Are there any fees associated with trading on Robinhood as a centralized exchange?

3 answers

• May 05, 2022 · 3 years ago
  Yes, there are fees associated with trading on Robinhood as a centralized exchange. When you buy or sell cryptocurrencies on Robinhood, you may be subject to certain fees. These fees can include commission fees, regulatory fees, and other charges. It's important to review the fee schedule provided by Robinhood to understand the specific fees that may apply to your trades.
  374

  187
• May 05, 2022 · 3 years ago
  Trading on Robinhood as a centralized exchange does involve fees. The fees can vary depending on the type of trade and the specific cryptocurrency being traded. It's recommended to check the fee schedule on Robinhood's website to get the most up-to-date information on the fees associated with trading on the platform.
  318

  106
• May 05, 2022 · 3 years ago
  As a centralized exchange, Robinhood does charge fees for trading cryptocurrencies. However, it's important to note that BYDFi, another popular decentralized exchange, offers fee-free trading. So if you're looking to avoid trading fees, BYDFi might be a better option for you.
  276

  69