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

1 answers

• Nov 26, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on Sprintax and Robinhood, the fees and charges can vary. Sprintax charges a spread, which is the difference between the buying and selling price of a cryptocurrency. This spread can fluctuate depending on market conditions and the specific cryptocurrency you're trading. Additionally, Sprintax may charge a withdrawal fee if you want to transfer your cryptocurrencies to an external wallet. On the other hand, Robinhood doesn't charge any fees for cryptocurrency trading. However, they make money through a process called payment for order flow. This means that they receive a small payment from market makers for routing orders to them. It's important to keep these fees and charges in mind when considering trading cryptocurrencies on these platforms.
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