What are the fees for trading cryptocurrencies on Coinbase compared to Robinhood?

3 answers

• Jan 10, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on Coinbase and Robinhood, there are some differences in terms of fees. Coinbase charges a fee for each transaction, which is typically a percentage of the transaction amount. The fee may vary depending on the specific cryptocurrency being traded. On the other hand, Robinhood offers commission-free trading, which means you won't be charged any fees for buying or selling cryptocurrencies. However, it's important to note that Robinhood may make money from other sources, such as interest on cash balances and selling order flow. So, while you may not directly pay trading fees on Robinhood, there may be other indirect costs involved.
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• Jan 10, 2022 · 3 years ago
  If you're looking for a more detailed breakdown of the fees on Coinbase, here's what you need to know. Coinbase charges a spread of about 0.50% for buying and selling cryptocurrencies. In addition to the spread, Coinbase also charges a Coinbase Fee, which is based on the total transaction amount. The Coinbase Fee can range from $0.99 to $2.99, depending on the transaction amount. Furthermore, Coinbase may also charge a network fee for certain transactions, such as sending cryptocurrencies to an external wallet. The network fee is determined by the current network congestion and can vary from transaction to transaction.
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• Jan 10, 2022 · 3 years ago
  As for Robinhood, they pride themselves on offering commission-free trading. This means that you won't be charged any fees for buying or selling cryptocurrencies on their platform. However, it's worth noting that Robinhood may generate revenue from other sources, such as interest on cash balances and selling order flow. So, while you may not directly pay trading fees on Robinhood, there may still be costs associated with using the platform. It's always a good idea to carefully read and understand the terms and conditions of any platform you choose to trade cryptocurrencies on.
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