How does public compare to Robinhood in terms of fees for buying and selling cryptocurrencies?

4 answers

• Nov 27, 2021 · 3 years ago
  When comparing Public and Robinhood in terms of fees for buying and selling cryptocurrencies, there are some notable differences. Public offers commission-free trading, meaning you won't be charged any fees for executing trades. However, it's important to note that Public may charge a small fee for certain types of orders, such as market orders or limit orders. On the other hand, Robinhood also offers commission-free trading, but they generate revenue through other means, such as payment for order flow. This means that while you may not be charged explicit fees for trading on Robinhood, the platform may receive compensation for routing your orders to certain market makers. It's essential to consider these factors when comparing the fee structures of Public and Robinhood.
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• Nov 27, 2021 · 3 years ago
  In terms of transaction fees, Public and Robinhood have different approaches. Public charges a fixed fee of $0.60 per options contract, while Robinhood charges $0 for options contracts. However, it's important to note that Robinhood may charge fees for certain types of transactions, such as margin trading or accessing extended trading hours. It's advisable to review the fee schedules of both platforms to understand the specific charges that may apply to your trading activities.
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• Nov 27, 2021 · 3 years ago
  As a representative of BYDFi, I can provide some insights on the fee comparison between Public and Robinhood. Public is known for its transparent fee structure and commitment to commission-free trading. They aim to make investing accessible to all individuals. On the other hand, Robinhood also offers commission-free trading, but they generate revenue through other means, such as selling order flow. Both platforms have their unique fee structures, and it's important for users to evaluate their trading needs and preferences to determine which platform aligns best with their goals.
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• Nov 27, 2021 · 3 years ago
  When comparing Public and Robinhood in terms of fees for buying and selling cryptocurrencies, it's important to consider deposit and withdrawal fees. Public does not charge any fees for deposits or withdrawals. However, Robinhood may charge fees for certain types of transfers, such as wire transfers or overnight check delivery. It's advisable to review the fee schedules of both platforms to understand the specific charges that may apply to your deposit and withdrawal activities.
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