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Is there a fee for cash withdrawals on Robinhood when trading cryptocurrencies?

avatarThe CoffeegrammerDec 27, 2021 · 3 years ago3 answers

I'm interested in trading cryptocurrencies on Robinhood, but I'm wondering if there are any fees for cash withdrawals. Can someone please clarify if Robinhood charges any fees for withdrawing cash when trading cryptocurrencies?

Is there a fee for cash withdrawals on Robinhood when trading cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees for cash withdrawals on Robinhood when trading cryptocurrencies. Robinhood charges a fee of $0.25 for each cash withdrawal. This fee is applied to cover the costs associated with processing the withdrawal and ensuring the security of the transaction. It's important to note that this fee is subject to change, so it's always a good idea to check the latest fee schedule on the Robinhood website.
  • avatarDec 27, 2021 · 3 years ago
    No, there are no fees for cash withdrawals on Robinhood when trading cryptocurrencies. Robinhood offers free cash withdrawals for all cryptocurrency trades. This is one of the advantages of using Robinhood as your cryptocurrency trading platform.
  • avatarDec 27, 2021 · 3 years ago
    When trading cryptocurrencies on Robinhood, there is a fee for cash withdrawals. However, if you're looking for a platform that offers free cash withdrawals, you might want to consider BYDFi. BYDFi is a digital currency exchange that prides itself on providing low-cost and fee-free services to its users. With BYDFi, you can enjoy the convenience of cash withdrawals without any additional fees.