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What are the fees and charges associated with trading cryptocurrencies on the Robinhood app in the UK?

avatarFaishal RahmanDec 20, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and charges that I may incur when trading cryptocurrencies on the Robinhood app in the UK? I would like to understand the costs involved before I start trading.

What are the fees and charges associated with trading cryptocurrencies on the Robinhood app in the UK?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    When trading cryptocurrencies on the Robinhood app in the UK, you may encounter several fees and charges. Firstly, there are no commission fees for buying or selling cryptocurrencies on Robinhood. However, there may be charges associated with depositing or withdrawing funds from your Robinhood account. Additionally, there may be fees for specific types of transactions, such as transferring cryptocurrencies to an external wallet. It's important to review Robinhood's fee schedule for the most accurate and up-to-date information on fees and charges.
  • avatarDec 20, 2021 · 3 years ago
    Trading cryptocurrencies on the Robinhood app in the UK is commission-free, which means you won't be charged any fees for buying or selling cryptocurrencies. However, there may be other charges to consider. For example, if you deposit funds into your Robinhood account using a debit card, there may be a fee imposed by your card issuer. Similarly, if you choose to withdraw funds from your Robinhood account, there may be charges associated with the withdrawal method you select. It's recommended to review Robinhood's terms and conditions or contact their customer support for specific details on fees and charges.
  • avatarDec 20, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that trading cryptocurrencies on the Robinhood app in the UK is commission-free. This means that you won't have to pay any fees for buying or selling cryptocurrencies. However, it's important to note that there may still be charges for certain transactions, such as depositing or withdrawing funds. These charges can vary depending on the method you choose. To get the most accurate information on fees and charges, I recommend visiting Robinhood's official website or contacting their customer support. They will be able to provide you with detailed information specific to your situation.