What are the fees associated with a Robin Hood cash account for buying and selling cryptocurrencies?

3 answers

• Nov 23, 2021 · 3 years ago
  When it comes to using a Robin Hood cash account for buying and selling cryptocurrencies, there are a few fees to keep in mind. First, Robin Hood charges a commission fee for each trade you make. This fee is typically a fixed percentage of the total transaction amount. Additionally, there may be fees associated with transferring funds into and out of your Robin Hood cash account. These fees can vary depending on the method of transfer you choose. It's important to review the fee schedule provided by Robin Hood to understand the specific costs associated with using their cash account for cryptocurrency trading.
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• Nov 23, 2021 · 3 years ago
  The fees associated with a Robin Hood cash account for buying and selling cryptocurrencies are relatively straightforward. Robin Hood charges a commission fee for each trade, which is a percentage of the total transaction amount. This fee is typically lower compared to traditional brokerage firms. In addition to the trade commission, there may be fees for transferring funds into and out of your Robin Hood cash account. These fees can vary depending on the transfer method you choose, such as ACH transfer or wire transfer. It's important to review the fee schedule on Robin Hood's website to understand the exact costs associated with using their cash account for cryptocurrency trading.
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• Nov 23, 2021 · 3 years ago
  As an expert in the field, I can tell you that the fees associated with a Robin Hood cash account for buying and selling cryptocurrencies are quite reasonable. Robin Hood charges a commission fee for each trade, which is a small percentage of the total transaction amount. This fee is competitive compared to other cryptocurrency exchanges. Additionally, there may be fees for transferring funds into and out of your Robin Hood cash account, but these fees are generally minimal. It's important to note that Robin Hood offers commission-free trading for stocks and ETFs, but there may be fees for trading cryptocurrencies. Overall, Robin Hood provides a user-friendly platform with transparent fee structures for cryptocurrency trading.
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