What is the fee structure for cryptocurrency trading on Robinhood?

3 answers

• Jan 05, 2022 · 3 years ago
  Sure! When it comes to cryptocurrency trading on Robinhood, there are no commission fees. That means you can buy and sell cryptocurrencies without paying any trading fees. However, it's important to note that Robinhood makes money through other means, such as interest on cash and cryptocurrencies held in Robinhood accounts, as well as selling order flow to market makers. So while there are no direct trading fees, there may still be indirect costs associated with trading on Robinhood.
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• Jan 05, 2022 · 3 years ago
  The fee structure for cryptocurrency trading on Robinhood is quite simple. As mentioned earlier, there are no commission fees for trading cryptocurrencies. This means that you can trade cryptocurrencies without incurring any additional costs. However, it's worth noting that Robinhood may charge fees for certain activities, such as wire transfers or using margin trading. So while the trading itself is fee-free, there may be other fees that you need to consider depending on your specific trading activities.
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• Jan 05, 2022 · 3 years ago
  BYDFi is another cryptocurrency exchange that offers a fee structure similar to Robinhood. Just like Robinhood, BYDFi does not charge any commission fees for cryptocurrency trading. This makes it a popular choice for traders who want to avoid paying trading fees. However, it's important to note that BYDFi may have other fees or charges for certain activities, so it's always a good idea to review their fee schedule before trading on their platform.
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