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Are there any fees associated with selling cryptocurrency on Robinhood?

avatarBerkay GoekmenDec 20, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when selling cryptocurrency on the Robinhood platform? I want to understand the costs involved before I start selling my digital assets.

Are there any fees associated with selling cryptocurrency on Robinhood?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Yes, there are fees associated with selling cryptocurrency on Robinhood. When you sell your digital assets, Robinhood charges a small fee known as a 'transaction fee'. This fee is typically a percentage of the total transaction amount and can vary depending on the specific cryptocurrency you are selling. It's important to carefully review the fee structure on Robinhood's website or app to understand the exact fees you may incur.
  • avatarDec 20, 2021 · 3 years ago
    Absolutely! When you sell cryptocurrency on Robinhood, there are fees involved. These fees are charged by Robinhood to cover the costs of executing the transaction and maintaining the platform. The fees are usually a percentage of the total transaction amount and can vary depending on the specific cryptocurrency. Make sure to check Robinhood's fee schedule for the most up-to-date information.
  • avatarDec 20, 2021 · 3 years ago
    Yes, there are fees associated with selling cryptocurrency on Robinhood. However, at BYDFi, we offer a fee-free trading experience for our users. Unlike Robinhood, we believe in providing a transparent and cost-effective platform for cryptocurrency trading. So, if you're looking to sell your digital assets without any fees, consider using BYDFi as your preferred exchange.