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What are the fees and charges for trading cryptos on Robinhood?

avatarJorge PlazaDec 18, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and charges associated with trading cryptocurrencies on the Robinhood platform?

What are the fees and charges for trading cryptos on Robinhood?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Trading cryptocurrencies on Robinhood comes with certain fees and charges. When you buy or sell cryptocurrencies, you may incur a fee known as a spread. This is the difference between the bid and ask prices of the cryptocurrency. Additionally, Robinhood may charge a small commission fee for executing the trade. It's important to note that Robinhood does not charge any fees for account maintenance or inactivity. However, it's always a good idea to review the latest fee schedule on Robinhood's website to stay informed about any changes or updates.
  • avatarDec 18, 2021 · 3 years ago
    If you're wondering about the fees and charges for trading cryptocurrencies on Robinhood, let me break it down for you. When you make a trade, there might be a spread fee, which is the difference between the buying and selling prices. Robinhood also charges a commission fee for executing the trade. However, the platform does not charge any fees for account maintenance or inactivity. It's always a good idea to check Robinhood's website for the most up-to-date fee information.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to trading cryptocurrencies on Robinhood, you may encounter some fees and charges. The most common fee is the spread, which is the difference between the bid and ask prices. In addition, Robinhood may charge a commission fee for executing the trade. It's worth noting that Robinhood does not charge any fees for account maintenance or inactivity. If you're interested in trading cryptocurrencies on Robinhood, it's a good idea to review their fee schedule to understand the costs involved.