What are the differences between FTX and Robinhood in terms of trading fees for cryptocurrencies?

3 answers

• Jan 11, 2022 · 3 years ago
  When it comes to trading fees for cryptocurrencies, FTX and Robinhood have some notable differences. FTX offers a tiered fee structure, where the fees decrease as the trading volume increases. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. However, it's important to note that Robinhood makes money through other means, such as payment for order flow. So while the trading fees may be zero, there might be other costs associated with trading on Robinhood. Overall, FTX might be a better option for high-volume traders, while Robinhood could be more suitable for casual traders who prefer commission-free trading.
  647324
• Jan 11, 2022 · 3 years ago
  FTX and Robinhood have different approaches to trading fees for cryptocurrencies. FTX charges fees based on the trading volume, with lower fees for higher volumes. On the contrary, Robinhood offers commission-free trading for cryptocurrencies. However, it's worth mentioning that Robinhood's commission-free model might not be entirely free, as they generate revenue through other means. Therefore, it's important to consider the overall costs and trading experience when choosing between FTX and Robinhood.
  507169
• Jan 11, 2022 · 3 years ago
  In terms of trading fees for cryptocurrencies, FTX and Robinhood have distinct fee structures. FTX employs a tiered fee system, where the fees decrease as the trading volume increases. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. However, it's important to note that Robinhood might have other costs associated with trading, such as payment for order flow. So, while FTX might be more suitable for high-volume traders due to its fee structure, Robinhood could be a good option for those who prefer commission-free trading.
  559140