What are the fees and charges associated with using Robin Hood for cryptocurrency trading?

1 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency trading industry, I can tell you that using Robin Hood for cryptocurrency trading comes with some fees and charges. While Robin Hood itself does not charge any fees for opening or maintaining an account, they make money through payment for order flow. This means that they receive a small amount of money from market makers for each trade executed. Additionally, there may be fees charged by the exchanges where Robin Hood executes the trades. These fees can vary depending on the exchange and the specific trade. It's always a good idea to check the exchange's fee schedule for the most accurate information. Overall, while Robin Hood offers commission-free trading, it's important to consider the potential costs associated with payment for order flow and exchange fees.
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