What are the fees and charges for trading crypto coins on Robinhood?
THITANUNT CHANEWDec 18, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees and charges associated with trading cryptocurrency on the Robinhood platform?
3 answers
- Dec 18, 2021 · 3 years agoSure! When it comes to trading crypto coins on Robinhood, there are a few fees and charges to be aware of. First, there are no commission fees for buying or selling cryptocurrency on Robinhood. However, Robinhood does make money through a process called 'payment for order flow,' where they receive a small amount of money from market makers for executing trades. Additionally, there may be fees associated with transferring funds to and from your Robinhood account. It's always a good idea to review the Robinhood fee schedule for the most up-to-date information.
- Dec 18, 2021 · 3 years agoTrading crypto on Robinhood is commission-free, which means you won't be charged any fees for buying or selling cryptocurrency. However, it's important to note that there may be other charges involved, such as fees for transferring funds to and from your Robinhood account. These fees can vary depending on the specific transaction and the amount being transferred. It's recommended to review the Robinhood fee schedule or contact their customer support for more detailed information.
- Dec 18, 2021 · 3 years agoWhen it comes to trading crypto coins on Robinhood, you'll be happy to know that there are no commission fees involved. That's right, you can buy and sell cryptocurrency without worrying about any additional charges. However, it's worth mentioning that there may be fees associated with transferring funds to and from your Robinhood account. These fees can vary depending on the method of transfer and the amount being transferred. For more specific details, you can refer to the Robinhood fee schedule on their website.
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