What are the fees associated with buying crypto on Robinhood?

3 answers

• Jan 11, 2022 · 3 years ago
  When buying crypto on Robinhood, you should be aware of the fees involved. Robinhood charges a commission-free trading fee, which means you won't have to pay any fees when you buy or sell cryptocurrencies. However, it's important to note that Robinhood makes money through other means, such as selling order flow. This means that they may receive payment for directing your order to certain market makers or liquidity providers. While this doesn't directly impact the fees you pay, it's worth considering as part of the overall cost of trading on Robinhood.
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• Jan 11, 2022 · 3 years ago
  Buying crypto on Robinhood is pretty straightforward when it comes to fees. The platform offers commission-free trading, which means you won't be charged any fees for buying or selling cryptocurrencies. However, it's important to keep in mind that there may be other costs associated with trading on Robinhood, such as spread, which is the difference between the bid and ask price. Additionally, if you choose to transfer your crypto to an external wallet, there may be network fees involved. Overall, Robinhood's fee structure is designed to be user-friendly and transparent.
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• Jan 11, 2022 · 3 years ago
  When it comes to buying crypto on Robinhood, you'll be pleased to know that they offer commission-free trading. This means that you won't have to worry about paying any fees when you buy or sell cryptocurrencies on their platform. However, it's important to note that Robinhood may make money through other means, such as receiving payment for order flow. This is a common practice in the industry and doesn't directly impact the fees you pay. So, if you're looking for a platform with no trading fees, Robinhood is a great option to consider.
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