What are the fees and charges associated with using Robinhood app for buying and selling cryptocurrencies?

3 answers

• Jan 07, 2022 · 3 years ago
  Sure! When using the Robinhood app for buying and selling cryptocurrencies, there are a few fees and charges to be aware of. First, there are no commission fees for trading cryptocurrencies on Robinhood. This means that you can buy and sell cryptocurrencies without incurring any additional charges. However, it's important to note that Robinhood may charge a spread, which is the difference between the bid and ask prices of a cryptocurrency. This spread can vary depending on market conditions and liquidity. Additionally, Robinhood may charge fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's always a good idea to review the fee schedule on the Robinhood app or website for the most up-to-date information on fees and charges.
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• Jan 07, 2022 · 3 years ago
  No worries! When it comes to using the Robinhood app for buying and selling cryptocurrencies, you won't have to worry about any commission fees. That's right, Robinhood offers commission-free trading for cryptocurrencies. However, keep in mind that there may be some other fees and charges to consider. For example, Robinhood may charge a spread, which is the difference between the buying and selling prices of a cryptocurrency. This spread can vary depending on market conditions. Additionally, there may be fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet. To get the most accurate and up-to-date information on fees and charges, it's always a good idea to check the fee schedule on the Robinhood app or website.
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• Jan 07, 2022 · 3 years ago
  Absolutely! When it comes to fees and charges associated with using the Robinhood app for buying and selling cryptocurrencies, it's important to note that Robinhood itself does not charge any commission fees for trading cryptocurrencies. That means you can buy and sell cryptocurrencies without incurring any additional costs. However, it's worth mentioning that Robinhood may charge a spread, which is the difference between the bid and ask prices of a cryptocurrency. This spread can vary depending on market conditions and liquidity. Additionally, there may be fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet or converting one cryptocurrency to another. It's always a good idea to review the fee schedule on the Robinhood app or website for the most accurate and up-to-date information on fees and charges.
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