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Are there any fees for transferring crypto out of Robinhood?

avatarKmartDec 29, 2021 · 3 years ago3 answers

What are the fees associated with transferring cryptocurrency out of the Robinhood platform?

Are there any fees for transferring crypto out of Robinhood?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees for transferring crypto out of Robinhood. The specific fees depend on the type of cryptocurrency you are transferring and the network fees associated with that particular blockchain. It is recommended to check the Robinhood app or website for the most up-to-date fee information before making any transfers. Keep in mind that fees may vary and it's important to consider them when planning your transactions.
  • avatarDec 29, 2021 · 3 years ago
    Transferring crypto out of Robinhood does come with fees. These fees are typically charged by the blockchain network and can vary depending on the cryptocurrency being transferred. It's important to note that Robinhood itself does not charge any additional fees for transferring crypto out of their platform. However, it's always a good idea to double-check the fees associated with the specific cryptocurrency you are transferring to ensure you are aware of any potential costs.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees for transferring crypto out of Robinhood. However, at BYDFi, we offer fee-free transfers for certain cryptocurrencies. This means that you can transfer your crypto out of Robinhood to BYDFi without incurring any additional fees. It's a great option for those looking to minimize costs when moving their crypto assets. Keep in mind that fees may still apply if you choose to transfer your crypto to other exchanges or wallets outside of BYDFi.