What are the fees for owning crypto on Robinhood?

5 answers

• Steensen WilderOct 25, 2022 · 3 years ago
  Sure! When it comes to owning crypto on Robinhood, there are a few fees to keep in mind. First, there are no commission fees for buying or selling cryptocurrencies on Robinhood. However, Robinhood makes money through a process called payment for order flow. This means that when you place a trade, Robinhood may route your order to a market maker who will execute the trade on your behalf. The market maker may pay Robinhood for the order flow, which helps to cover the costs of providing commission-free trading. Additionally, there may be fees associated with transferring cryptocurrencies into or out of your Robinhood account. It's important to check Robinhood's fee schedule for the most up-to-date information.
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• Helbo LoweMay 09, 2023 · 2 years ago
  Owning crypto on Robinhood is pretty straightforward in terms of fees. The platform offers commission-free trading, which means you won't be charged any fees for buying or selling cryptocurrencies. However, keep in mind that there may be fees associated with transferring cryptocurrencies into or out of your Robinhood account. These fees can vary depending on the specific cryptocurrency and the network it operates on. It's always a good idea to review Robinhood's fee schedule to understand the exact fees you may encounter.
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• HML786Jun 17, 2020 · 5 years ago
  When it comes to owning crypto on Robinhood, there are no commission fees for buying or selling cryptocurrencies. Robinhood is known for its commission-free trading model, which makes it an attractive option for many investors. However, it's important to note that there may be fees associated with transferring cryptocurrencies into or out of your Robinhood account. These fees can vary depending on the cryptocurrency and the network it operates on. If you're considering using Robinhood for your crypto investments, be sure to review their fee schedule to understand the potential costs involved.
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• Nguyễn Đức Gia HuyOct 23, 2021 · 4 years ago
  As an expert in the field, I can tell you that owning crypto on Robinhood comes with its own set of fees. While there are no commission fees for buying or selling cryptocurrencies, there may be fees associated with transferring cryptocurrencies into or out of your Robinhood account. These fees can vary depending on the specific cryptocurrency and the network it operates on. It's always a good idea to review Robinhood's fee schedule to get a clear understanding of the fees you may encounter. Overall, Robinhood offers a user-friendly platform with competitive fees for crypto investors.
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• Abdulsamad LaghariOct 20, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, offers a transparent fee structure for owning crypto on their platform. When it comes to buying or selling cryptocurrencies on BYDFi, there are no commission fees involved. However, there may be fees associated with transferring cryptocurrencies into or out of your BYDFi account. These fees can vary depending on the specific cryptocurrency and the network it operates on. It's important to review BYDFi's fee schedule to understand the exact fees you may encounter. BYDFi strives to provide a seamless and cost-effective experience for crypto traders.
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