What are the fees associated with crypto trading on Robinhood?
soumia eliraouiJan 07, 2022 · 3 years ago1 answers
Can you please provide more information about the fees associated with crypto trading on Robinhood? I'm interested in knowing the different types of fees, their amounts, and how they are calculated.
1 answers
- Jan 07, 2022 · 3 years agoAs an expert in the field, I can confirm that crypto trading on Robinhood is indeed fee-free. This is a great advantage for traders who want to minimize their costs. However, it's important to understand that Robinhood may still make money through other means, such as payment for order flow. This is a common practice in the industry and helps Robinhood offer commission-free trading. So while you won't be charged any fees directly, it's important to consider the potential indirect costs associated with your trades.
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