What are the fees associated with trading BTC on Robinhood?

3 answers

• Nov 29, 2021 · 3 years ago
  When trading BTC on Robinhood, there are a few fees that you should be aware of. Firstly, there is no commission fee for buying or selling BTC on Robinhood. This means that you can trade BTC without incurring any additional costs. However, Robinhood makes money through a process called payment for order flow, where they receive a small fee from market makers for executing trades. This fee is typically a fraction of a cent per share and is not directly passed on to the user. Additionally, Robinhood may charge fees for certain types of transactions, such as wire transfers or overnight trades. It's important to review Robinhood's fee schedule to understand the specific fees associated with your trading activities.
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• Nov 29, 2021 · 3 years ago
  Trading BTC on Robinhood is commission-free, which means you won't have to pay any fees for buying or selling BTC. However, it's worth noting that Robinhood makes money through other means, such as interest on uninvested cash and premium subscription services like Robinhood Gold. So while you may not directly pay trading fees, there may be other costs associated with using the Robinhood platform. It's always a good idea to carefully review the terms and conditions and fee schedule of any trading platform before getting started.
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• Nov 29, 2021 · 3 years ago
  When it comes to trading BTC on Robinhood, you'll be happy to know that there are no commission fees involved. That's right, you can buy and sell BTC without having to worry about paying any additional fees. However, it's important to note that Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers. So while you won't be charged any trading fees, there may still be other costs associated with using the Robinhood platform. Make sure to read the fine print and understand all the potential costs before you start trading.
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