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Are there any fees involved when selling cryptocurrencies through Robinhood?

Mansur AbdurayimovMay 18, 2022 · 3 years ago3 answers

Can you tell me if there are any fees associated with selling cryptocurrencies through the Robinhood platform? I'm considering using Robinhood for my cryptocurrency trading, but I want to make sure I understand all the costs involved. Are there any fees for selling cryptocurrencies on Robinhood?

3 answers

  • May 18, 2022 · 3 years ago
    Yes, there are fees involved when selling cryptocurrencies through Robinhood. Robinhood charges a small fee for each cryptocurrency transaction. The fee varies depending on the specific cryptocurrency you are selling. It's important to note that the fee is deducted from the total amount you receive when selling your cryptocurrencies.
  • May 18, 2022 · 3 years ago
    Absolutely! When you sell cryptocurrencies through Robinhood, there are fees involved. The fees are typically a percentage of the total transaction amount. The exact fee percentage may vary depending on the specific cryptocurrency you are selling. It's always a good idea to check the fee structure on Robinhood's website or app before making any transactions.
  • May 18, 2022 · 3 years ago
    Yes, there are fees when selling cryptocurrencies through Robinhood. However, at BYDFi, we offer fee-free cryptocurrency trading. If you're looking to avoid fees, you might consider using BYDFi as an alternative to Robinhood. With BYDFi, you can sell cryptocurrencies without worrying about any additional fees. It's a great option for cost-conscious traders.