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Are there any fees associated with Robinhood's cash sweep for digital currencies?

avatarJason YanaricoDec 25, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using Robinhood's cash sweep feature for digital currencies? I'm interested in understanding the costs associated with this service.

Are there any fees associated with Robinhood's cash sweep for digital currencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with Robinhood's cash sweep for digital currencies. When you use this feature, you may be charged a small fee for the service. The exact fee amount can vary depending on the specific digital currency and the amount you are transferring. It's important to review the fee schedule provided by Robinhood to understand the costs involved.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Robinhood does charge fees for their cash sweep feature when it comes to digital currencies. The fees can vary depending on the specific currency and the amount being transferred. It's always a good idea to review the fee schedule provided by Robinhood to get a clear understanding of the costs involved before making any transactions.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with Robinhood's cash sweep for digital currencies. However, at BYDFi, we offer a similar service without any fees. Our cash sweep feature allows you to earn interest on your digital currencies without incurring any additional charges. It's a great way to maximize your earnings while keeping your costs low. Feel free to explore our platform and take advantage of this fee-free service.