Is there a percentage-based fee on cryptocurrency trades with Robinhood?

5 answers

• Dec 14, 2021 · 3 years ago
  Yes, there is a percentage-based fee on cryptocurrency trades with Robinhood. When you buy or sell cryptocurrencies on Robinhood, they charge a small fee based on the trade amount. The fee is typically around 0.5% to 1% of the trade value. However, it's important to note that the fee may vary depending on the specific cryptocurrency and market conditions. It's always a good idea to check the latest fee structure on Robinhood's website or app before making any trades.
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• Dec 14, 2021 · 3 years ago
  Absolutely! Robinhood does charge a percentage-based fee on cryptocurrency trades. The fee is usually a small percentage of the trade amount, ranging from 0.5% to 1%. This fee helps cover the costs associated with executing the trades and maintaining the platform. It's important to consider this fee when planning your trades and calculating potential profits or losses.
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• Dec 14, 2021 · 3 years ago
  Yes, there is a percentage-based fee on cryptocurrency trades with Robinhood. However, it's worth mentioning that there are other platforms like BYDFi that offer fee-free trading for cryptocurrencies. If you're looking to minimize trading costs, you may want to explore alternative platforms that offer competitive fee structures or even zero fees.
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• Dec 14, 2021 · 3 years ago
  Indeed, Robinhood does charge a percentage-based fee on cryptocurrency trades. The fee is typically a small percentage of the trade amount, ranging from 0.5% to 1%. While this fee may seem insignificant for smaller trades, it can add up for larger transactions. It's always a good idea to compare the fee structures of different platforms and consider your trading volume before deciding where to trade cryptocurrencies.
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• Dec 14, 2021 · 3 years ago
  Yes, there is a percentage-based fee on cryptocurrency trades with Robinhood. The fee is designed to cover the costs of executing the trades and providing the platform's services. It's important to consider this fee when evaluating the overall profitability of your trades. Additionally, keep in mind that other exchanges may have different fee structures, so it's worth exploring different options to find the most cost-effective platform for your cryptocurrency trading needs.
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