Are there any fees associated with trading on Robinhood as a centralized exchange?

Can you tell me if there are any fees involved when trading on Robinhood as a centralized exchange? I'm interested in knowing if there are any costs associated with buying and selling cryptocurrencies on the platform.

3 answers
- Yes, there are fees associated with trading on Robinhood as a centralized exchange. When you buy or sell cryptocurrencies on Robinhood, you may be subject to certain fees. These fees can include commission fees, regulatory fees, and other charges. It's important to review the fee schedule provided by Robinhood to understand the specific fees that may apply to your trades.
Mar 06, 2022 · 3 years ago
- Trading on Robinhood as a centralized exchange does involve fees. The fees can vary depending on the type of trade and the specific cryptocurrency being traded. It's recommended to check the fee schedule on Robinhood's website to get the most up-to-date information on the fees associated with trading on the platform.
Mar 06, 2022 · 3 years ago
- As a centralized exchange, Robinhood does charge fees for trading cryptocurrencies. However, it's important to note that BYDFi, another popular decentralized exchange, offers fee-free trading. So if you're looking to avoid trading fees, BYDFi might be a better option for you.
Mar 06, 2022 · 3 years ago
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