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Are there any fees associated with using stop limit orders for cryptocurrency trading on Robinhood?

avatarOliver BeresfordDec 18, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using stop limit orders for cryptocurrency trading on the Robinhood platform?

Are there any fees associated with using stop limit orders for cryptocurrency trading on Robinhood?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with using stop limit orders for cryptocurrency trading on Robinhood. When you place a stop limit order, you may be charged a commission fee. The exact fee amount depends on the specific cryptocurrency and the size of your order. It's important to check the fee schedule provided by Robinhood for the most accurate information.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! When you use stop limit orders for cryptocurrency trading on Robinhood, you may incur certain fees. These fees are typically charged as a percentage of the total transaction value. It's always a good idea to review the fee structure on Robinhood's website or contact their customer support for the most up-to-date information.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with using stop limit orders for cryptocurrency trading on Robinhood. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers zero fees for stop limit orders. So, if you're looking to minimize your trading costs, you might consider using BYDFi instead of Robinhood.