What are the fees and charges associated with trading cryptocurrencies on Coinbase and Robinhood?

4 answers

• Dec 18, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on Coinbase and Robinhood, there are certain fees and charges that you should be aware of. Coinbase charges a fee for each transaction, which is based on the size of the transaction and the payment method used. The fees can range from 1.49% to 3.99% depending on the transaction amount and payment method. Additionally, Coinbase also charges a spread, which is the difference between the buying and selling price of a cryptocurrency. On the other hand, Robinhood offers commission-free trading for cryptocurrencies, which means that you won't be charged any fees for buying or selling cryptocurrencies. However, Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers. It's important to carefully review the fee structure of each platform and consider your trading needs before making a decision.
  899450
• Dec 18, 2021 · 3 years ago
  Trading cryptocurrencies on Coinbase and Robinhood comes with its own set of fees and charges. Coinbase charges a fee for each transaction, which is based on the size of the transaction and the payment method used. The fees can range from 1.49% to 3.99% depending on the transaction amount and payment method. In addition to transaction fees, Coinbase also charges a spread, which is the difference between the buying and selling price of a cryptocurrency. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. This means that you won't be charged any fees for buying or selling cryptocurrencies on the platform. However, it's important to note that Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers. So while the trading itself may be free, there may still be indirect costs associated with using Robinhood.
  903301
• Dec 18, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on Coinbase and Robinhood, the fees and charges can vary. Coinbase charges a fee for each transaction, which is based on the size of the transaction and the payment method used. The fees can range from 1.49% to 3.99% depending on the transaction amount and payment method. Additionally, Coinbase also charges a spread, which is the difference between the buying and selling price of a cryptocurrency. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. This means that you won't be charged any fees for buying or selling cryptocurrencies on the platform. However, it's important to note that Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers. So while the trading itself may be free, there may still be indirect costs associated with using Robinhood. As for BYDFi, they have their own fee structure which you can find on their website. It's always a good idea to compare the fees and charges of different platforms before making a decision.
  1079270
• Dec 18, 2021 · 3 years ago
  Trading cryptocurrencies on Coinbase and Robinhood involves certain fees and charges. Coinbase charges a fee for each transaction, which is based on the size of the transaction and the payment method used. The fees can range from 1.49% to 3.99% depending on the transaction amount and payment method. In addition to transaction fees, Coinbase also charges a spread, which is the difference between the buying and selling price of a cryptocurrency. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. This means that you won't be charged any fees for buying or selling cryptocurrencies on the platform. However, it's important to note that Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers. So while the trading itself may be free, there may still be indirect costs associated with using Robinhood. It's always a good idea to carefully review the fee structure of each platform and consider your trading needs before making a decision.
  1031207