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Are the fees for trading crypto on Robinhood higher or lower than on Coinbase?

avatarKshitiz ChaturvediDec 18, 2021 · 3 years ago3 answers

When it comes to trading cryptocurrencies, many people wonder whether the fees on Robinhood are higher or lower compared to Coinbase. Can you provide some insights into the fee structures of these two popular platforms?

Are the fees for trading crypto on Robinhood higher or lower than on Coinbase?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    The fees for trading crypto on Robinhood and Coinbase differ in several ways. While Robinhood offers commission-free trading, Coinbase charges fees for both buying and selling cryptocurrencies. However, Coinbase provides more advanced features and a wider range of cryptocurrencies to trade. So, if you're a beginner looking for a simple and cost-effective way to trade, Robinhood might be a better option. On the other hand, if you're an experienced trader and willing to pay fees for additional features and a larger selection of cryptocurrencies, Coinbase could be the right choice.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to fees for trading crypto, Robinhood and Coinbase have different approaches. Robinhood offers commission-free trading, which means you won't be charged any fees for buying or selling cryptocurrencies. On the other hand, Coinbase charges fees that vary depending on the transaction amount and payment method. So, if you're looking to save on fees and prefer a straightforward trading experience, Robinhood could be the better option for you.
  • avatarDec 18, 2021 · 3 years ago
    While I can't speak for Robinhood or Coinbase, I can tell you that at BYDFi, we believe in providing our users with a transparent fee structure. We offer competitive fees for trading cryptocurrencies, and our goal is to ensure that our users have a seamless trading experience. If you're interested in trading crypto with low fees and a user-friendly platform, you might want to consider BYDFi as an alternative to Robinhood and Coinbase.