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Are there any fees associated with using Robinhood instant account for cryptocurrency transactions?

avatarBroadWeb DigitalDec 30, 2021 · 3 years ago3 answers

Can you tell me if there are any fees involved when using the Robinhood instant account for cryptocurrency transactions? I'm considering using it for my crypto trading, but I want to make sure I understand all the costs involved.

Are there any fees associated with using Robinhood instant account for cryptocurrency transactions?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, there are fees associated with using the Robinhood instant account for cryptocurrency transactions. When you buy or sell cryptocurrencies on Robinhood, you may be subject to trading fees. These fees can vary depending on the specific cryptocurrency you're trading and the size of your transaction. It's important to review Robinhood's fee schedule to understand the exact costs involved before making any transactions.
  • avatarDec 30, 2021 · 3 years ago
    Absolutely! Robinhood charges trading fees for cryptocurrency transactions made through their instant account. The fees can vary depending on the type and size of the transaction. It's always a good idea to check the fee schedule on Robinhood's website to get the most up-to-date information on the fees associated with your specific transactions.
  • avatarDec 30, 2021 · 3 years ago
    Yes, there are fees associated with using the Robinhood instant account for cryptocurrency transactions. However, it's important to note that these fees are generally lower compared to other cryptocurrency exchanges. Robinhood aims to provide a user-friendly and cost-effective platform for cryptocurrency trading. To get the exact details of the fees, you can visit Robinhood's website or contact their customer support.