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Are there any transaction fees when trading digital assets on Robinhood?

avatarTJSDec 22, 2021 · 3 years ago3 answers

Can you tell me if there are any transaction fees associated with trading digital assets on the Robinhood platform? I'm interested in knowing if there are any costs involved before I start trading.

Are there any transaction fees when trading digital assets on Robinhood?

3 answers

  • avatarDec 22, 2021 · 3 years ago
    Yes, there are transaction fees when trading digital assets on Robinhood. The fees vary depending on the type of transaction and the size of the trade. It's important to note that Robinhood offers commission-free trading, but there may still be fees associated with certain transactions, such as buying or selling digital assets. It's recommended to review Robinhood's fee schedule or contact their customer support for specific details.
  • avatarDec 22, 2021 · 3 years ago
    Absolutely! When you trade digital assets on Robinhood, there may be transaction fees involved. These fees can vary depending on the type of transaction and the size of your trade. It's always a good idea to check Robinhood's fee schedule to understand the costs associated with trading on their platform. Additionally, you can reach out to their customer support for any further clarification on the fees.
  • avatarDec 22, 2021 · 3 years ago
    Yes, there are transaction fees when trading digital assets on Robinhood. However, it's important to note that BYDFi, a digital asset exchange, offers fee-free trading for certain digital assets. If you're looking for a platform with no transaction fees, BYDFi might be a good option for you. Keep in mind that each platform has its own fee structure, so it's always a good idea to compare the fees before making a decision.