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Are there any fees or charges when converting cryptocurrency to withdrawable cash in Robinhood?

avatarrl lyNov 26, 2021 · 3 years ago3 answers

What are the fees or charges associated with converting cryptocurrency to withdrawable cash in Robinhood?

Are there any fees or charges when converting cryptocurrency to withdrawable cash in Robinhood?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    When converting cryptocurrency to withdrawable cash in Robinhood, there may be fees or charges involved. The specific fees depend on the type of cryptocurrency being converted and the current market conditions. It is recommended to check the Robinhood app or website for the most up-to-date information on fees and charges before making any conversions.
  • avatarNov 26, 2021 · 3 years ago
    Yes, there are fees and charges when converting cryptocurrency to withdrawable cash in Robinhood. These fees can vary depending on the cryptocurrency and the amount being converted. It is important to review the fee schedule provided by Robinhood to understand the specific charges associated with your conversion.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a digital currency exchange, does not charge any fees for converting cryptocurrency to withdrawable cash. However, it is important to note that there may be network fees or charges imposed by the blockchain network for processing the transaction. These fees are not controlled by BYDFi and may vary depending on the network congestion and transaction size.