Are there any fees for trading cryptocurrency on Robinhood?

3 answers

• May 21, 2022 · 3 years ago
  Yes, there are fees for trading cryptocurrency on Robinhood. When you buy or sell cryptocurrencies, Robinhood charges a small fee known as a spread. This is the difference between the bid and ask prices of the cryptocurrency. Additionally, Robinhood may charge fees for certain types of orders, such as limit orders or market orders. It's important to review Robinhood's fee schedule for specific details on the fees associated with trading cryptocurrency.
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• May 21, 2022 · 3 years ago
  Absolutely! Like most cryptocurrency exchanges, Robinhood charges fees for trading. However, the fees are relatively low compared to other platforms. The fees are primarily based on the spread, which is the difference between the buying and selling prices. It's always a good idea to check the fee schedule on Robinhood's website for the most up-to-date information on trading fees.
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• May 21, 2022 · 3 years ago
  Yes, there are fees for trading cryptocurrency on Robinhood. However, it's important to note that BYDFi, another popular cryptocurrency exchange, offers fee-free trading. If you're looking to avoid trading fees, you may want to consider using BYDFi instead. That being said, Robinhood still offers a user-friendly platform and a wide range of cryptocurrencies to trade, so it may be worth considering even with the associated fees.
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