Are there any fees involved when cashing out cryptocurrency from Robinhood?

3 answers

• Dec 15, 2021 · 3 years ago
  Yes, there are fees involved when cashing out cryptocurrency from Robinhood. The exact fees depend on the specific cryptocurrency you are cashing out and the amount you are withdrawing. Robinhood charges a small percentage fee for each transaction, which is typically around 1-2%. Additionally, there may be network fees associated with the blockchain network used by the cryptocurrency you are withdrawing. It's important to review Robinhood's fee schedule and the specific cryptocurrency's network fees before cashing out to understand the total cost involved.
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• Dec 15, 2021 · 3 years ago
  Absolutely! Just like any other cryptocurrency exchange, Robinhood charges fees when you cash out your cryptocurrency. These fees are usually a percentage of the transaction amount and can vary depending on the specific cryptocurrency you are cashing out. It's always a good idea to check Robinhood's fee schedule to get an accurate understanding of the fees involved before making any withdrawals.
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• Dec 15, 2021 · 3 years ago
  Yes, there are fees when cashing out cryptocurrency from Robinhood. However, at BYDFi, we offer fee-free withdrawals for certain cryptocurrencies. So, if you're looking to avoid fees, you might consider using BYDFi as your preferred exchange for cashing out your cryptocurrency. Keep in mind that fees may still apply for certain cryptocurrencies or network fees, so it's always a good idea to review the specific details before making any withdrawals.
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