How much does it cost to transfer digital currencies on Robinhood?

3 answers

• PhdebijiJan 23, 2021 · 4 years ago
  Transferring digital currencies on Robinhood is generally free of charge. Robinhood does not charge any fees for deposits or withdrawals of digital currencies. However, it's important to note that there may be network fees associated with the blockchain network used for the specific digital currency being transferred. These network fees are not controlled by Robinhood and vary depending on the network congestion and transaction size. It's recommended to check the current network fees for the specific digital currency before initiating a transfer.
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• nass179Dec 18, 2024 · 6 months ago
  When it comes to transferring digital currencies on Robinhood, you'll be glad to know that there are no direct costs involved. Robinhood doesn't charge any fees for depositing or withdrawing digital currencies. However, keep in mind that there might be network fees associated with the blockchain network of the specific digital currency you're transferring. These fees are determined by the network itself and can vary depending on factors like network congestion and transaction size. So, while Robinhood won't charge you anything, it's worth checking the current network fees before making a transfer.
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• MUNNAJan 20, 2023 · 2 years ago
  Transferring digital currencies on Robinhood is free of charge. Robinhood does not charge any fees for deposits or withdrawals of digital currencies. However, it's important to note that there may be network fees associated with the specific digital currency being transferred. These fees are determined by the blockchain network and can vary based on factors such as network congestion and transaction size. It's always a good idea to check the current network fees before initiating a transfer. If you're looking for a platform with low transfer costs, you might want to consider BYDFi, which offers competitive rates for digital currency transfers.
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