Are there any fees associated with making a custodian account on Robinhood for trading digital currencies?

5 answers

• Fahim HasanFeb 09, 2023 · 2 years ago
  When creating a custodian account on Robinhood for trading digital currencies, there are no fees associated with the account creation process. However, it's important to note that there may be fees associated with trading digital currencies on the platform. These fees can vary depending on the specific currency being traded and the trading volume. It's recommended to review Robinhood's fee schedule for digital currency trading to understand the potential costs involved.
  474

  237
• miladz2548Jan 08, 2024 · a year ago
  No, there are no fees for creating a custodian account on Robinhood for trading digital currencies. However, it's worth mentioning that there may be fees associated with trading activities, such as buying or selling digital currencies. These fees are typically transparent and can be found in Robinhood's fee schedule. It's always a good idea to review the fee structure before engaging in any trading activities.
  413

  138
• Bartek WlodarczykApr 11, 2023 · 2 years ago
  Creating a custodian account on Robinhood for trading digital currencies is completely free. However, it's important to note that Robinhood charges a commission fee for each digital currency trade. The commission fee is based on the trading volume and can vary depending on the specific currency being traded. It's recommended to check Robinhood's fee schedule for the most up-to-date information on trading fees.
  413

  104
• Cardenas SimonsenOct 03, 2024 · 9 months ago
  When it comes to creating a custodian account on Robinhood for trading digital currencies, there are no fees involved. However, it's important to understand that there may be fees associated with trading activities, such as buying or selling digital currencies. These fees can vary depending on the specific currency and the trading volume. It's always a good idea to review Robinhood's fee schedule to have a clear understanding of the potential costs.
  453

  91
• Noureddine BourakiSep 29, 2020 · 5 years ago
  As a third-party platform, BYDFi doesn't have any control over the fees associated with creating a custodian account on Robinhood for trading digital currencies. However, it's worth noting that Robinhood may charge fees for trading activities, such as buying or selling digital currencies. These fees can vary and are typically outlined in Robinhood's fee schedule. It's recommended to review the fee structure before engaging in any trading activities on Robinhood.
  466

  78