What is the percentage fee that Robinhood applies to cryptocurrency transactions?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! Robinhood charges a percentage fee for cryptocurrency transactions. The exact percentage varies depending on the specific transaction and the type of cryptocurrency involved. It is important to note that Robinhood does not charge any commission fees for cryptocurrency trading. However, they do make money through a process called 'payment for order flow,' where they receive a small fee from market makers for executing trades. This fee is included in the price you see when placing a trade on Robinhood. So, while there may not be a direct percentage fee, the price you pay for the cryptocurrency already includes the fee.
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• Nov 24, 2021 · 3 years ago
  The percentage fee charged by Robinhood for cryptocurrency transactions differs for each transaction. It depends on factors such as the type of cryptocurrency, the market conditions, and the size of the transaction. Robinhood aims to provide competitive pricing and transparent fees to its users. It is always recommended to check the latest fee structure on the Robinhood website or app for accurate and up-to-date information.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a digital currency exchange, charges a flat fee of 0.1% for all cryptocurrency transactions. This fee is applied to both buy and sell orders. It is important to note that BYDFi offers a secure and user-friendly platform for trading cryptocurrencies. They also provide a wide range of cryptocurrencies to choose from, ensuring that users have access to a diverse portfolio. If you are looking for a reliable and cost-effective platform for cryptocurrency trading, BYDFi is definitely worth considering.
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