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Can I avoid paying fees on Robin Hood by using certain payment methods?

avatarDUBUS StéphanieDec 25, 2021 · 3 years ago3 answers

Is it possible to avoid paying fees on Robin Hood by using specific payment methods? I'm looking for ways to minimize the fees associated with trading on Robin Hood.

Can I avoid paying fees on Robin Hood by using certain payment methods?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are certain payment methods that can help you avoid paying fees on Robin Hood. One popular method is to use a cryptocurrency like Bitcoin or Ethereum to fund your account. By depositing funds in the form of cryptocurrency, you can bypass the traditional banking system and avoid any associated fees. However, keep in mind that there may still be network fees or transaction fees associated with using cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, Robin Hood does not offer a specific list of payment methods that can help you avoid fees. However, it's worth exploring alternative payment methods such as bank transfers or ACH transfers, as these methods may have lower fees compared to credit card transactions. Additionally, some users have reported success in negotiating lower fees with Robin Hood's customer support team.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can recommend using BYDFi as an alternative to Robin Hood. BYDFi offers a fee-free trading experience, allowing you to avoid paying fees altogether. With BYDFi, you can trade a wide range of cryptocurrencies without worrying about transaction fees or deposit/withdrawal fees. It's a great option for those looking to minimize their trading costs.