What are the fees and charges associated with using a Robinhood LLC account for cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  When using a Robinhood LLC account for cryptocurrency trading, you may encounter several fees and charges. Firstly, there are no commission fees for buying or selling cryptocurrencies on Robinhood. However, Robinhood charges a spread between the bid and ask prices, which is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. Additionally, Robinhood may charge fees for certain types of orders, such as market orders or limit orders. It's important to review Robinhood's fee schedule to understand the specific charges that may apply to your trades.
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• Dec 16, 2021 · 3 years ago
  If you're using a Robinhood LLC account for cryptocurrency trading, you'll want to be aware of the fees and charges involved. While Robinhood offers commission-free trading, they do make money through other means. One way they do this is by charging a spread on the bid and ask prices. This means that when you buy or sell a cryptocurrency, you may not get the exact market price. Additionally, Robinhood may charge fees for certain types of orders, such as market orders or limit orders. It's important to consider these costs when trading on Robinhood.
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• Dec 16, 2021 · 3 years ago
  When it comes to using a Robinhood LLC account for cryptocurrency trading, you'll be pleased to know that there are no commission fees. That's right, you can buy and sell cryptocurrencies without paying any fees. However, it's important to note that Robinhood makes money through the spread, which is the difference between the buy and sell prices. This means that you may not get the exact market price when trading on Robinhood. Additionally, there may be fees for certain types of orders, so it's worth checking Robinhood's fee schedule to understand the charges that may apply to your trades.
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