What are the fees and charges associated with using the Robinhood app for buying and selling cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  When using the Robinhood app for buying and selling cryptocurrencies, there are a few fees and charges to be aware of. First, there are no commission fees for trading cryptocurrencies on Robinhood. This means you can buy and sell cryptocurrencies without paying any fees. However, Robinhood does charge a spread, which is the difference between the bid and ask prices of a cryptocurrency. This spread can vary depending on market conditions and the specific cryptocurrency you are trading. Additionally, Robinhood may charge fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's important to review the Robinhood fee schedule for the most up-to-date information on these charges.
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• Dec 17, 2021 · 3 years ago
  The fees and charges associated with using the Robinhood app for buying and selling cryptocurrencies are relatively low compared to other platforms. Robinhood offers commission-free trading, which means you can buy and sell cryptocurrencies without paying any fees. However, there is a spread, which is the difference between the bid and ask prices of a cryptocurrency. This spread can vary depending on market conditions and the specific cryptocurrency you are trading. Additionally, there may be fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's important to review the Robinhood fee schedule for the most accurate and up-to-date information on these charges.
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• Dec 17, 2021 · 3 years ago
  When it comes to fees and charges associated with using the Robinhood app for buying and selling cryptocurrencies, it's important to note that Robinhood itself does not charge any commission fees for trading cryptocurrencies. This means you can buy and sell cryptocurrencies without incurring any additional costs. However, it's worth mentioning that Robinhood does charge a spread, which is the difference between the bid and ask prices of a cryptocurrency. This spread can vary depending on market conditions and the specific cryptocurrency you are trading. Additionally, there may be fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's always a good idea to review the Robinhood fee schedule to understand the specific charges associated with your transactions.
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