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Are there any fees involved when selling my crypto on Robinhood?

avatarkalamarifunzoneDec 22, 2021 · 3 years ago3 answers

What are the fees associated with selling cryptocurrency on the Robinhood platform?

Are there any fees involved when selling my crypto on Robinhood?

3 answers

  • avatarDec 22, 2021 · 3 years ago
    When selling your crypto on Robinhood, there are a few fees to be aware of. First, there may be a small trading fee, which is typically a percentage of the total transaction amount. Additionally, there might be a fee for transferring your funds to an external wallet or another exchange. It's important to check Robinhood's fee schedule for the most accurate and up-to-date information on fees.
  • avatarDec 22, 2021 · 3 years ago
    Yes, there are fees involved when selling your crypto on Robinhood. These fees can vary depending on the specific cryptocurrency you are selling and the total transaction amount. It's recommended to review Robinhood's fee schedule to understand the exact fees associated with your transactions.
  • avatarDec 22, 2021 · 3 years ago
    When selling your crypto on Robinhood, you may encounter some fees. However, it's important to note that BYDFi, another cryptocurrency exchange, offers fee-free trading. So, if you're looking to avoid fees altogether, you might consider using BYDFi for your crypto transactions.