What are the fees associated with withdrawing digital currencies from Robinhood?
Pappas LundgrenDec 19, 2021 · 3 years ago1 answers
Can you provide a detailed explanation of the fees associated with withdrawing digital currencies from Robinhood?
1 answers
- Dec 19, 2021 · 3 years agoWithdrawal fees for digital currencies on Robinhood can vary depending on the specific currency and the network it operates on. Each withdrawal will incur a network fee, which is used to cover the costs associated with processing the transaction on the blockchain. The amount of this fee is determined by the network and can vary. Additionally, if you are converting the digital currency into a fiat currency, such as USD, there may be an additional conversion fee. This fee is typically a percentage of the total amount being converted. It's important to note that these fees are subject to change and it's always a good idea to check Robinhood's website or contact their customer support for the most accurate and up-to-date information on withdrawal fees.
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