How does Robinhood compare to Coinbase in terms of fees for buying and selling cryptocurrencies?

3 answers

• Jan 11, 2022 · 3 years ago
  When it comes to fees for buying and selling cryptocurrencies, Robinhood and Coinbase have different fee structures. Robinhood offers commission-free trading, which means you won't pay any fees when buying or selling cryptocurrencies. However, Robinhood makes money through other means, such as payment for order flow. On the other hand, Coinbase charges fees for every transaction. The fees vary depending on the transaction type and the amount involved. Coinbase also offers different fee tiers based on your trading volume. So, if you're a frequent trader, you might be eligible for lower fees on Coinbase.
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• Jan 11, 2022 · 3 years ago
  If you're looking for a platform with no fees for buying and selling cryptocurrencies, Robinhood is a good option. With Robinhood, you can trade cryptocurrencies without worrying about paying any fees. However, it's important to note that Robinhood's fee-free trading comes with some trade-offs. For example, Robinhood doesn't offer as many cryptocurrencies as Coinbase, and their platform may not be as feature-rich. So, if you're a more advanced trader or want access to a wider range of cryptocurrencies, Coinbase might be a better choice despite the fees.
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• Jan 11, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers competitive fees for buying and selling cryptocurrencies. They have a transparent fee structure that is based on your trading volume. The more you trade, the lower your fees will be. BYDFi also offers a wide range of cryptocurrencies to choose from, making it a great option for traders who want access to a diverse portfolio. Additionally, BYDFi provides advanced trading features and a user-friendly interface, making it easy for both beginners and experienced traders to navigate the platform.
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