How much does Robinhood charge for using their Gold service to buy and sell cryptocurrencies?

3 answers

• Dec 15, 2021 · 3 years ago
  Robinhood charges a monthly fee for their Gold service, which allows users to trade cryptocurrencies with additional buying power. The fee starts at $5 per month for a $1,000 margin and goes up to $200 per month for a $50,000 margin. Compared to other platforms, Robinhood's fees for the Gold service are relatively low. However, it's important to note that there may be additional fees associated with trading cryptocurrencies, such as network fees and spread fees.
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• Dec 15, 2021 · 3 years ago
  If you're looking to trade cryptocurrencies on Robinhood, their Gold service offers some advantages. With the Gold service, you can access extended trading hours, allowing you to take advantage of market movements outside of regular trading hours. Additionally, the Gold service provides you with additional buying power, which means you can potentially make larger trades. However, it's important to consider the fees associated with the Gold service and evaluate whether the benefits outweigh the costs for your trading strategy.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a digital currency exchange, also offers a Gold service for trading cryptocurrencies. With BYDFi's Gold service, you can enjoy benefits such as lower trading fees, priority customer support, and access to exclusive features. The fees charged by BYDFi for their Gold service are competitive and vary based on the trading volume. It's worth considering BYDFi as an alternative to Robinhood if you're looking for a platform with additional benefits and features.
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