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Are there any fees involved when transferring cryptocurrencies from Robinhood to Fidelity?

avatarJulianne FarlowDec 16, 2021 · 3 years ago3 answers

I want to transfer my cryptocurrencies from Robinhood to Fidelity. Are there any fees involved in this process? What should I be aware of before initiating the transfer?

Are there any fees involved when transferring cryptocurrencies from Robinhood to Fidelity?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    When transferring cryptocurrencies from Robinhood to Fidelity, there might be fees involved. It is important to check with both platforms to understand their specific fee structures. Robinhood may charge a fee for transferring cryptocurrencies out of their platform, while Fidelity might have its own fee for receiving cryptocurrencies. It is recommended to review the fee schedules of both platforms and consider the potential costs before initiating the transfer.
  • avatarDec 16, 2021 · 3 years ago
    Transferring cryptocurrencies from Robinhood to Fidelity may incur certain fees. It is advisable to consult the fee policies of both platforms to determine the exact charges involved. Robinhood may impose a fee for transferring cryptocurrencies out of their platform, while Fidelity may have its own fee for receiving cryptocurrencies. It is crucial to be aware of these fees and factor them into your decision-making process.
  • avatarDec 16, 2021 · 3 years ago
    When transferring cryptocurrencies from Robinhood to Fidelity, it is important to note that Robinhood might charge a fee for the transfer. However, Fidelity does not charge any fees for receiving cryptocurrencies. Therefore, you will only incur a fee from Robinhood's end. Make sure to review Robinhood's fee schedule to understand the exact amount you will be charged for the transfer.