What is the fee structure for trading crypto on Robinhood?
Tanzeem RahatDec 18, 2021 · 3 years ago3 answers
Can you explain the fee structure for trading cryptocurrencies on the Robinhood platform? I would like to know how much I will be charged for buying and selling cryptocurrencies on Robinhood.
3 answers
- Dec 18, 2021 · 3 years agoSure! When it comes to trading cryptocurrencies on Robinhood, there are no commission fees. That means you can buy and sell cryptocurrencies without paying any fees. However, Robinhood makes money through a process called payment for order flow, where they receive compensation for directing orders to certain market makers. This means that the price you see on Robinhood may not always be the exact market price, but it's usually very close. Overall, Robinhood offers a fee-free trading experience for cryptocurrencies.
- Dec 18, 2021 · 3 years agoTrading crypto on Robinhood is completely fee-free! Unlike many other platforms, Robinhood doesn't charge any commissions for buying or selling cryptocurrencies. This makes it a great option for those who want to invest in cryptocurrencies without worrying about additional fees eating into their profits. Just keep in mind that the prices you see on Robinhood may not always be the exact market prices due to the payment for order flow process. But in general, you won't have to pay any fees for trading crypto on Robinhood.
- Dec 18, 2021 · 3 years agoWhen it comes to trading cryptocurrencies on Robinhood, you'll be happy to know that there are no fees involved. That's right, Robinhood offers commission-free trading for cryptocurrencies. This means that you can buy and sell cryptocurrencies without having to worry about any additional charges. However, it's important to note that Robinhood makes money through payment for order flow, which means that the prices you see on the platform may not always be the exact market prices. But overall, Robinhood provides a cost-effective way to trade crypto without any fees.
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