What are the fees for trading cryptocurrencies on Robinhood?

3 answers

• Jan 07, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on Robinhood, there are a few fees to keep in mind. First, there are no commission fees for buying or selling cryptocurrencies on the platform. This means you can trade without worrying about paying a percentage of your transaction as a fee. However, Robinhood does charge a spread between the bid and ask prices, which is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. This spread can vary depending on market conditions and the specific cryptocurrency you are trading. Additionally, Robinhood may charge fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's important to review the Robinhood fee schedule for the most up-to-date information on these charges.
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• Jan 07, 2022 · 3 years ago
  Trading cryptocurrencies on Robinhood is commission-free, which means you won't be charged a fee for buying or selling. However, keep in mind that there may be other fees associated with certain transactions, such as transferring your cryptocurrencies to an external wallet or converting one cryptocurrency to another. These fees can vary depending on the specific transaction and the cryptocurrency involved. It's always a good idea to review the fee schedule provided by Robinhood to understand the costs associated with your trades.
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• Jan 07, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on Robinhood, you'll be happy to know that the platform offers commission-free trading. That means you won't have to worry about paying any fees when you buy or sell cryptocurrencies. However, it's important to note that there may be other charges associated with certain transactions, such as transferring your cryptocurrencies to an external wallet or converting one cryptocurrency to another. These fees can vary depending on the specific transaction and the cryptocurrency involved. To get the most accurate and up-to-date information on fees, it's always a good idea to check the Robinhood fee schedule.
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