Are there any fees associated with using stop limit orders for cryptocurrency trading on Robinhood?
Oliver 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?
3 answers
- Dec 18, 2021 · 3 years agoYes, 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.
- Dec 18, 2021 · 3 years agoAbsolutely! 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.
- Dec 18, 2021 · 3 years agoYes, 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.
Related Tags
Hot Questions
- 88
Are there any special tax rules for crypto investors?
- 61
What is the future of blockchain technology?
- 59
How can I protect my digital assets from hackers?
- 55
What are the advantages of using cryptocurrency for online transactions?
- 49
How can I buy Bitcoin with a credit card?
- 45
How does cryptocurrency affect my tax return?
- 40
What are the tax implications of using cryptocurrency?
- 29
What are the best practices for reporting cryptocurrency on my taxes?