How do Robinhood and E*TRADE compare in terms of the fees and commissions they charge for trading digital currencies?

3 answers

• Dec 26, 2021 · 3 years ago
  When it comes to trading digital currencies, Robinhood and E*TRADE have different fee structures. Robinhood offers commission-free trading for cryptocurrencies, which means you won't have to pay any fees when buying or selling digital currencies on their platform. On the other hand, E*TRADE charges a commission for trading digital currencies, which can vary depending on the size of your trade. It's important to note that E*TRADE also charges additional fees, such as a spread, which is the difference between the bid and ask price. Overall, if you're looking for a platform with no trading fees for digital currencies, Robinhood might be the better option for you.
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• Dec 26, 2021 · 3 years ago
  When comparing the fees and commissions charged by Robinhood and E*TRADE for trading digital currencies, it's important to consider your trading volume and frequency. Robinhood offers commission-free trading for cryptocurrencies, which can be beneficial for frequent traders or those who make small trades. On the other hand, E*TRADE charges a commission for trading digital currencies, which can be more cost-effective for larger trades. Additionally, E*TRADE offers a wider range of digital currencies compared to Robinhood, which may be appealing to traders looking for more options. Ultimately, the choice between Robinhood and E*TRADE will depend on your individual trading needs and preferences.
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• Dec 26, 2021 · 3 years ago
  As an expert in the digital currency trading industry, I can provide some insights into the comparison between Robinhood and E*TRADE in terms of fees and commissions. Robinhood is known for its commission-free trading for cryptocurrencies, which means you won't have to pay any fees when buying or selling digital currencies on their platform. On the other hand, E*TRADE charges a commission for trading digital currencies, which can vary depending on the size of your trade. It's worth noting that E*TRADE also offers additional services and features, such as research tools and educational resources, which may be beneficial for traders looking for a more comprehensive trading experience. Overall, both platforms have their own advantages and it's important to consider your trading goals and preferences when choosing between Robinhood and E*TRADE.
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