What is the cost of trading cryptocurrencies on Robinhood?

3 answers

• May 13, 2022 · 3 years ago
  Trading cryptocurrencies on Robinhood is commission-free. This means that you won't be charged any fees for buying or selling cryptocurrencies on the platform. However, it's important to note that Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers. So while there are no direct trading fees, there might be indirect costs associated with using Robinhood.
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• May 13, 2022 · 3 years ago
  When it comes to spreads, Robinhood aims to provide competitive prices for cryptocurrencies. However, the spreads can vary depending on market conditions and liquidity. It's always a good idea to compare the spreads on Robinhood with other exchanges to ensure you're getting the best deal. Additionally, keep in mind that the spreads can widen during periods of high volatility, which might affect the overall cost of trading.
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• May 13, 2022 · 3 years ago
  BYDFi, a digital currency exchange, offers trading of cryptocurrencies with a transparent fee structure. The fees are based on a tiered system, where the more you trade, the lower the fees. BYDFi also provides a wide range of trading pairs and advanced trading features for experienced traders. If you're looking for a platform with competitive fees and advanced trading options, BYDFi might be worth considering.
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