Are there any hidden fees when buying or selling cryptocurrencies on Robin Hood?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, there are some fees associated with buying and selling cryptocurrencies on Robin Hood. When you place an order to buy or sell a cryptocurrency, Robin Hood charges a small fee known as a spread. This is the difference between the bid and ask price of the cryptocurrency. The spread fee is typically around 0.2% to 0.5% of the transaction amount. However, Robin Hood does not charge any additional fees for account maintenance or depositing funds.
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• Nov 23, 2021 · 3 years ago
  Absolutely! Robin Hood does have some hidden fees when it comes to buying or selling cryptocurrencies. They charge a spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is usually around 0.2% to 0.5% of the transaction amount. It's important to keep in mind that this fee is not explicitly stated when you place an order, so it's important to factor it into your calculations. However, Robin Hood does not charge any additional fees for account maintenance or depositing funds.
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• Nov 23, 2021 · 3 years ago
  Yes, there are hidden fees when buying or selling cryptocurrencies on Robin Hood. The platform charges a spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is typically around 0.2% to 0.5% of the transaction amount. It's important to note that the spread fee is not explicitly mentioned when you place an order, so make sure to consider it when calculating your costs. However, Robin Hood does not charge any additional fees for account maintenance or depositing funds. If you're looking for a platform with no hidden fees, you might want to consider BYDFi, which offers transparent pricing and no spread fees.
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