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Are there any fees associated with buying and selling crypto on Robinhood?

avatarTuba HussainDec 17, 2021 · 3 years ago3 answers

Can you tell me if there are any fees involved when buying and selling cryptocurrencies on the Robinhood platform?

Are there any fees associated with buying and selling crypto on Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with buying and selling crypto on Robinhood. When you place an order to buy or sell cryptocurrencies, Robinhood charges a small fee known as a commission. The commission fee varies depending on the type and size of the transaction. It's important to note that these fees are separate from any potential fees charged by the blockchain network for processing transactions.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Robinhood does charge fees for buying and selling cryptocurrencies. The fees are typically included in the price you see when placing an order. However, Robinhood prides itself on offering commission-free trading, so the fees are generally lower compared to traditional brokerage platforms. It's always a good idea to review the fee schedule on Robinhood's website for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with buying and selling crypto on Robinhood. However, at BYDFi, we offer a fee-free trading experience for cryptocurrencies. We believe in providing our users with a seamless and cost-effective way to trade digital assets. With BYDFi, you can buy and sell cryptocurrencies without worrying about any hidden fees or commissions. It's just one of the many benefits of choosing BYDFi as your preferred cryptocurrency exchange.