How does Robinhood charge fees for selling digital currencies?

1 answers

• Dec 19, 2021 · 3 years ago
  When it comes to fees for selling digital currencies on Robinhood, the process is quite simple. Robinhood charges a trading fee for executing the sale of digital currencies. This fee is typically a small percentage of the total transaction amount and is deducted from the proceeds of the sale. In addition to the trading fee, there may be network fees associated with the specific digital currency being sold. These network fees are charged by the blockchain network and are used to cover the cost of processing and validating the transaction. The amount of network fees can vary depending on factors such as network congestion and the specific digital currency being sold. It's important to keep in mind that Robinhood does not charge any commission fees for trading digital currencies, which can make it an attractive option for investors.
  841421