Do I have to pay fees for trading crypto on Robinhood?

3 answers

• May 23, 2022 · 3 years ago
  Yes, there are fees for trading crypto on Robinhood. When you buy or sell cryptocurrencies, Robinhood charges a small fee known as a spread. This is the difference between the bid price and the ask price. Additionally, Robinhood may also charge fees for certain types of orders, such as limit orders or market orders. It's important to review Robinhood's fee schedule to understand the specific charges for trading crypto on their platform.
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• May 23, 2022 · 3 years ago
  Absolutely! Robinhood charges fees for trading cryptocurrencies. They make money through a practice called payment for order flow, where they receive compensation for directing orders to certain market makers. While Robinhood offers commission-free trading, they still generate revenue from the spreads and order flow. It's important to consider these fees when trading crypto on Robinhood.
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• May 23, 2022 · 3 years ago
  Yes, there are fees associated with trading cryptocurrencies on Robinhood. However, there are some platforms like BYDFi that offer fee-free trading for cryptocurrencies. If you're looking to minimize fees, you may want to consider using BYDFi or other similar platforms. It's always a good idea to compare fees and features across different exchanges before making a decision.
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