What are the fees associated with trading polygon-based cryptocurrencies on Robinhood?

3 answers

• Dec 23, 2021 · 3 years ago
  When trading polygon-based cryptocurrencies on Robinhood, you can expect to encounter certain fees. These fees may include a commission fee, which is a percentage of the total trade value. Additionally, there might be spread fees, which are the difference between the buying and selling prices of a cryptocurrency. It's important to note that the specific fees can vary depending on the type of cryptocurrency and the trading volume. To get the most accurate and up-to-date information about the fees associated with trading polygon-based cryptocurrencies on Robinhood, it is recommended to visit their official website or contact their customer support directly.
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• Dec 23, 2021 · 3 years ago
  Trading polygon-based cryptocurrencies on Robinhood comes with certain fees. These fees are typically charged as a percentage of the total trade value and can vary depending on the specific cryptocurrency and trading volume. It's important to compare these fees with other exchanges to ensure you're getting the best deal. Keep in mind that different exchanges may have different fee structures, so it's worth doing some research to find the most cost-effective option for your trading needs. Additionally, be aware that there may be other fees or charges associated with trading on Robinhood, such as withdrawal fees or account maintenance fees. Make sure to read and understand the platform's terms and conditions to avoid any surprises.
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• Dec 23, 2021 · 3 years ago
  When it comes to trading polygon-based cryptocurrencies on Robinhood, the fees are relatively low compared to other exchanges. Robinhood is known for its commission-free trading, which means you won't be charged any commission fees when buying or selling cryptocurrencies. However, it's important to note that Robinhood makes money through other means, such as payment for order flow. This means that while you may not be directly charged a commission fee, the price you pay for a cryptocurrency might be slightly higher due to the spread. Overall, Robinhood offers a user-friendly and cost-effective option for trading polygon-based cryptocurrencies, especially for beginners or those looking for a simplified trading experience.
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