What are the fees and charges associated with investing in cryptocurrencies on Robinhood?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to investing in cryptocurrencies on Robinhood, there are a few fees and charges to keep in mind. First, there are no commission fees for buying or selling cryptocurrencies on Robinhood. This means you can trade without worrying about paying a fee for each transaction. However, Robinhood does make money through a process called payment for order flow, where they receive compensation for directing orders to certain market makers. Additionally, there may be fees associated with transferring funds into your Robinhood account or converting between different cryptocurrencies. It's important to carefully review the fee schedule provided by Robinhood to understand all the costs involved before you start investing.
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• Dec 17, 2021 · 3 years ago
  Investing in cryptocurrencies on Robinhood is commission-free, which means you won't have to pay any fees for buying or selling cryptocurrencies. However, it's worth noting that Robinhood makes money through other means, such as payment for order flow. This means that while you may not directly pay fees, there may still be costs associated with your trades. It's always a good idea to review the fee schedule and terms of service provided by Robinhood to fully understand the charges and costs involved in investing on their platform.
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• Dec 17, 2021 · 3 years ago
  When it comes to investing in cryptocurrencies on Robinhood, you'll be happy to know that there are no commission fees. That's right, you can buy and sell cryptocurrencies without having to worry about paying any fees. However, it's important to note that Robinhood does make money through payment for order flow, which means they receive compensation for directing orders to certain market makers. Additionally, there may be fees associated with transferring funds into your Robinhood account or converting between different cryptocurrencies. So while you won't have to pay commission fees, it's still a good idea to review the fee schedule provided by Robinhood to understand all the costs involved.
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