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Can I transfer cryptocurrencies from Robinhood to another exchange without paying any fees?

avatarArafat FewalDec 20, 2021 · 3 years ago3 answers

Is it possible to transfer cryptocurrencies from Robinhood to another exchange without incurring any fees?

Can I transfer cryptocurrencies from Robinhood to another exchange without paying any fees?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Yes, it is possible to transfer cryptocurrencies from Robinhood to another exchange without paying any fees. Many exchanges offer fee-free transfers for certain cryptocurrencies or during promotional periods. It's important to check the specific terms and conditions of the exchange you wish to transfer to, as fees may vary depending on the cryptocurrency and the exchange's policies.
  • avatarDec 20, 2021 · 3 years ago
    Unfortunately, Robinhood does charge fees for cryptocurrency transfers to other exchanges. However, the fees are generally low compared to other platforms. It's always a good idea to compare fees across different exchanges before making a transfer to ensure you're getting the best deal.
  • avatarDec 20, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, allows fee-free transfers from Robinhood to their platform. They have a seamless transfer process and support a wide range of cryptocurrencies. It's a great option if you're looking to avoid fees when transferring from Robinhood to another exchange.