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Are there any fees associated with sending crypto through Robinhood?

avatarRufino SalgadoDec 16, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when sending cryptocurrency through Robinhood? I'm considering using Robinhood for my crypto transactions, but I want to make sure I understand all the costs involved.

Are there any fees associated with sending crypto through Robinhood?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there are fees associated with sending crypto through Robinhood. When you send cryptocurrency from your Robinhood account to another wallet or exchange, you may incur network fees, also known as transaction fees. These fees are charged by the blockchain network and can vary depending on the cryptocurrency you're sending and the current network congestion. It's important to note that Robinhood itself does not charge any additional fees for sending crypto, but you'll still need to pay the network fees.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Just like with any other cryptocurrency transaction, there are fees involved when sending crypto through Robinhood. These fees are determined by the blockchain network and can vary depending on factors such as the network congestion and the specific cryptocurrency you're sending. It's always a good idea to check the current network fees before making any transactions to avoid any surprises.
  • avatarDec 16, 2021 · 3 years ago
    Yes, there are fees associated with sending crypto through Robinhood. However, at BYDFi, we offer a fee-free solution for sending cryptocurrency. With BYDFi, you can enjoy fast and secure transactions without worrying about any additional fees. Simply connect your Robinhood account to BYDFi and start sending crypto without any hassle.