?? What exactly are they providing for this fee?? Why is a Roth or a Trad IRA or a regular brokerage account all without an annual fee with everyone else?? (Obviously they make their money and don’t allow directly HODLing your coin). But feels greedy….they are already making $$ from #3 like all the other big players. Happy to hear other opinions on this and/or a good explanation of why all this makes sense directly from Unchained. Also, does anyone know of any upcoming players who are going to get into the Roth & Trad IRA BTC game?? I figure it is just a matter of time before competition forces Unchained to be better. submitted by /u/CompetitiveAppeal663 [link] [comments]
So first off, they have some good ideas and I do give them a lot of credit for being the first out there to do some of this….Roth, Trad IRA, etc…..that said, there is just SOOOOOOOO much room for simple improvements and I don’t understand why they would not have put these super basic things in place.
Only market orders?? No DCA, no limit orders?? Really??
When you transfer/deposit cash, the only option is to just let it sit there as cash, 0% interest?? At least put it in a money market or something and give me 4%. My idea is not to let a bunch of cash sit there and I understand that is not their business model, but come on….esp bc in respect to point #1 above,
1.5% fee on purchasing AND selling BTC?? Plus a spread?? Much more $$ than most other platforms. It does look like you can directly transfer BTC to another wallet and trade for fiat elsewhere with lower fees.
$250/year for each account type?? What exactly are they providing for this fee?? Why is a Roth or a Trad IRA or a regular brokerage account all without an annual fee with everyone else?? (Obviously they make their money and don’t allow directly HODLing your coin). But feels greedy….they are already making $$ from #3 like all the other big players.
Happy to hear other opinions on this and/or a good explanation of why all this makes sense directly from Unchained. Also, does anyone know of any upcoming players who are going to get into the Roth & Trad IRA BTC game?? I figure it is just a matter of time before competition forces Unchained to be better.
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