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What are the fees for buying crypto in Robinhood?

avatarsakthivelDec 19, 2021 · 3 years ago3 answers

Can you please provide more details about the fees associated with buying cryptocurrencies on the Robinhood platform?

What are the fees for buying crypto in Robinhood?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Sure! When it comes to buying crypto on Robinhood, there are a few fees to keep in mind. First, there are no commission fees for buying or selling cryptocurrencies. However, Robinhood makes money through a process called payment for order flow, where they receive a small amount 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 fee schedule on Robinhood's website for the most up-to-date information.
  • avatarDec 19, 2021 · 3 years ago
    Buying crypto on Robinhood is commission-free, which means you won't be charged any fees for buying or selling cryptocurrencies. However, keep in mind that there may be other fees involved, such as those related to transferring funds or converting between different cryptocurrencies. It's important to read and understand Robinhood's fee schedule to know exactly what fees you may encounter.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to buying crypto on Robinhood, you'll be happy to know that there are no commission fees involved. Robinhood has a user-friendly interface that allows you to easily buy and sell cryptocurrencies without any additional charges. However, it's worth noting that there may be fees associated with transferring funds to and from your Robinhood account. Make sure to check Robinhood's fee schedule for the most accurate and up-to-date information on fees.