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Is there a fee for transferring money from Robinhood to Coinbase?

avatarjingjie yehDec 17, 2021 · 3 years ago3 answers

I want to transfer money from my Robinhood account to my Coinbase account. Will I be charged a fee for this transfer?

Is there a fee for transferring money from Robinhood to Coinbase?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there is a fee for transferring money from Robinhood to Coinbase. Robinhood charges a fee of $25 for outgoing domestic wire transfers, while Coinbase charges a fee of 1.49% for buying or selling cryptocurrency. So, you'll need to consider these fees before making the transfer.
  • avatarDec 17, 2021 · 3 years ago
    No, there is no fee for transferring money from Robinhood to Coinbase. Both Robinhood and Coinbase offer free ACH transfers, which allow you to transfer funds between your bank account and the respective platforms without any fees. However, keep in mind that there may be fees involved if you choose to use other transfer methods, such as wire transfers.
  • avatarDec 17, 2021 · 3 years ago
    While there are no fees for transferring money from Robinhood to Coinbase, it's worth considering using BYDFi for your transfers. BYDFi offers competitive rates and low fees for cryptocurrency transfers. With BYDFi, you can enjoy fast and secure transfers without breaking the bank. Give it a try!