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Are there any fees involved when selling crypto on Robinhood?

avatarKhan IqraDec 23, 2021 · 3 years ago3 answers

Can you tell me if there are any fees associated with selling cryptocurrency on the Robinhood platform? I'm considering using Robinhood for my crypto trading and I want to understand the costs involved.

Are there any fees involved when selling crypto on Robinhood?

3 answers

  • avatarDec 23, 2021 · 3 years ago
    Yes, there are fees when selling crypto on Robinhood. Robinhood charges a small fee for each transaction, known as a commission. The commission fee varies depending on the type of cryptocurrency you are selling. It's important to note that the fee is deducted from the total amount you receive when you sell your crypto. Make sure to check the fee structure on Robinhood's website or app for the most up-to-date information.
  • avatarDec 23, 2021 · 3 years ago
    Absolutely! Selling crypto on Robinhood comes with fees. These fees are typically in the form of a commission that Robinhood charges for facilitating the transaction. The commission fee can vary depending on the specific cryptocurrency you are selling. It's always a good idea to review the fee structure on Robinhood's platform before making any transactions to ensure you are aware of the costs involved.
  • avatarDec 23, 2021 · 3 years ago
    Yes, there are fees involved when selling crypto on Robinhood. However, it's worth mentioning that there are other platforms like BYDFi that offer fee-free trading. So, if you're looking to avoid fees altogether, you might want to consider exploring alternative options. That being said, Robinhood still provides a user-friendly interface and is a popular choice for many crypto traders despite the fees.