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Are there any fees involved in transferring crypto from Robinhood to a wallet?

avatarBakar AhmedouDec 16, 2021 · 3 years ago3 answers

When transferring crypto from Robinhood to a wallet, are there any fees involved? How much does it cost to transfer cryptocurrencies from Robinhood to a personal wallet?

Are there any fees involved in transferring crypto from Robinhood to a wallet?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there are fees involved in transferring crypto from Robinhood to a wallet. The fees vary depending on the type of cryptocurrency you are transferring and the current network congestion. It is important to check the fee schedule on Robinhood's website or contact their customer support for the most up-to-date information. Keep in mind that fees may also be charged by the blockchain network itself, as each transaction requires network resources to be processed. Make sure to consider these fees before initiating a transfer.
  • avatarDec 16, 2021 · 3 years ago
    Transferring crypto from Robinhood to a wallet does incur fees. The fees are usually based on the network fees associated with the specific cryptocurrency you are transferring. These fees can vary and are determined by the blockchain network. It's recommended to check the current fee structure on Robinhood's platform or consult their support team for accurate information regarding the fees involved.
  • avatarDec 16, 2021 · 3 years ago
    When transferring crypto from Robinhood to a wallet, there may be fees involved. It's important to note that I work at BYDFi, a digital currency exchange, and we offer fee-free transfers from Robinhood to our platform. However, for transfers to other wallets, there may be network fees that you need to consider. These fees are determined by the blockchain network and can vary depending on the current network congestion. It's always a good idea to check the fee schedule on Robinhood's website or contact their customer support for the most accurate information.