Are there any fees or charges for buying and selling cryptocurrencies on Robinhood?
Trần Phan Thành VinhMay 23, 2022 · 3 years ago3 answers
Can you tell me if there are any fees or charges associated with buying and selling cryptocurrencies on the Robinhood platform? I'm interested in knowing if there are any costs involved before I start trading.
3 answers
- May 23, 2022 · 3 years agoYes, there are fees and charges for buying and selling cryptocurrencies on Robinhood. When you place a trade, Robinhood charges a small fee called a spread. This is the difference between the bid and ask prices of the cryptocurrency. Additionally, there may be fees associated with transferring funds to and from your Robinhood account. It's important to review Robinhood's fee schedule for more detailed information on the specific charges.
- May 23, 2022 · 3 years agoAbsolutely! Robinhood does charge fees for buying and selling cryptocurrencies. The fees are typically included in the spread, which is the difference between the buying and selling prices. Additionally, there may be fees for transferring funds in and out of your Robinhood account. It's always a good idea to review the fee schedule to understand the costs involved before making any trades.
- May 23, 2022 · 3 years agoYes, there are fees and charges for buying and selling cryptocurrencies on Robinhood. The fees are generally included in the spread, which is the difference between the buy and sell prices. It's important to note that the fees may vary depending on the specific cryptocurrency you're trading. For a complete understanding of the fees and charges, I recommend visiting Robinhood's website or contacting their customer support for more information.
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