Onramp vs Robinhood — Head-to-Head Custody Comparison

An independent, data-driven comparison of Onramp and Robinhood across security, insurance, fees, regulatory compliance, and more.

Verdict

Quick Verdict

Onramp scores 8.7 vs Robinhood's 6.9. Onramp leads in 7 of 8 categories.

Onramp is better suited for Family offices, RIAs, HNW individuals. Robinhood is better suited for Stock traders adding crypto, Fee-conscious traders, Beginners.

8.7

Very GoodCustody Score

Onramp

6.9

FairCustody Score

Robinhood

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Onramp	Robinhood	Winner
Security	20%	9.5	7.0	Onramp
Insurance	15%	9.0	6.0	Onramp
Regulatory	15%	8.5	8.5	Tie
Fee Transparency	10%	7.5	6.0	Onramp
Track Record	15%	8.0	7.0	Onramp
Withdrawal Flexibility	10%	8.5	7.5	Onramp
Reporting & Audit	10%	8.5	8.0	Onramp
Counterparty Diversification	5%	10.0	2.0	Onramp
Overall Score	100%	8.7	6.9	Onramp

Visual

Score Radar

Visual overlay of Onramp and Robinhood across all categories.

OnrampRobinhood

Deep Dive

Category-by-Category Analysis

A deeper look at how each provider performs in every scoring criterion.

Security (9.5 vs 7.0)

Onramp uses Multi-institution distributed key management with Varies by underlying custodian in cold storage and regular penetration testing. Compliance: Via underlying custodians (SOC 1 & SOC 2). Incident history: No incidents.

Robinhood uses Exchange-managed custody key management with Majority cold in cold storage and regular penetration testing. Compliance: SOC 2 Type 2. Incident history: 2021 data breach (customer info, not funds). Crypto wallets added later..

Insurance (9.0 vs 6.0)

Onramp offers Aggregate coverage across multiple custodian insurance policies via Multiple (via underlying custodians). Each underlying custodian maintains their own insurance. Combined coverage exceeds single-custodian limits.

Robinhood offers SIPC for securities (NOT crypto). Crime insurance for crypto. via SIPC (securities) + crime insurance. SIPC coverage for stocks. Crypto has separate crime insurance.

Regulatory (8.5 vs 8.5)

Onramp holds State money transmitter licenses and is a qualified custodian operating in United States. Regulated through underlying custodian partnerships with qualified custodians

Robinhood holds NASDAQ listed (HOOD), SEC/FINRA registered (securities), State money transmitter licenses (crypto) and is a qualified custodian operating in United States. Publicly traded. SEC registered for securities. State-licensed for crypto.

Fee Transparency (7.5 vs 6.0)

Onramp charges Contact for pricing in annual custody fees with 0.50% per trade (brokerage) per transaction. Also offers Onramp Finance: lowest-cost Bitcoin brokerage at 50bps, 5% APY on cash, 1.5% cashback card

Robinhood charges None in annual custody fees with 0% commission (spread-based ~0.4%) per transaction. Commission-free trading. Revenue from spread and payment for order flow.

Track Record (8.0 vs 7.0)

Onramp was founded in 2021 and is headquartered in Austin, TX. AUM: $1B+. Incident history: No incidents.

Robinhood was founded in 2013 and is headquartered in Menlo Park, CA. AUM: $130B+ in assets under custody (all assets). Incident history: 2021 data breach (customer info, not funds). Crypto wallets added later..

Withdrawal Flexibility (8.5 vs 7.5)

Onramp withdrawal fees: Contact for pricing. Minimum account: $100,000. Supported assets: Bitcoin.

Robinhood withdrawal fees: Network fees. Minimum account: $1 minimum. Supported assets: Bitcoin, Ethereum, 20+ cryptocurrencies.

Reporting & Audit (8.5 vs 8.0)

Onramp: SOC compliance is Via underlying custodians (SOC 1 & SOC 2). As a qualified custodian, it meets SEC reporting requirements.

Robinhood: SOC compliance is SOC 2 Type 2. As a qualified custodian, it meets SEC reporting requirements.

Counterparty Diversification (10.0 vs 2.0)

Onramp is a multi-institution custody provider. Key management: Multi-institution distributed custody — keys and assets spread across multiple independent regulated custodians (BitGo, Coinbase, Fidelity, etc.).

Robinhood is a exchange custody provider. Key management: Exchange-managed custody with option to withdraw crypto to external wallets..

Fees

Fee Comparison

Side-by-side fee breakdown for Onramp and Robinhood.

Fee Type	Onramp	Robinhood
Setup Fee	Contact for pricing	Free
Annual Custody	Contact for pricing	None
Transaction	0.50% per trade (brokerage)	0% commission (spread-based ~0.4%)
Withdrawal	Contact for pricing	Network fees

Onramp: Also offers Onramp Finance: lowest-cost Bitcoin brokerage at 50bps, 5% APY on cash, 1.5% cashback card

Robinhood: Commission-free trading. Revenue from spread and payment for order flow.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Onramp	Robinhood
1.5% cashback card	✓	✗
23M+ funded accounts	✗	✓
5% APY on cash balances	✓	✗
Bitcoin brokerage services (Onramp Finance)	✓	✗
Bitstamp acquisition	✗	✓
Clean mobile interface	✗	✓
Commission-free trading	✗	✓
Crypto alongside stocks	✗	✓
Crypto wallets with withdrawals	✗	✓
Institutional-grade security and compliance	✓	✗
Multi-Institution Custody across multiple regulated custodians	✓	✗
No single point of failure	✓	✗
White-glove onboarding for institutions	✓	✗

Recommendation

Who Should Choose Which?

Onramp is better if you…

✓Are a family offices
✓Are a rias
✓Are a hnw individuals
✓Are a institutions
✓Want: Only provider offering true multi-institution custody — no single point of failure
✓Want: Aggregated insurance coverage exceeds any single custodian
✓Want: $1B+ in assets under custody demonstrates institutional trust

Robinhood is better if you…

✓Are a stock traders adding crypto
✓Are a fee-conscious traders
✓Are a beginners
✓Are a us retail investors
✓Want: Commission-free crypto trading
✓Want: Crypto alongside stock portfolio
✓Want: Publicly traded — transparent

FAQ

Frequently Asked Questions

Is Onramp or Robinhood better for Bitcoin custody?

Onramp scores 8.7 vs 6.9 in our weighted Custody Score. Onramp leads in 7 of 8 scoring categories. However, the best choice depends on your specific needs: Onramp is best for Family offices and RIAs, while Robinhood suits Stock traders adding crypto and Fee-conscious traders.

What is the difference between Onramp and Robinhood?

Onramp is a multi-institution custody provider, while Robinhood is a exchange custody provider. Onramp excels in Counterparty Diversification, whereas Robinhood is strongest in Regulatory.

How do Onramp and Robinhood fees compare?

Onramp charges Contact for pricing annual custody fees with 0.50% per trade (brokerage) transaction fees. Robinhood charges None annual custody fees with 0% commission (spread-based ~0.4%) transaction fees.

Which is more secure, Onramp or Robinhood?

Onramp scores 9.5/10 for security while Robinhood scores 7.0/10. Onramp uses Multi-institution distributed key management, and Robinhood uses Exchange-managed custody.