Are there any fees associated with using Revolut or Robinhood for cryptocurrency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, both Revolut and Robinhood charge fees for cryptocurrency trading. Revolut charges a 1.5% markup on the exchange rate for cryptocurrency transactions. Additionally, there may be fees for certain premium features and services. On the other hand, Robinhood does not charge any commission fees for cryptocurrency trades. However, they may generate revenue from other sources like order flow, interest on cash balances, and selling order information to market makers.
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• Dec 18, 2021 · 3 years ago
  When it comes to fees, Revolut and Robinhood have different approaches. Revolut applies a markup on the exchange rate, which means you may not get the exact market rate when buying or selling cryptocurrencies. On the other hand, Robinhood does not charge any commission fees for cryptocurrency trades, which can be beneficial for frequent traders.
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• Dec 18, 2021 · 3 years ago
  While Revolut charges a markup on the exchange rate for cryptocurrency transactions, Robinhood does not charge any commission fees. However, it's worth noting that there may be other costs associated with using different platforms, such as withdrawal fees or fees for premium features. If you're looking for a platform with no commission fees, Robinhood could be a good option for you.
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