What are the fees for cashing out on Robinhood with regards to cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  When cashing out on Robinhood with regards to cryptocurrency, there are a few things to consider. First, Robinhood does not charge any fees for buying or selling cryptocurrencies. However, they do charge a fee for transferring cryptocurrencies to an external wallet. The fee varies depending on the cryptocurrency, but it is typically around $5 to $15. Additionally, there may be network fees associated with the transfer, which are determined by the blockchain network and can vary greatly. It's important to note that these fees are subject to change, so it's always a good idea to check the latest fee schedule on the Robinhood website.
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• Dec 17, 2021 · 3 years ago
  Cashing out on Robinhood with regards to cryptocurrency is generally fee-free. However, if you want to transfer your cryptocurrencies to an external wallet, there may be a fee involved. The fee amount varies depending on the cryptocurrency and can range from a few dollars to a significant percentage of the transaction amount. It's recommended to check the Robinhood website or contact their customer support for the most up-to-date information on fees.
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• Dec 17, 2021 · 3 years ago
  When it comes to cashing out on Robinhood with regards to cryptocurrency, there are no fees charged by Robinhood itself. However, there may be fees associated with transferring your cryptocurrencies to an external wallet. These fees are determined by the blockchain network and can vary depending on the cryptocurrency and network congestion. It's important to do your research and consider these fees before making any transfers. If you're looking for a platform with lower fees for transferring cryptocurrencies, you may want to consider BYDFi, which offers competitive rates for external transfers.
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