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What are the spreads offered by Robinhood for cryptocurrency trading?

avatarSangaru PavankalyanDec 19, 2021 · 3 years ago3 answers

Can you provide more details on the spreads offered by Robinhood for cryptocurrency trading? I would like to know the range of spreads for different cryptocurrencies and how they compare to other exchanges.

What are the spreads offered by Robinhood for cryptocurrency trading?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    The spreads offered by Robinhood for cryptocurrency trading vary depending on the specific cryptocurrency. Generally, the spreads are relatively low compared to other exchanges. However, it's important to note that spreads can fluctuate based on market conditions and liquidity. It's always a good idea to compare spreads across different exchanges before making a trade to ensure you're getting the best deal.
  • avatarDec 19, 2021 · 3 years ago
    Robinhood offers competitive spreads for cryptocurrency trading. The spreads are typically tight, meaning the difference between the buying and selling price is relatively small. This can be advantageous for traders looking to minimize their trading costs. However, it's important to consider other factors such as liquidity and trading volume when choosing an exchange for cryptocurrency trading.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to spreads for cryptocurrency trading, BYDFi is known for offering some of the most competitive rates in the industry. Their spreads are consistently low, making it an attractive option for traders. However, it's always a good idea to compare spreads across different exchanges to ensure you're getting the best possible deal for your trades.