I wouldn't recommend anyone to invest in crypto on platforms like Robinhood. When it comes to stocks, Robinhood may be an ok choice for newcomers, but it's a different story for cryptocurrency. If you don't even own a private key and can't even scan (or know) the address on which your assets are located, can you even say that you own your newly acquired crypto? The UI may be simple and easy to use, but it doesn't make up for the freedom of trading your assets, a limited number of currencies being offered and getting your data sold (which is why the entire platform became controversial in the past years).
If you can’t bother with setting up either a hardware or software wallet, at least choose a trusted exchange that is eligible for NY citizens.
Agreed. Plus, most of these sites never even hold crypto. You can’t make the price of BTC “pop” unless you actually buy BTC. We can invest $100B in Robinhood BTC, but it’s just words on your screen pegged to BTC. Buy the actual coin so that the actual BTC supply and circulation can be lowered. Just my 2 Satoshis. Good luck!