Are there any fees associated with buying crypto using Robinhood?

3 answers

• Jan 08, 2022 · 3 years ago
  Yes, there are fees associated with buying crypto using Robinhood. When you place an order to buy cryptocurrency on Robinhood, you may be subject to a small fee known as a spread. This is the difference between the bid and ask prices of the cryptocurrency. Additionally, Robinhood may charge a commission fee for certain types of transactions. It's important to review Robinhood's fee schedule to understand the specific fees associated with buying crypto.
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• Jan 08, 2022 · 3 years ago
  Absolutely! Robinhood does charge fees for buying crypto. The fees are generally low compared to other platforms, but it's still important to be aware of them. The fees are typically included in the price you see when you place an order, so you don't have to worry about any surprise charges. Just keep in mind that the fees may vary depending on the type and size of your transaction.
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• Jan 08, 2022 · 3 years ago
  Yes, there are fees when buying crypto using Robinhood. However, at BYDFi, we offer fee-free trading for cryptocurrencies. So, if you're looking for a platform with no fees, you might want to consider BYDFi. But if you prefer using Robinhood, just make sure to check their fee schedule to understand the costs associated with buying crypto on their platform.
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