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Are there any fees or commissions when trading cryptocurrencies on the Robinhood app?

avatarkjbnDec 20, 2021 · 3 years ago3 answers

Can you tell me if there are any fees or commissions associated with trading cryptocurrencies on the Robinhood app? I'm considering using it for my crypto trades, but I want to make sure I understand all the costs involved.

Are there any fees or commissions when trading cryptocurrencies on the Robinhood app?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Yes, there are fees and commissions when trading cryptocurrencies on the Robinhood app. Robinhood charges a small fee for each transaction, which is typically a percentage of the total trade value. The exact fee amount may vary depending on the specific cryptocurrency you are trading. It's important to carefully review the fee structure on the Robinhood app before making any trades to ensure you are aware of the costs involved.
  • avatarDec 20, 2021 · 3 years ago
    Trading cryptocurrencies on the Robinhood app does come with fees and commissions. These fees are typically charged as a percentage of the total trade value and can vary depending on the specific cryptocurrency. It's always a good idea to review the fee structure on the app and consider these costs when making your trading decisions.
  • avatarDec 20, 2021 · 3 years ago
    When trading cryptocurrencies on the Robinhood app, there are fees and commissions involved. The fees are usually a percentage of the total trade value and can vary depending on the cryptocurrency being traded. It's important to note that these fees are standard in the industry and are used to cover the costs of maintaining the platform and providing access to the markets. Make sure to review the fee structure on the Robinhood app to understand the specific costs associated with your trades.