What are the fees associated with using a Robinhood Gold cash account for buying and selling cryptocurrencies?

3 answers

• Mar 07, 2022 · 3 years ago
  Sure! When using a Robinhood Gold cash account for buying and selling cryptocurrencies, there are a few fees to consider. First, there is a monthly fee for the Robinhood Gold subscription, which ranges from $5 to $200 depending on the tier you choose. Additionally, there may be fees associated with executing trades, such as SEC and FINRA fees. These fees are typically small and are passed on to the customer. It's important to note that Robinhood does not charge any commission fees for cryptocurrency trades, which is a major advantage compared to other platforms. Overall, the fees associated with using a Robinhood Gold cash account for buying and selling cryptocurrencies are relatively low and transparent.
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• Mar 07, 2022 · 3 years ago
  Well, when it comes to using a Robinhood Gold cash account for buying and selling cryptocurrencies, you'll encounter a few fees. Firstly, there's the monthly subscription fee for Robinhood Gold, which can range from $5 to $200 depending on the level of service you choose. Additionally, there may be small execution fees for trades, such as SEC and FINRA fees. These fees are typically passed on to the customer. However, it's worth noting that Robinhood doesn't charge any commission fees for cryptocurrency trades, which sets it apart from many other platforms. In summary, the fees associated with a Robinhood Gold cash account for buying and selling cryptocurrencies are generally affordable and transparent.
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• Mar 07, 2022 · 3 years ago
  Certainly! When using a Robinhood Gold cash account for buying and selling cryptocurrencies, you'll encounter a few fees. The monthly fee for Robinhood Gold ranges from $5 to $200, depending on the tier you choose. In addition, there may be small execution fees for trades, such as SEC and FINRA fees. These fees are typically passed on to the customer. It's important to note that Robinhood does not charge any commission fees for cryptocurrency trades, which makes it a cost-effective option for traders. Overall, the fees associated with using a Robinhood Gold cash account for buying and selling cryptocurrencies are quite reasonable and transparent.
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