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Are there any fees involved in transferring money from Coinbase to Robinhood?

avatarRohini Sameer JaygudeDec 28, 2021 · 3 years ago3 answers

Can you tell me if there are any fees associated with transferring money from Coinbase to Robinhood? I'm considering moving my funds between these two platforms and I want to make sure I understand the costs involved.

Are there any fees involved in transferring money from Coinbase to Robinhood?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are fees involved in transferring money from Coinbase to Robinhood. Coinbase charges a network fee for each transaction, which can vary depending on the current network congestion. Additionally, Robinhood may also charge a fee for incoming transfers. It's important to check both platforms' fee schedules before making the transfer to understand the exact costs involved.
  • avatarDec 28, 2021 · 3 years ago
    Transferring money from Coinbase to Robinhood does come with fees. Coinbase charges a network fee that is determined by the current network congestion. Robinhood may also charge a fee for incoming transfers. It's always a good idea to review the fee schedules of both platforms to understand the costs before initiating the transfer.
  • avatarDec 28, 2021 · 3 years ago
    When transferring money from Coinbase to Robinhood, there are fees involved. Coinbase charges a network fee for each transaction, which can vary depending on the current network congestion. Robinhood may also charge a fee for incoming transfers. It's important to consider these fees and factor them into your decision when moving funds between these platforms.