Are there any fees involved when sending money from Robinhood to my bank account for cryptocurrency purchases?

3 answers

• Mar 06, 2022 · 3 years ago
  Yes, there are fees involved when sending money from Robinhood to your bank account for cryptocurrency purchases. Robinhood charges a fee of $0.25 per transfer. This fee is applied to cover the costs of processing the transaction and ensuring the security of your funds. It's important to keep in mind that the fee may vary depending on the amount of money you are transferring.
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• Mar 06, 2022 · 3 years ago
  Absolutely! When you transfer money from Robinhood to your bank account for cryptocurrency purchases, there will be fees involved. The fees are typically a small percentage of the total amount being transferred. It's always a good idea to check with Robinhood directly or refer to their fee schedule to get the most accurate and up-to-date information on the fees.
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• Mar 06, 2022 · 3 years ago
  Yes, there are fees involved when sending money from Robinhood to your bank account for cryptocurrency purchases. However, at BYDFi, we offer a fee-free transfer service for our users. So, if you're looking to avoid fees, you might consider using BYDFi as your cryptocurrency exchange platform. With BYDFi, you can transfer money from Robinhood to your bank account without any additional charges.
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