What are the fees associated with a cash account on Robinhood for buying and selling cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  When it comes to buying and selling cryptocurrencies on Robinhood using a cash account, there are a few fees you should be aware of. First, there are no commission fees, which means you won't be charged for each trade you make. However, Robinhood does charge a small fee for each transaction. This fee is known as the SEC fee and is used to fund the U.S. Securities and Exchange Commission. Additionally, there may be fees associated with transferring funds to and from your bank account. It's important to review Robinhood's fee schedule for the most up-to-date information on these fees. In summary, while there are no commission fees, there are still fees associated with buying and selling cryptocurrencies on Robinhood, including the SEC fee and potential bank transfer fees.
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• Dec 18, 2021 · 3 years ago
  If you're using a cash account on Robinhood to buy and sell cryptocurrencies, you'll be pleased to know that there are no commission fees. However, there are still some fees to keep in mind. One fee you may encounter is the SEC fee, which is a small fee charged on each transaction to support the U.S. Securities and Exchange Commission. Additionally, there may be fees associated with transferring funds to and from your bank account. It's always a good idea to review Robinhood's fee schedule to understand the specific fees that may apply to your transactions. In short, while there are no commission fees, there are still fees associated with using a cash account on Robinhood for buying and selling cryptocurrencies, including the SEC fee and potential bank transfer fees.
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• Dec 18, 2021 · 3 years ago
  When it comes to buying and selling cryptocurrencies on Robinhood using a cash account, there are a few fees to consider. While Robinhood itself does not charge commission fees for trades, there is a small fee known as the SEC fee that is applied to each transaction. This fee is used to support the U.S. Securities and Exchange Commission. Additionally, there may be fees associated with transferring funds to and from your bank account. It's important to review Robinhood's fee schedule to understand the specific fees that may apply to your transactions. In conclusion, while Robinhood does not charge commission fees for buying and selling cryptocurrencies with a cash account, there are still fees to be aware of, including the SEC fee and potential bank transfer fees.
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