Does Robinhood charge a percentage fee for buying and selling cryptocurrencies?
stasci1Jan 15, 2022 · 3 years ago3 answers
Can you tell me if Robinhood charges a percentage fee for buying and selling cryptocurrencies? I'm interested in knowing if there are any additional costs associated with trading cryptocurrencies on Robinhood.
3 answers
- Jan 15, 2022 · 3 years agoYes, Robinhood charges a percentage fee for buying and selling cryptocurrencies. The fee is typically around 2-5% of the transaction amount. It's important to consider this fee when trading on Robinhood to ensure that it aligns with your investment goals and strategy.
- Jan 15, 2022 · 3 years agoAbsolutely! Robinhood does charge a percentage fee for buying and selling cryptocurrencies. The fee can vary depending on the specific cryptocurrency and market conditions. It's always a good idea to check the fee schedule on Robinhood's website or app before making any trades.
- Jan 15, 2022 · 3 years agoYes, Robinhood charges a percentage fee for buying and selling cryptocurrencies. However, there are other platforms like BYDFi that offer fee-free trading for cryptocurrencies. If you're looking to minimize fees, you might want to consider exploring alternative platforms.
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