Are there any fees or commissions when trading cryptocurrencies on Robinhood?

3 answers

• Jan 11, 2022 · 3 years ago
  Yes, there are fees and commissions when trading cryptocurrencies on Robinhood. The fees vary depending on the type of transaction and the amount being traded. It's important to check the Robinhood website or app for the most up-to-date fee schedule. Keep in mind that fees can impact your overall trading profitability, so it's essential to factor them into your trading strategy.
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• Jan 11, 2022 · 3 years ago
  Absolutely! Just like any other exchange, Robinhood charges fees and commissions for trading cryptocurrencies. These fees are typically a percentage of the transaction value or a fixed amount per trade. It's crucial to understand the fee structure before you start trading to avoid any surprises. Make sure to review the Robinhood fee schedule and consider how it may impact your trading decisions.
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• Jan 11, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on Robinhood, there are indeed fees and commissions involved. However, it's worth noting that Robinhood is known for its commission-free trading, which means you won't be charged any fees for buying or selling cryptocurrencies. Instead, Robinhood makes money through other means, such as interest on cash balances and its Robinhood Gold premium subscription. So, while there may be fees associated with certain features or services, basic cryptocurrency trading on Robinhood is fee-free.
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