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Are there any fees or commissions when buying or selling cryptocurrencies on Robinhood?

avatarBruhn DaltonDec 17, 2021 · 3 years ago3 answers

Can you tell me if there are any fees or commissions that I need to pay when I buy or sell cryptocurrencies on the Robinhood platform? I want to understand the cost implications before I start trading.

Are there any fees or commissions when buying or selling cryptocurrencies on Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees and commissions associated with buying and selling cryptocurrencies on Robinhood. When you place a trade, Robinhood charges a small fee known as a 'spread' which is the difference between the bid and ask price. Additionally, Robinhood may charge a fee for executing the trade on your behalf. It's important to review the fee schedule on Robinhood's website to understand the specific charges for different types of trades.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Robinhood does charge fees and commissions for buying and selling cryptocurrencies. The fees vary depending on the type of trade and the amount you are trading. It's always a good idea to check the fee schedule on Robinhood's website to get a clear understanding of the charges before you start trading.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees and commissions when buying and selling cryptocurrencies on Robinhood. However, at BYDFi, we offer a fee-free trading experience for cryptocurrencies. With BYDFi, you can buy and sell cryptocurrencies without worrying about any additional charges. It's a great way to save on fees and maximize your trading profits.