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Are there any fees associated with using limit orders for cryptocurrency trading on Robinhood?

avatarBoutahir Salah EddineJan 13, 2022 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using limit orders for cryptocurrency trading on Robinhood? I want to understand the costs involved before I start trading.

Are there any fees associated with using limit orders for cryptocurrency trading on Robinhood?

3 answers

  • avatarJan 13, 2022 · 3 years ago
    Yes, there are fees associated with using limit orders for cryptocurrency trading on Robinhood. When you place a limit order, Robinhood charges a commission fee for executing the trade. The fee amount depends on the size of your order and the specific cryptocurrency you are trading. It's important to check Robinhood's fee schedule to understand the exact fees you will be charged.
  • avatarJan 13, 2022 · 3 years ago
    Absolutely! If you decide to use limit orders for cryptocurrency trading on Robinhood, you should be aware that there are fees involved. These fees are charged by Robinhood for executing your trades. The fee structure may vary depending on the specific cryptocurrency and the size of your order. Make sure to review Robinhood's fee schedule to get a clear understanding of the costs.
  • avatarJan 13, 2022 · 3 years ago
    Yes, there are fees associated with using limit orders for cryptocurrency trading on Robinhood. However, at BYDFi, we offer fee-free trading for limit orders on our platform. So if you want to avoid paying fees, you can consider using BYDFi for your cryptocurrency trading needs. Keep in mind that the fee structure may vary between different exchanges, so it's always a good idea to compare the fees before making a decision.