What fees are involved when buying crypto on Robinhood?

3 answers

• Jan 12, 2022 · 3 years ago
  When buying crypto on Robinhood, there are a few fees to consider. First, there is no commission fee for buying or selling cryptocurrencies on Robinhood. However, Robinhood makes money through a process called payment for order flow, where they receive a small amount from market makers for each trade. Additionally, there may be fees associated with transferring funds to and from your Robinhood account. It's important to note that these fees may vary depending on the specific cryptocurrency and the amount being traded. It's always a good idea to review the fee schedule on the Robinhood website or app for the most up-to-date information.
  643322
• Jan 12, 2022 · 3 years ago
  Buying crypto on Robinhood is commission-free, which means you won't be charged any fees for buying or selling cryptocurrencies. However, it's worth noting that Robinhood may make money through other means, such as payment for order flow. This means that while you won't be directly charged fees, there may still be costs associated with your trades. It's always a good idea to do your research and understand the potential costs involved before making any trades on Robinhood or any other platform.
  499167
• Jan 12, 2022 · 3 years ago
  When it comes to buying crypto on Robinhood, there are a few things to keep in mind. First, 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 through other means, such as payment for order flow. This means that while you won't be directly charged fees, there may still be costs associated with your trades. It's always a good idea to review the fee schedule and terms of service on the Robinhood website or app to fully understand the potential costs involved.
  596149