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What are the fees associated with buying fractional shares of cryptocurrencies on Robinhood?

avatarneesha mandalDec 18, 2021 · 3 years ago5 answers

Can you provide details on the fees that are charged when purchasing fractional shares of cryptocurrencies on the Robinhood platform?

What are the fees associated with buying fractional shares of cryptocurrencies on Robinhood?

5 answers

  • avatarDec 18, 2021 · 3 years ago
    When buying fractional shares of cryptocurrencies on Robinhood, there are a few fees to keep in mind. First, Robinhood charges a commission fee for each transaction. The commission fee varies depending on the size of the transaction and the type of cryptocurrency being purchased. Additionally, there may be fees associated with the exchange or network used to process the transaction. These fees can vary and are typically determined by the exchange or network, not Robinhood. It's important to review the fee schedule and terms of service provided by Robinhood and the specific exchange or network before making a purchase.
  • avatarDec 18, 2021 · 3 years ago
    Buying fractional shares of cryptocurrencies on Robinhood comes with some fees. Robinhood charges a commission fee for each transaction, which can vary depending on the size of the transaction and the specific cryptocurrency. In addition to the commission fee, there may be fees associated with the exchange or network used to process the transaction. These fees are determined by the exchange or network, not Robinhood. It's a good idea to review the fee schedule and terms of service provided by both Robinhood and the exchange or network before making any purchases.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to buying fractional shares of cryptocurrencies on Robinhood, there are a few fees involved. Robinhood charges a commission fee for each transaction, which can vary depending on the size of the transaction and the specific cryptocurrency. It's important to note that Robinhood itself does not charge any additional fees for buying fractional shares of cryptocurrencies. However, there may be fees associated with the exchange or network used to process the transaction. These fees are determined by the exchange or network, not Robinhood. It's always a good idea to review the fee schedule and terms of service provided by both Robinhood and the specific exchange or network before making any purchases.
  • avatarDec 18, 2021 · 3 years ago
    When you buy fractional shares of cryptocurrencies on Robinhood, there are some fees to consider. Robinhood charges a commission fee for each transaction, which can vary depending on the size of the transaction and the specific cryptocurrency. It's important to note that these fees are not set by Robinhood, but rather by the exchange or network used to process the transaction. Additionally, there may be fees associated with the exchange or network itself. It's a good idea to review the fee schedule and terms of service provided by both Robinhood and the specific exchange or network before making any purchases.
  • avatarDec 18, 2021 · 3 years ago
    When purchasing fractional shares of cryptocurrencies on Robinhood, it's important to be aware of the fees involved. Robinhood charges a commission fee for each transaction, which can vary depending on the size of the transaction and the specific cryptocurrency. It's worth noting that Robinhood does not charge any additional fees for buying fractional shares of cryptocurrencies. However, there may be fees associated with the exchange or network used to process the transaction. These fees are determined by the exchange or network, not Robinhood. It's recommended to review the fee schedule and terms of service provided by both Robinhood and the specific exchange or network before making any purchases.