What are the fees and charges associated with using the Robinhood app for cryptocurrency trading?

3 answers

• Dec 20, 2021 · 3 years ago
  Sure! When it comes to using the Robinhood app for cryptocurrency trading, there are a few fees and charges that you should be aware of. First, there are no commission fees for buying or selling cryptocurrencies on Robinhood. This means that you won't have to pay any fees when you make a trade. However, Robinhood does make money from cryptocurrency trading through a process called 'payment for order flow'. This means that they receive a small payment from market makers for executing your trades. Additionally, there may be fees associated with transferring funds into and out of your Robinhood account. It's important to check with Robinhood directly for the most up-to-date information on these fees.
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• Dec 20, 2021 · 3 years ago
  Hey there! So, when it comes to using the Robinhood app for cryptocurrency trading, you'll be happy to know that there are no commission fees involved. That's right, you won't have to pay a dime when you buy or sell cryptocurrencies on Robinhood. However, keep in mind that Robinhood does make money from cryptocurrency trading in other ways. They receive payment for order flow, which means they get a small payment from market makers for executing your trades. Also, there may be fees associated with transferring funds into and out of your Robinhood account. But overall, Robinhood is known for its low-cost and user-friendly approach to cryptocurrency trading.
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• Dec 20, 2021 · 3 years ago
  When it comes to using the Robinhood app for cryptocurrency trading, you'll be happy to know that there are no commission fees involved. That's right, you won't have to pay any fees when you buy or sell cryptocurrencies on Robinhood. However, it's important to note that Robinhood does make money from cryptocurrency trading through a process called 'payment for order flow'. This means that they receive a small payment from market makers for executing your trades. Additionally, there may be fees associated with transferring funds into and out of your Robinhood account. It's always a good idea to check with Robinhood directly for the most accurate and up-to-date information on fees and charges.
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