What are the fees and charges associated with trading cryptocurrencies on the Robinhood app?

3 answers

• Jan 09, 2022 · 3 years ago
  When trading cryptocurrencies on the Robinhood app, you will encounter several fees and charges. Firstly, there are no commission fees for buying or selling cryptocurrencies on Robinhood. However, Robinhood makes money through a process called 'payment for order flow', where they receive compensation for directing orders to certain market makers. Additionally, there may be fees associated with transferring funds to and from your Robinhood account. It's important to note that other fees may apply depending on your specific trading activities and account type. It's always a good idea to review the Robinhood app's fee schedule for the most up-to-date information.
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• Jan 09, 2022 · 3 years ago
  Trading cryptocurrencies on the Robinhood app is commission-free, which means you won't be charged any fees for buying or selling. However, it's important to understand that Robinhood makes money through other means, such as receiving payment for order flow. This means that while you may not pay direct fees, the price you receive for your trades may not be the best available. It's always a good idea to compare prices on other platforms to ensure you're getting the best deal.
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• Jan 09, 2022 · 3 years ago
  As an expert in the field, I can confirm that trading cryptocurrencies on the Robinhood app is commission-free. This means that you won't be charged any fees for buying or selling cryptocurrencies. However, it's important to note that Robinhood makes money through other means, such as receiving payment for order flow. This means that the price you receive for your trades may not be the best available. It's always a good idea to compare prices on different platforms to ensure you're getting the best deal.
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