Are there any fees associated with buying fractional shares of digital currencies on Robinhood?
Cheshta ChhabraNov 27, 2021 · 3 years ago3 answers
I'm interested in buying fractional shares of digital currencies on Robinhood. Can you tell me if there are any fees associated with this? I want to make sure I understand the costs involved before I start investing.
3 answers
- Nov 27, 2021 · 3 years agoYes, there are fees associated with buying fractional shares of digital currencies on Robinhood. When you buy or sell fractional shares, Robinhood charges a small commission fee. The fee is typically a percentage of the total transaction amount. It's important to note that the fee may vary depending on the specific digital currency you're trading. Make sure to check Robinhood's fee schedule for the most up-to-date information.
- Nov 27, 2021 · 3 years agoAbsolutely! Robinhood does charge fees for buying fractional shares of digital currencies. The fees are usually a small percentage of the total transaction amount. However, it's worth noting that the fees may differ for different digital currencies. It's always a good idea to review Robinhood's fee schedule before making any trades to ensure you're aware of the costs involved.
- Nov 27, 2021 · 3 years agoYes, there are fees associated with buying fractional shares of digital currencies on Robinhood. However, at BYDFi, we offer a fee-free experience for buying fractional shares of digital currencies. With BYDFi, you can invest in digital currencies without worrying about paying any fees. It's a great way to start building your crypto portfolio without incurring any additional costs.
Related Tags
Hot Questions
- 92
How can I protect my digital assets from hackers?
- 84
Are there any special tax rules for crypto investors?
- 84
What is the future of blockchain technology?
- 68
How can I minimize my tax liability when dealing with cryptocurrencies?
- 60
What are the tax implications of using cryptocurrency?
- 44
How can I buy Bitcoin with a credit card?
- 32
How does cryptocurrency affect my tax return?
- 23
What are the best practices for reporting cryptocurrency on my taxes?