Are there any fees for buying cryptocurrency on Robinhood?

3 answers

• May 12, 2022 · 3 years ago
  Yes, there are fees for buying cryptocurrency on Robinhood. When you place an order to buy digital assets, Robinhood charges a small fee known as a spread. This spread is the difference between the bid and ask prices of the cryptocurrency. Additionally, Robinhood may charge a fee for certain types of orders, such as market orders or limit orders. It's important to review Robinhood's fee schedule to understand the specific costs associated with buying cryptocurrency on their platform.
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• May 12, 2022 · 3 years ago
  Absolutely! Robinhood does charge fees for buying cryptocurrency. The fees vary depending on the specific transaction and the type of order you place. It's important to note that Robinhood's fee structure is transparent and can be easily accessed on their website or mobile app. Make sure to review the fee schedule before making any transactions to avoid any surprises.
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• May 12, 2022 · 3 years ago
  Yes, there are fees for buying cryptocurrency on Robinhood. However, at BYDFi, we offer fee-free trading for certain digital assets. So, if you're looking for a platform with no fees, you might want to consider BYDFi as an alternative to Robinhood. Keep in mind that fees can vary depending on the specific cryptocurrency and the type of order you place, so it's always a good idea to review the fee schedule before making any transactions.
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