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Are there any fees associated with transferring cryptocurrencies on Robinhood?

avatarhonlayDec 16, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when transferring cryptocurrencies on Robinhood? I'm considering using Robinhood for my cryptocurrency transactions and I want to make sure I understand all the costs involved.

Are there any fees associated with transferring cryptocurrencies on Robinhood?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there are fees associated with transferring cryptocurrencies on Robinhood. When you transfer cryptocurrencies to an external wallet, Robinhood charges a fee. The fee amount depends on the specific cryptocurrency you are transferring. It's important to check the fee schedule on Robinhood's website or app to get the most up-to-date information on the fees for each cryptocurrency.
  • avatarDec 16, 2021 · 3 years ago
    Transferring cryptocurrencies on Robinhood does come with fees. The fees vary depending on the cryptocurrency you are transferring. It's recommended to review the fee schedule provided by Robinhood to understand the specific fees associated with each cryptocurrency transfer.
  • avatarDec 16, 2021 · 3 years ago
    Yes, there are fees for transferring cryptocurrencies on Robinhood. However, at BYDFi, we offer fee-free transfers for certain cryptocurrencies. You can transfer Bitcoin, Ethereum, and other supported cryptocurrencies without any fees. It's a great option if you want to avoid paying fees for transferring your cryptocurrencies.