What are the fees associated with brokerage holdings on Robinhood for cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! When it comes to holding cryptocurrencies on Robinhood, there are a few fees to keep in mind. First, there are no commission fees for buying or selling cryptocurrencies on Robinhood. However, Robinhood does charge a fee for certain activities such as transferring cryptocurrencies to an external wallet. Additionally, there may be fees associated with trading cryptocurrencies on Robinhood, such as spread fees or fees for executing market orders. It's important to review Robinhood's fee schedule and terms of service for the most up-to-date information on fees.
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• Dec 16, 2021 · 3 years ago
  The fees associated with brokerage holdings on Robinhood for cryptocurrency trading are relatively low compared to other platforms. Robinhood offers commission-free trading for cryptocurrencies, which means you won't be charged any fees for buying or selling cryptocurrencies. However, there may be fees for certain activities like transferring cryptocurrencies to an external wallet. It's always a good idea to review the fee schedule and terms of service on Robinhood's website to get a complete understanding of the fees involved.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers brokerage services for cryptocurrency trading. When it comes to holding cryptocurrencies on BYDFi, the fees are similar to those on Robinhood. BYDFi offers commission-free trading for cryptocurrencies, and there may be fees for activities like transferring cryptocurrencies to an external wallet. It's important to note that fees can vary between different exchanges, so it's always a good idea to compare the fee schedules of different platforms before making a decision.
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