Are there any fees or limitations when selling cryptocurrency on Robinhood and withdrawing money?

1 answers

• Dec 15, 2021 · 3 years ago
  When it comes to selling cryptocurrency on Robinhood and withdrawing money, there are a few things to consider. First, Robinhood charges a small fee for each transaction, which is typically around 0.5% of the total amount. This fee helps cover the costs of maintaining the platform and providing customer support. Additionally, there may be network fees associated with transferring the funds from Robinhood to your bank account. These fees are determined by the blockchain network and can vary depending on the current network congestion. As for limitations, Robinhood has certain withdrawal limits in place to ensure the security of user funds. These limits may vary depending on factors such as your account verification level and the type of cryptocurrency you are selling. It's important to keep these fees and limitations in mind when using Robinhood for cryptocurrency transactions.
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