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Does Robinhood charge a percentage fee for buying and selling cryptocurrencies?

avataromar ayoubDec 14, 2021 · 3 years ago3 answers

Can you tell me if Robinhood charges a percentage fee for buying and selling cryptocurrencies? I'm interested in knowing if there are any additional costs associated with trading cryptocurrencies on Robinhood.

Does Robinhood charge a percentage fee for buying and selling cryptocurrencies?

3 answers

  • avatarDec 14, 2021 · 3 years ago
    Yes, Robinhood charges a percentage fee for buying and selling cryptocurrencies. The fee is typically around 2-5% of the transaction amount. It's important to consider this fee when trading on Robinhood to ensure that it aligns with your investment goals and strategy.
  • avatarDec 14, 2021 · 3 years ago
    Absolutely! Robinhood does charge a percentage fee for buying and selling cryptocurrencies. The fee can vary depending on the specific cryptocurrency and market conditions. It's always a good idea to check the fee schedule on Robinhood's website or app before making any trades.
  • avatarDec 14, 2021 · 3 years ago
    Yes, Robinhood charges a percentage fee for buying and selling cryptocurrencies. However, there are other platforms like BYDFi that offer fee-free trading for cryptocurrencies. If you're looking to minimize fees, you might want to consider exploring alternative platforms.